If you want to make a positive difference & stand out from the crowd, you’ll fit in at The Standard (www.standard.com). Through our retirement plans & insurance products and services, we help people achieve financial well-being & peace of mind. Come join us & share our passion for serving our customers in a positively different way.
The Standard is hiring for a Senior Actuarial Associate or Assistant Actuary (level depends upon experience, skills, and qualification) with annuity valuation expertise for a position within their Individual Annuities actuarial team. In this role, your work, which will be primarily related to index annuities and secondarily related to fixed deferred and immediate annuities, will include:
Valuation: Calculate reserves and liabilities in accordance with regulatory requirements and applicable actuarial and accounting standards. Review and maintain actuarial assumptions relevant to area of practice (e.g. mortality, morbidity, valuation interest rates), adhering to actuarial and industry standards. Test the adequacy of reserves and formulate recommendations on reserve adequacy/methodology or liability funding requirements to management.
Actuarial/Experience Studies; Financial Modeling/Asset Liability Management (ALM)/Risk Management: Gather, analyze and develop strong understanding of profitability, growth, ALM requirements, risk, customer retention, and expense trends, utilizing company, industry and capital market data as necessary. Create and maintain models used in the analysis of ALM, risk management, income projection and regulatory requirements. Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies.
Financial Reporting/Regulatory: Prepare the actuarial portion of financial statements following GAAP, statutory or tax reporting principles. Analyze financial results of the corporation/division and identify drivers of earnings trends. Communicate financial information to management to assist and influence corporate/division financial strategies. Research complex regulatory issues, determine applicability to situation, and design effective methods to implement required procedures and communicate with affected parties.
Data Analysis/Information Systems: Extract, analyze and prepare data for use in actuarial modeling. Analyze, interpret and present numerical data related to pricing, reserves and other actuarial analysis. Run, maintain and understand actuarial software and applications. Design, implement and maintain open-source code applications for use in the analysis of financial risks.
Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc., StanCorp Investment Advisers, Inc. and StanCorp Mortgage Investors, LLC, 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 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.
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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.