• Sr Actuarial Student (Pre ASA)

    Location US-OR-Portland
    Posted Date 4 weeks ago(5/1/2018 10:13 AM)
    # Positions
    1
    Status
    Full-Time
    Req #
    17250
  • 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.

     

    Acceptance to a position in this job family constitutes participation in the Actuarial Student Program at The Standard.  The mission of the Actuarial Student Program is to grow actuarial knowledge, business acumen and leadership skills in our Actuaries to enable the achievement of organizational goals.  Actuarial students are expected to progress through the levels of the job family based on academic/exam achievements and by developing their analytical skills, independent decision making, and effective communication and leadership skills.

    Responsibilities

    Below are typical functions of the actuarial job family.  Actual responsibilities may vary based on the business line the position resides in, and the level of the position.

     

    Pricing/Underwriting: Develop and maintain 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.  Set interest rate crediting policies and assumptions based on research and analysis. 

     

    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.  

     

    Product Development:   Collaborate with sales, marketing and other functional areas on the financial soundness and feasibility of new products.  Research, design and implement new products or product enhancements.  Analyze new product profitability to achieve corporate/division income and growth goals. 

     

    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. 

     

    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. 

     

    Actuarial Exams:  Prepare for and pass actuarial exams and maintain continuing education requirements.

    Qualifications

    Education/Experience:  Bachelor’s degree in mathematics, actuarial science, business or a related field preferred.  Two or more years’ experience in the actuarial field and   three to five actuarial exams required

     

    Analytical Skills:  Developing actuarial, statistical and financial expertise.  Works on problems of moderate scope where analysis of situations requires a review of a variety of quantitative factors. Exercises judgment within defined procedures and practices.   

     

    Independence:  Takes ownership of routine work, and applies learnings from actuarial exams/experience to improve process/analysis.  Contributes to the development of methods and procedures on new assignments.   

     

    Influence:  Effective team player and able to build stable working relationships within own team and with external departments.

     

     

    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.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed