Senior Director and Actuary, ERM and Emerging Risks

The company name is "The Standard".; United States; Remote; USD 177,000 - 284,000; Full time

Job summary

Join a leading company as the Sr. Director and Actuary in the Enterprise Risk Management team. This role focuses on overseeing risk management activities, advising on key metrics, and ensuring proactive identification of potential risks in the insurance industry. The position emphasizes collaboration and strategic input to enhance company performance while offering a robust benefits package and a competitive salary.

Benefits

401(k) plan with matching contributions

Annual incentive bonus plan

Generous paid time off

Paid parental leave

Employee giving program

Qualifications

• 7-10 years of actuarial work experience required.
• Experience with ORSA analysis and reporting.
• Skill in developing metrics and conducting stress tests.

Responsibilities

• Direct key activities of the Company’s Enterprise Risk Management framework.
• Design impactful reporting for senior management.
• Monitor external environment for emerging risks.

Skills

Risk monitoring

Collaboration

Strategic consulting

Actuarial expertise

Management oversight

Education

Bachelor’s degree in mathematics, actuarial science, business or a related field

ASA designation or equivalent

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 across the nation, 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 Sr. Director and Actuary within the Enterprise Risk Management (ERM) and Emerging Risks team in Corporate Actuarial and Risk Management, you will direct key activities of the Company’s Enterprise Risk Management framework. This includes designing impactful and informative reporting for senior management, advising on and directing the development of key metrics, targets and tolerances, effectively leveraging a cross-functional network of risk champions across the organization and consulting on the holistic risk implications of strategic business initiatives.

This position also ensures monitoring and raising awareness of the external environment for emerging risks and sources of potential disruption to the business, including but not limited to regulatory developments within the insurance industry with an actuarial, risk-based capital, or enterprise risk focus.

Occasional travel only (such as for planning purposes, team building, or conferences) may be required.

Skills and Background You’ll Need

• Management of the key recurring elements of the Enterprise Risk Framework, including maintenance of the risk taxonomy, risk monitoring and reporting.
• Experience with ORSA analysis and preparation of ORSA summary reports.
• Collaboration with the business and functional areas to develop meaningful metrics, targets and tolerances, conduct stress tests or scenario analysis, consult on strategic initiatives and promote a risk-aware culture.
• Awareness of developments in the external environment that could impact the organization’s risk profile and of regulatory developments with an actuarial, risk-based capital, or enterprise risk focus.
• Broad actuarial, financial and industry expertise combined with product line knowledge and skills to contribute to the achievement of company goals.
• Responsible for the overall management and technical oversight of the most senior actuarial individual contributors and/or of multiple teams of actuarial staff, where activities are concerned with multiple functions for a subset or segment of a Major Product Group, Line of Business, or Market, or a single function for multiple Major Product Groups or Markets.
• Develop networks across the department/group/organization. Effectively leverage resources from other departments across the organization to accomplish common business goals. Viewed as a key resource to the group, provide thought leadership in his/her key areas of responsibilities. Subject matter expert with the ability to negotiate and influence senior management decision making.
• Routinely provide counsel to the Top Actuarial Executive within the Product Group/Line of Business, or Market Segment, and to financial, underwriting, operational or product development leadership on broad-based strategies to enhance the risk and profitability profile of the business.
• ASA designation, or equivalent, required with 7-10 years of actuarial work experience. FSA preferred.
• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.
• Demonstrated success leading complex, cross-functional initiatives with enterprise impact.
• Work on complex, cross-functional initiatives where analysis of situations requires evaluation of quantitative, qualitative, forward looking and organizational factors.

Key Behaviors of a Successful Candidate

Winning Together – Ensure their teams examine a diversity of perspectives before designing and implementing solutions.

Strategic Visioning – Identify criteria to assess strategic alignment and success of plans tracking against measurable success factors.

Adaptability – Promote ongoing change and continuous improvement as important aspects of organizational effectiveness and market viability.

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!

#LI-Remote

Why Join The Standard?

We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented 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 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:

$177,500.00 - $283,500.00

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.