Actuary - Individual Annuities

The Standard; Portland (OR); Sur place; USD 120 000 - 190 000; Plein temps

Résumé du poste

The Standard’s Individual Annuities division is seeking an Actuary/Model Owner to lead hands-on actuarial modeling for VM‑22, shaping a robust, scalable framework. This role requires building, refining, and owning models tied to a high-visibility regulatory function, with opportunities to influence asset allocations and reserves.

You will own AXIS model development, drive methodology decisions, and oversee governance, validation, and control processes.

Qualifications

• Bachelor’s degree in mathematics, actuarial science, business, or related field preferred.
• ASA or FSA designation required.

Responsabilités

• Own the development and enhancement of AXIS models and processes for VM-22 valuation.
• Design and implement model improvements, including structure, assumptions, and runtime optimization.
• Lead methodology decisions related to VM-22 and drive model governance (change management, controls, validation).
• Partner with valuation, pricing, FP&A, and investment management to ensure consistency and usability of results.
• Analyze model output to identify drivers, limitations, and opportunities for performance and scalability (automation, cloud).
• Stay current on VM-22 regulatory developments and translate into model changes.
• Provide mentorship and project leadership to VM-22 team and partners.
• Demonstrate expertise in risk profile and risk management practices to propose opportunities.

Connaissances

Actuarial modeling

AXIS

VM-22

Leadership

Communication

Formation

Bachelor’s degree in mathematics or actuarial science

Description du poste

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 Standard’s Individual Annuities division is currently looking to add an Actuary/Model Owner to our team. This role will require hands‑on actuarial modeling experience and will play a key role in driving our VM‑22 implementation. This is an ideal role for someone that enjoys building, enhancing, and owning actuarial models related to a high visibility regulatory function, and will be integral in developing and refining models, defining strategic asset allocations that optimize reserves, and partnering across valuation, pricing, FP&A, ALM, and investment management to ensure a robust, scalable VM‑22 framework. As part of this team, you will have opportunities to support other modeling initiatives in our near‑term future state, potentially including strategic initiatives related to a Bermuda affiliate reinsurer.

Key Responsibilities:

• Owning the development and enhancement of AXIS models and processes supporting VM‑22 valuation and communicating results to senior management.
• Design and implementation of model improvements, including structure, assumptions, and runtime optimization.
• Leading methodology decisions related to VM‑22 interpretation and implementation and driving model governance (change management, controls, validation readiness).
• Partnering with valuation, pricing, FP&A, and investment management to ensure consistency and usability of results.
• Analyzing model output to identify drivers, limitations, and opportunities for improving model performance and scalability (automation, workflow, cloud integration where applicable).
• Staying current on VM‑22 regulatory developments and translating into model changes.
• Provide mentorship and project leadership to core VM‑22 team as well as partner organizations.
• Demonstrates expertise in Company's risk profile, risk appetite and risk management practices to complete risk-based analysis and propose appropriate risk-based opportunities.

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:

• ASA or FSA Designation required

Experience:

• 5+ years of experience sufficient to have gained a seasoned actuarial business perspective required.
• Prior modeling experience with GGY AXIS (preferred).
• Hands‑on experience with Individual annuities (required).
• Asset modeling and Asset Liability Management (ALM) experience (strongly preferred).
• Projection and Valuation modeling experience (CFT, LDTI MRB, VM‑20, or VM‑21) (preferred).
• Strong analytical skills, attention to detail, and the ability to own and explain