• Actuary, Retirement Plans Product Development and Management

    Location US-OR-Portland
    Posted Date 2 weeks ago(1/7/2019 11:13 AM)
    # Positions
    Req #
  • 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.



    With headquarters located in downtown Portland, The Standard employees enjoy beautiful surroundings and great amenities. Relocation Assistance is provided for an out of area candidate.  


    The Company

    The Standard is a leading provider of financial products and services. These include group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and group vision insurance, absence management services, retirement plans products and services, individual annuities, and origination and servicing of fixed rate commercial mortgage loans.


    The Standard Culture

    You’ll find the environment provides complex intellectual challenges as well as excitement as you share in the success of the company’s forward moving plans. The Standard fosters innovation, builds collaboration, and pursues excellence.  You’ll experience an open and welcoming environment with authentic people who are thoughtful and intentional with high integrity.  You’ll find a very collaborative approach when it comes to planning and decision making.  You’ll have the independence to achieve results within the framework of the values and culture of the organization. In a culture that places high value on continuous improvement and possibilities, your ideas and insights regarding creative and innovative approaches are expected and encouraged.   


    Portland Oregon - Something For Everyone:


    Good Food Awards. Recognizing Portland and Oregon-based companies in 2016, 2017, and 2018.

    Beer. 70+ breweries

    Wine.  250 wineries within 60 miles of downtown Portland and over 700 in the state.

    Parks. 37,000 acres of parks in the Portland metro area.

    Cycling. A bike-friendly city.

    Enjoy the great outdoors. Hiking, camping, boating, skiing, and the Oregon Coast. Lots of beautiful places to explore.

    Professional Sports. Basketball, Soccer and Hockey teams.

    Arts and Entertainment.  Symphony, Ballet, Theater, Museums.



    Note: Relocation assistance will be provided to an out of area candidate

    Position Summary

    In this highly visible role in the Retirement Plans Actuarial team, you’ll apply your expertise to support the growth and management of the company’s proprietary Stable Asset Fund (SAF) through support of product development initiatives and building out actuarial management infrastructure. This is a high focus area for the Company and is considered to be an area of significant potential growth for our Retirement Plan business.  You will also contribute to the development and management of products and services for customers using our recordkeeping services, particularly those which incorporate the SAF.    In this role, you’ll partner with other groups (Legal, Retirement Plan Services, Corporate Actuarial, etc.), as well as mentoring more junior actuarial staff and partnering with other members of the actuarial team to deliver insights which support strategic decision-making and risk-focused management of the Retirement Plans business. 


    You’ll report to the lead of the Product Development and Management team.  This team of 4-5 people will include FSAs and actuarial students, and will work closely with other areas of the organization.  As an experienced FSA, you will be mentoring more junior actuarial staff, act as a thought leader on the team, and be responsible for driving work to meet team goals. 

    Your principal duties and responsibilities include:


    • Play a key role in bringing new products to market by completing risk and financial analysis, contract and regulatory filings, pricing, application of accounting standards, implementation of operations and management reporting, as well as product roll-out and sales support.
    • Partner with other team members and investment actuaries to evaluate and monitor ALM strategy for SAF.
    • Prepare underwriting analysis on large SAF cases which will be used to make recommendations to internal stakeholders, including the RP Actuary and Corporate Actuary, about acceptance of large cases.
    • Gain experience and expertise in the suite of products and services offered to recordkeeping customers and participate in projects to evaluate and enhance those products.
    • Provide input to the development of contracts and agreements and work with internal operations resources to interpret contract language and limitations. Negotiate contract terms within the risk preferences of the organization.
    • Prepare reporting and analysis to assess the profitability and risk profile of the inforce block of business and make strategic recommendations for pricing changes or other actions as needed.
    • Develop and implement improved actuarial procedures; provide actuarial advice and consultation to key partners on matters relating to all relevant products.








    Fellow of the Society of Actuaries {FSA} or equivalent non-US actuarial credential and six or more years of experience in actuarial work and:

    • Strong competency in risk and product analysis and assessment.
    • Experience in one or more of the following: Background in product management or development within the deferred individual annuities, retirement plans, or stable value product space.
    • Bachelor’s degree required. Advanced degree a plus.



    • One or more years of experience in and a track record of successfully putting new or adjacent products into the new and existing markets.
    • Experience with retirement plans products and understanding of Defined Contribution, Defined Benefit plans and ERISA principles.
    • Prior experience working within an insurance company.
    • GGY Axis or experience with a similar actuarial modeling for preparing pricing and risk analysis.


    Competencies You Possess:

    • Transparent and consistent with high personal impact, easily establishing yourself as a trusted business partner.
    • Effective communication skills that instill confidence with internal and external audiences and ability to effectively translate complex concepts.
    • Resourceful to build effective relationships/partnerships across within your team and across the organization.
    • Low-ego, team-oriented, collaborative approach while at the same time being able to influence favorable outcomes.
    • Make informed decisions through strong analytical, conceptual and critical thinking skills with a solutions-oriented mindset; and willingness and ability to handle opposing perspectives and gain consensus.
    • Able to work effectively through complex problems with the ability to assess gaps and opportunities to inform best approach.
    • Driven to win: Pro-active and self-motivated, inspiring enthusiasm about the business and engaging others to maintain a positive culture with a focus on excellence and continuous improvement while driving for results.
    • Excellent organizational skills with strong attention to detail and ability to prioritize and drive results.




    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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