Director Actuary

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, 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 Standardseeksa talented, experienced actuary with stronglife pricing experienceto join ourvoluntary benefitsdivision. You willlead a high-performing team of actuaries and students.  You willleverageyour skillful relationship management as you partner with key internal stakeholders and product line leaders. You’llbe involved inensuring the profitability ofthevoluntarylife productsand will serve as the illustration actuary which carries annual reporting responsibilities.  The missing piece is you, bringing your vision,expertise, and energy.

Areas of focus for you will include

Management:

Direct and control the activities within a defined area of actuarial analysis or responsibility. Provide direct supervision to professional individual contributors including training,developmentand coaching. Establish a high-performing environment, fostering collaboration within the team. Identifyworkforce needs and ensure alignment with corporate manager expectations,valuesand vision.

Pricing/Underwriting:

Manage the development of pricing for premium rates and fees. Analyze emergingprofitas compared to pricing assumptions. Perform specialized pricing/underwriting for large cases or unique blocks of business.

Actuarial/Experience Studies:

Gather,analyzeand developstrongunderstanding of profitability, growth, risk, customer retention, and expense trends,utilizingcompany,industryand capital marketdataas necessary. Create andmaintainmodels used in analysis, risk management, incomeprojectionand regulatory requirements. Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies.

Product Development:

Collaborate with sales, marketing and other functional areas on the financial soundness anddesignof new products. Research,designand implement new products or product enhancements. Analyze new product profitability to achieve corporate/division income and growth goals.

Cross Collaboration:

Communicate and collaborate with various departments across the organization to meet business needs. Using data and analysis, provide strategic guidance in influencing management decision making.

Traits of a Successful Candidate

Education/Experience:

• Experience with GGY AXISpreferred.
• Groupor IndividualLifepricingexperiencestronglypreferred.
• Prior experience sufficient to have gained a seasoned actuarial business perspective, particularly including pricing design and strategy.
• FSA designationrequired. Attaining Fellowship alone is not asufficient criteriontooperateat this level.
• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred.

Analytical Skills:

• Thinksinnovatively, brings ideas to life, and seeks continuous improvement.
• Contribute broad actuarial, financial and industryexpertisecombined with unique product line knowledge.
• Usesskills to contribute to the achievement of company goals.
• Works on significant and complex issues where analysis of situations requires evaluation of quantitative, qualitative,forward lookingand organizational factors.

Influence:

• Communicate and collaborate with various departments across the organization to meet business needs.
• Serves as a lead on key projects and initiatives.
• Exhibits effective communication and people skills in managing projects, working withstakeholdersand resolving conflicts.
• Subject matter expert with the ability to negotiate and influence management decision making.

Decision Making:

• Acts independently todeterminemethods and procedures on new assignments. Significant role as a resource/mentor to others in the actuarial career.
• ​Primarily responsible for developing andexecuting onbusiness needs within an actuarial function.

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.

The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.

Salary Range:

Positions will be posted for at least 5 days from original posting date.

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. After any conditional offer of employment is made, the background check will include an individualized assessment based on the applicant’s specific record and the duties and requirements of the specific job. Applicants will be provided an opportunity to explain and correct background information. All employees of The Standard must be bondable.

Originally posted on Himalayas