Actuarial Associate III - AMG Modeling

At The Standard, you’ll join a team focused on putting our customers first.

Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.

We offer a caring culture where you can make a real difference, every day.
 
Ready to reach your highest potential? Let’s work together.

Job Summary:

The Standard seeks a talented, experienced actuary with strong actuarial modeling expertise to join our AMG Modeling team, focusing on product modeling. You will be involved in developing and maintaining modeling solutions in support of company initiatives. You will leverage your skillful relationship management as you partner with key internal stakeholders and product line leaders.  You’ll be involved in evaluating and implementing new approaches and processes for our modeling effort as we challenge ourselves to consider new methods through our Actuarial Transformation program. 

Acceptance to a position in this job family constitutes participation in the Actuarial Student Program at The Standard.  The mission of the Actuarial Student Program is to grow actuarial knowledge, business acumen and leadership skills in our Actuaries to enable the achievement of organizational goals.  Actuarial students are expected to progress through the levels of the job family based on academic/exam achievements and by developing their analytical skills, independent decision making, and effective communication and leadership skills.

Areas of focus for you will include:

• Assist in the development analysis and model change management of models used in analyzing ALM, Embedded Value, Cash Flow Testing, Economic Capital, Risk Management, Cash Flow Testing, etc.
• Participate in developing models in GGY AXIS to perform and analyze results from Japan’s JFSA regulations for The Standard.
• Work on other model development projects for Individuai Annuity (IA), collaborating with product line SMEs to ERM team.
• Be the key person for other new model/process onboarding plans.
• Ensure projection models are timely and accurate, meeting necessary controls. 
• Communicate projection model results to management to assist and influence corporate and divisional financial strategies.
• Support our Actuarial Transformation initiative ensuring successful implementation of improved procedures and processes including our model orchestration platform.

Skills and Background You’ll Need:

Education:

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred.

Experience:

• 4+ years of experience in an actuarial role. ASA or near FSA.
• Experience with GGY AXIS required.
• Individual Annuities experience required.
• Experience with Python, VBA/Tableau, Power BI (preferred).

Skills:

• Strong analytical skills and attention to detail.
• Thinks innovatively, brings ideas to life, and seeks continuous improvement.
• Excellent communication both verbal and written.
• Ability to work both independently and in team environments.
• Contributes actuarial, financial and industry expertise combined with unique product line knowledge.

Key Behaviors of a Successful Candidate

• Winning together: Leverages effective networks across the department/division and exhibits effective communication and people skills in managing projects, working with stakeholders and resolving conflicts.
• Driving success: Constantly pursue exceptional results that take us “next level.” Communicates and collaborates with product line SMEs and other teams across the organization to meet business needs and attain company goals.
• Adaptability: Adapts quickly to feedback by adjusting priorities to fit new circumstances.   Reacts to change productively and able to prioritize multiple tasks appropriately.

Why join The Standard?

We have built an enduring legacy of stability, innovation and financial strength thanks to the contributions of the talented, creative and compassionate people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:

• A rich benefits package including a 401(k) plan with matching company contributions
• An annual incentive bonus plan
• Generous paid time off
• A supportive and responsive management approach
• Opportunities for career growth and advancement 
• Paid time off to volunteer
• An employee giving program that double matches your donations to eligible nonprofits and schools
• Much more!

#LI-Remote

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.