If you’re someone who likes to stand out from the crowd and make a positive difference, you’ll fit in at The Standard (www.standard.com). We set ourselves apart in the retirement plan business by paying attention to details as we are redefining what a retirement plan should be. If that’s your kind of challenge, you could be our kind of employee. Consider joining our team.
The Standard is seeking to expand its actuarial talent in the Retirement Plans (RP) business due to business growth and the desire to enhance risk management capabilities. The current need is for a financial reporting and risk management actuary for a new role within the RP Actuarial practice. Reporting to the Director, Actuarial Financial Reporting and Modeling, this role will develop and maintain risk and financial reporting models, analyze and interpret model results, and interact with a number of cross-divisional stakeholders to drive business decisions. This position may be hired at either a Sr. Actuarial Associate or Assistant Actuary level based on candidate qualifications.
Prepare and review actuarial items reported under GAAP and Statutory accounting frameworks for deposit-type contracts, for example DAC, VOBA and risk-based capital (RBC).
Prepare and analyze models for use in asset adequacy testing, as well as drafting supporting documentation.
Develop and maintain interest rate risk oversight infrastructure for the business.
Prepare analysis to ensure appropriate application of GAAP principles related to recoverability, loss recognition testing, assumption unlocking and special reserve items as needed.
Provide actuarial oversight to the Financial Planning and ORSA (Own Risk and Solvency Assessment) processes.
Produce experience studies to support assumption setting for modeling processes managed by RP Actuarial.
Provide coaching and leadership to the financial reporting actuarial students.
Demonstrate a strong understanding of risk management and financial reporting, being able to recommend and design solutions and process improvements.
Ensure accuracy of information and output delivered, possessing sufficient knowledge and intuition to be able to independently verify results.
Maintain the integrity of models, ensuring they are accurate and effective in capturing material aspects of the business, and that the modeling controls framework is sufficient and sustainable.
Build relationships and establish a high level of trust and credibility within RP Actuarial, RP Finance, Corporate Actuarial, and senior business management, by providing quality information and insight to influence decision making.
FSA designation preferred or demonstrated progression towards completing exams to obtain FSA designation.
Minimum 5 years progressively responsible actuarial experience.
Demonstrated expertise in GGY AXIS, or an equivalent modeling platform.
Self-starter with the ability to work independently, particularly in the area of using sound independent judgment, problem-solving and analytical skills.
Innovative, continuous improvement mindset.
Strong interpersonal skills with the ability to collaborate, negotiate and influence effectively.
Results-oriented, excellent customer focus and commitment to quality.
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, 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 ****. This number is only for the use of individuals with disabilities who need accommodation with the application process. General inquiries about application status will not be addressed.
Compensation will be