Asst Actuary

US-OR-Portland
1 month ago
# Positions
1
Status
Full-Time
Req #
16743

Overview

If you want to make a positive difference and stand out from the crowd, you’ll fit in at The Standard (www.standard.com). Through our retirement plans and insurance products and services, we help people achieve financial well-being and peace of mind. Come join us and share our passion for serving our customers in a positively different way.

 

The Standard is hiring for a Senior Actuarial Associate or Assistant Actuary for a growth position within their Corporate Actuarial team. In this role, you will be part of a small newly created team focusing on managing complex processes which require cross-divisional coordination and thought leadership, including certain aspects of the Enterprise Risk Management (ERM) framework and supporting the coordination of asset adequacy analysis and Embedded Value work. This team also frequently manages communications with regulators, rating agencies and auditors regarding actuarial topics.

 

The role requires an actuarial background in one or more of The Standard’s core products (annuities, life and disability insurance), and/or finance and investments. Exposure to ERM is also considered an advantage.

Responsibilities

Financial and Actuarial Analysis:  Apply expertise in actuarial analysis and finance to business problems including principles-based actuarial modeling and estimation, financial forecasting, and numerical analysis in support of risk management. Demonstrate an applied understanding of the principles of accounting under one of more of Statutory, U.S. GAAP and Economic bases. Research complex regulatory issues, determine applicability to situation, and design effective methods to implement required procedures and communicate with affected parties.

   

Cross Collaboration:  Communicate and collaborate with various departments across the organization to meet business needs.  Work with various parts of the organization to understand financial, investment and product data.  Review data and analysis to be used in providing guidance and consultation to influence decision making. 

 

ERM: Support management of the ORSA stress testing process and preparation of the ORSA Summary Report including gathering and assessing assumptions and financial information, calculating financial results under stress conditions, preparing internal documentation and updating the Summary report for new information. Assist in the development or enhancement of risk management framework elements. Execute on processes developed to ensure that model controls and validations are in place and modeling enhancements are integrated into ERM models.

 

Training and Education:  Expose innovations to broader audiences of staff as new techniques and practices are deployed to enable analysis. Actively train others in analysis tools and methods.

Qualifications

  • Bachelor’s degree in mathematics, actuarial science, business, or related field
  • Experienced ASA progressing to FSA (at least two exams past ASA) required; FSA preferred.
  • Minimum of four years of progressively responsible actuarial experience for Sr. Associate role, minimum of six years of progressively responsible actuarial experience for Asst. Actuary role.
  • Acts independently on new assignments with complex factors and consistently apply solid business judgement.
  • Effective collaborates with actuarial and business line leaders to evaluate and understand risk.
  • Acts as a subject matter expert having frequent interaction with senior division management or other senior actuarial personnel.
  • Exhibits effective communication skills with non-technical audience and the ability to negotiate and influence decision making within the division and/or Company.

 

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 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, drug test, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.

 

For more information regarding your Equal Employment Opportunity applicant rights, click  here.

 

Individuals with disabilities who need assistance or accommodation with the application process should contact HR Direct at 971-321-7871.  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.

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