Sr. Actuary - IDI Modeling

The next part of your journey is right around the corner — with The Standard.

A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams across the nation, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?

Job Summary:

The Standard seeks a talented, experienced actuary with strong actuarial modeling expertise to join our IDI Modeling team. 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 further our modeling approaches, enhancing the company’s understanding of risk. 

Areas of focus will include:

• Provide subject matter expertise in the development, analysis, and model change management of models used in analyzing ALM, JFSA, Cash Flow Testing, Economic Capital, Risk Management, Cash Flow Testing, etc.
• Identify, test, and analyze model enhancements for our various model use cases.
• Partner with business unit actuaries and IT on model development projects.
• Be the key person for other new model/process onboarding plans.
• Ensure projection models are timely and accurate, meeting the 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.

Certification:

• FSA required

Experience:

• Significant prior experience sufficient to have gained a seasoned actuarial business perspective required.
• Experience with GGY AXIS is required.
• Individual Disability or LTC experience required.
• Projection and Valuation modeling experience (CFT, STAT, LDTI) (strongly preferred).
• Experience with newer development and workflow/collaboration software preferred: Python, Databricks or other cloud software, Power BI, Confluence, JIRA.

Skills:

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

Key Behaviors of a Successful Candidate

• Driving Success: Has broad actuarial, financial and industry expertise combined with unique product line knowledge, uses skills to contribute to the achievement of company goals.  Works on significant and complex issues where analysis of situations requires evaluation of quantitative, qualitative, forward-looking, and organizational factors.   
• Winning Together: Develops networks across the department/division.  Exhibits effective communication and people skills in managing projects, working with stakeholders and resolving conflicts.  Viewed as a resource to the division, provides leadership in his/her key areas of responsibilities.  Subject matter expert with the ability to negotiate and influence management decision making. 
• Improvement Mindset: Acts independently to determine methods and procedures on new assignments.  Plays a significant role as a resource/mentor to others in the actuarial career. Viewed as a key resource to the division and providing thought leadership in their key areas of responsibilities.  Strives to exceed customer needs.  Thinks innovatively, brings ideas to life, and seeks continuous improvement.  Proactively identifies business issues and develops solutions to resolve them.  Approaches business challenges from a broad corporate perspective and assesses business recommendations from a strategic viewpoint.

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Why Join The Standard?

We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented 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 medical, dental, vision and a 401(k) plan with matching company contributions

• An annual incentive bonus plan

• Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually — PTO increases with tenure

• A supportive, responsive management approach and opportunities for career growth and advancement 

• Paid parental leave and adoption/surrogacy assistance

• An employee giving program that double matches your donations to eligible nonprofits and schools

In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.

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

Salary Range:

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, 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. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. 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 The Standard's 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 and employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.