Director, Actuary - ALM

StanCorp Financial Group, Inc; Portland (OR); On-site; USD 148,000 - 236,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) with company match

Annual bonus

Paid time off

Parental leave

Volunteer program matching

Employee giving program

Job summary

The Standard seeks a Director and Actuary on the ALM & Capital Analytics team to lead the JFSA Economic Capital program, transforming regulatory requirements into strategic business management. You will oversee governance, reporting, and stakeholder engagement while partnering with Meiji Yasuda to align risk and value insights with strategy.

You will coach a team of professionals, collaborate across Product Lines, Finance, and ERM, and champion a holistic framework of JFSA results and related

Qualifications

• Eight or more years of actuarial experience with increasing levels of responsibility.
• Solid understanding of economic capital regulations and governance and their impact on business strategy.
• Experience with JFSA (a plus) and strong technical skills in Excel; Power BI and Dataiku are a plus.

Responsibilities

• Oversee economic capital results under the JFSA framework for Meiji Yasuda and senior management.
• Lead and develop a team of economic capital professionals, setting priorities and ensuring high-quality analysis.
• Serve as the primary liaison with Meiji Yasuda on methodologies, results, and reporting requirements.
• Partner with Product Lines, Actuarial Modeling, Finance, ALM, Investments, ERM, and Governance to interpret results and ensure governance.
• Educate stakeholders to build JFSA acumen and a shared understanding of results.
• Promote consistent use of economic capital information to support risk, performance, and growth decisions.
• Communicate results and emerging risks to senior management, auditors, regulators, Meiji Yasuda and other stakeholders.
• Research industry best practices in economic capital, capital frameworks, and value-based management.

Education

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

ASA designation required / FSA strongly preferred

Tools

Excel

Power BI

Dataiku

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

As Director and Actuary on our ALM & Capital Analytics team, you will lead the organization's JFSA Economic Capital program, transforming economic capital from a regulatory requirement into a strategic business management capability. This role oversees economic capital governance, reporting, and stakeholder engagement while partnering across the enterprise and with our parent company, Meiji Yasuda to integrate risk and value insights into business strategy, performance management, capital allocation, and growth decisions. Through strong leadership, collaboration, and innovation, the Director drives informed decision‑making, enhances organizational understanding of risk, and advances the effective use of economic capital to create long‑term value.

Key Responsibilities

• Oversee the production, aggregation, validation, interpretation, and reporting of economic capital results under the JFSA (Japanese regulator) framework for both our parent company, Meiji Yasuda, and senior management for Pillar 1 (prescribed economic capital results) and Pillar 2 (results that we believe are more reflective of our business).
• Lead, coach, and develop a team of economic capital professionals, setting priorities, building technical and business expertise, delegating analytical ownership, and ensuring the delivery of timely, accurate, and high‑quality analysis and reporting.
• Serve as the primary liaison with Meiji Yasuda on economic capital methodologies, assumptions, results, reporting requirements, emerging issues, and strategic opportunities to enhance the use of economic capital across the organization.
• Partner with Product Lines, Actuarial Modeling, Finance, ALM, Investments, Enterprise Risk Management, and Governance teams to understand and interpret model results, ensure alignment, support strategic decision‑making, and maintain governance standards for economic capital methodologies, controls, and processes.
• Build economic capital and JFSA acumen across the organization by educating stakeholders and their teams, facilitating collaborative discussions, and fostering a shared understanding of JFSA results, related metrics, and underlying measurements.
• Promote consistent use of economic capital information across the enterprise to support informed decision‑making and a common understanding of risk, performance, and growth trade‑offs.
• Communicate economic capital results, insights, and emerging risks through an ongoing two‑way dialogue with senior management, auditors, regulators, Meiji Yasuda, and other stakeholders, enabling effective interpretation of results, strengthening organizational understanding of JFSA results and complementary metrics, and supporting informed, risk‑aware business decisions.
• Research industry best practices and emerging trends in economic capital, regulatory capital frameworks, risk‑adjusted performance measurement, capital allocation, and value‑based management, identifying opportunities to enhance the organization’s ability to balance performance, growth, and risk through the effective use of JFSA results and related measures.
• Lead the identification and implementation of economic capital use cases, partnering with stakeholders across the business to integrate economic capital into business management, strategic planning, pricing, performance measurement, capital allocation, and resource allocation decisions.
• Champion a holistic framework of JFSA results and complementary metrics that provide a comprehensive view of risk and value creation, support enterprise‑wide consistency, and drive sustainable strategic growth.

Skills and Background

Education: Bachelor’s degree or equivalent combination of education and experience in Mathematics, Actuarial Science, Business or a related field is preferred. ASA designation required/FSA designation strongly preferred.

Experience: Eight or more years of actuarial experience with increasing levels of responsibility. Prior experience and solid understanding of economic capital regulations and economic capital governance, reporting applicability and impact to business strategy, performance management, capital allocation, and growth decisions. Proven experience in the overall management and technical oversight of senior actuarial individual contributors and/or teams of actuarial staff and driving actuarial team performance to defined business objectives. Experience with JFSA (a plus). Solid technology skills utilizing Excel (required), Power BI (a plus), Dataiku (a plus).

Key Behaviors of a Successful Candidate

• Winning Together: Excellent verbal and written communication skills with the ability to build strong relationships within the team and across the organization. Works collaboratively across the organization to accomplish common business goals. Effectively collaborates and communicates with a wide range of non‑technical stakeholders and is able to translate complex ideas into easily understandable concepts.
• Developing People: Provides coaching, mentoring and development opportunities for individual team members and fosters a team culture focused on collaboration, accountability, and continuous improvement. Cultivates professionalism by encouraging collaboration with colleagues, ownership of results, and implementation of innovative technical solutions.
• Engaging Hearts & Minds: Empowers teams to form partnerships and motivates them to succeed through collaboration and cohesion.
• Driving Success: Champions a result‑oriented culture that views challenges as an opportunity to achieve greater growth by creating a compelling vision, implementing strategy‑aligned goals, and executing with a sense of urgency. Uses market data and knowledge of business model to develop new strategies, connect goals to enterprise vision, and identify criteria to measure success.
• Improvement Mindset: Thinks innovatively, brings ideas to life, and seeks continuous improvement. Approaches business challenges from a broad corporate perspective. Anticipates and removes barriers to accomplish business objectives. Constantly pursue exceptional results that take us "next level."

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. 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: $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.

The Standard is a family of companies dedicated to helping its customers achieve financial well‑being and peace of mind. In business since 1906, we’re a leading provider of group and individual disability insurance, group life, dental and vision insurance, voluntary (employee‑paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit www.standard.com or follow us on LinkedIn and Instagram.