Director Actuary

The Standard; Portland (OR); On-site; USD 148,000 - 236,000; Full time

Benefits offered by this job

Medical/Dental/Vision

401(k) with match

Annual incentive

Paid time off

Parental leave

Volunteer hours

Employee giving program

Job summary

The Standard seeks a talented, experienced actuary with strong life pricing experience to join our voluntary benefits division. You will lead a high-performing team of actuaries and students.

You’ll partner with key internal stakeholders and product line leaders to ensure profitability of voluntary life products and serve as the illustration actuary with annual reporting responsibilities. The missing piece is you, bringing your vision, expertise, and energy to drive pricing strategy and product

Qualifications

• Experience with GGY AXIS preferred.
• Group or Individual Life pricing experience strongly preferred.
• Pricing design and strategy with actuarial business perspective.

Responsibilities

• Direct and supervise a team of actuaries and students.
• Lead pricing for voluntary life products and profitability analysis.
• Develop models for profitability, growth, risk, and expense trends.
• Collaborate with sales, marketing and product teams on financial soundness of new products.
• Influence management decision making through data-driven insights.

Skills

GGY AXIS

Group or Individual Life pricing

Pricing design and strategy

Education

FSA designation required

Bachelor's degree in Mathematics, Actuarial Science, Business, or related field

Job description

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 seeks a talented, experienced actuary with strong life pricing experience to join our voluntary benefits division. You will lead a high-performing team of actuaries and students. You will leverage your skillful relationship management as you partner with key internal stakeholders and product line leaders. You’ll be involved in ensuring the profitability of the voluntary life products and 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, development and coaching. Establish a high-performing environment, fostering collaboration within the team. Identify workforce needs and ensure alignment with corporate manager expectations, values and vision.

Pricing/Underwriting

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

Actuarial/Experience Studies

Gather, analyze and develop strong understanding of profitability, growth, risk, customer retention, and expense trends, utilizing company, industry and capital market data as necessary. Create and maintain models used in analysis, risk management, income projection and 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 and design of new products. Research, design and 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 AXIS preferred.
• Group or Individual Life pricing experience strongly preferred.
• Prior experience sufficient to have gained a seasoned actuarial business perspective, particularly including pricing design and strategy.
• FSA designation required. Attaining Fellowship alone is not a sufficient criterion to operate at this level.
• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred.

Analytical Skills

• Thinks innovatively, brings ideas to life, and seeks continuous improvement.
• Contribute 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.

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 with stakeholders and resolving conflicts.
• Subject matter expert with the ability to negotiate and influence management decision making.

Decision Making

• Acts independently to determine methods and procedures on new assignments. Significant role as a resource/mentor to others in the actuarial career.
• Primarily responsible for developing and executing on business needs within an actuarial function.

Why Join The Standard?

• 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:

• $147,750.00 - $236,000.00

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 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.