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: We are seeking an actuary to join our Employee Benefits (EB) Projections Team. In this critical role, you will collaborate with stakeholders across the division on efforts to monitor the company’s performance against strategic goals. Your focus will be on conducting experience studies, financial planning, reporting and forecasting specifically related to group insurance in order to contribute to informed decision-making and drive successful business outcomes through actuarial analysis.

• Management Reporting: Development of models for reporting actual, forecast and target projections of EB business, incorporating inputs from the Pricing, Financial Reporting, Valuation, Actuarial Modeling and Data departments. Communicate findings to management to assist and influence corporate/division financial strategies.
• Strategy and M&A integration: Integration of financial, valuation and management reporting related to longer term strategy and recent acquisitions into actuarial models.
• Data Analysis/Information Systems: Extract, analyze and prepare data for use in actuarial modeling. Analyze, interpret and present numerical data related to pricing, reserves and other actuarial analysis. Run, maintain and understand actuarial software and applications. Design, implement and maintain open-source code applications for use in the analysis of financial risks.
• Dashboard/Front-End: Experience working with large data sets and maintaining and troubleshooting tools developed in SAS Enterprise Guide or similar platform such as Power BI, Dataiku or Databricks. Use of Excel, PowerBI, and Python to produce customized reports/dashboards and associated communications.
• Analytical Skills: Uses actuarial, financial and industry knowledge to resolve complex issues in creative ways. Works on complex issues where analysis or data requires in-depth evaluation of quantitative and qualitative factors.

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.
• ASA designation required.

Experience:

• Prior experience sufficient to have gained a seasoned actuarial business perspective required. This position is the highest level of the Actuarial Candidate career path prior to promotion into a position with senior Fellowship responsibility.
• Actuarial Exams: Must be willing to continue to prepare for and pass actuarial exams to maintain continuing education requirements.
• Group Insurance: Understanding of group insurance products and/or experience of actuarial work related to these products is preferred.

Key Behaviors of a Successful Candidate

• Winning together: Communicate and collaborate with stakeholders across the organization to meet business needs. Using data and analysis, provide strategic guidance in influencing management decision making.
• Driving success: Lead cross department/division project teams. Acts as a subject matter expert having frequent interaction with senior division management or other senior actuarial personnel. Exhibits effective communication skills with non-technical audience. Developing people skills in managing, influencing and resolving conflicts.
• Independence: Determines methods and procedures on new assignments with limited guidance. Provides guidance and acts as a resource/mentor to others in the actuarial career. Anticipates customer needs and takes initiative to address business challenges. Seeks continuous improvement of processes and analyses.

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!

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:
$125,500.00 - $184,000.00
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 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.