Actuary – Individual Annuities

🔥 0 minutes ago

🌲 Oregon – Remote

🌲 Oregon – Remote

💵 $131.8k - $192.5k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

📊 Actuary

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The Standard

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1906

💸 Finance

👥 HR Tech

Insurance • Finance • HR Tech

The Standard is a comprehensive provider of insurance, retirement, and investment products and services, targeting individuals, families, businesses, and organizations. Based in Portland, Oregon, and part of the StanCorp Financial Group, Inc. , The Standard offers products such as life and disability insurance, annuities, vision and dental coverage, and retirement plans. Their solutions aim to facilitate financial wellness and enable effective benefits administration, catering to clients of all sizes. The company is renowned for its people-first commitment and innovative partnerships, contributing to a seamless customer experience.

📋 Description

• Owning the development and enhancement of AXIS models and processes supporting VM-22 valuation and communicating results to senior management • Design and implementation of model improvements, including structure, assumptions, and runtime optimization • Leading methodology decisions related to VM-22 interpretation and implementation and driving model governance (change management, controls, validation readiness) • Partnering with valuation, pricing, FP&A, and investment management to ensure consistency and usability of results • Analyzing model output to identify drivers, limitations, and opportunities for improving model performance and scalability (automation, workflow, cloud integration where applicable) • Staying current on VM-22 regulatory developments and translating into model changes • Provide mentorship and project leadership to core VM-22 team as well as partner organizations • Demonstrates expertise in Company's risk profile, risk appetite and risk management practices to complete risk-based analysis and propose appropriate risk-based opportunities

🎯 Requirements

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred • ASA or FSA Designation required • 5+ years of experience sufficient to have gained a seasoned actuarial business perspective required • Prior modeling experience with GGY AXIS (preferred) • Hands-on experience with Individual annuities (required) • Asset modeling and Asset Liability Management (ALM) experience (strongly preferred) • Projection and Valuation modeling experience (CFT, LDTI MRB, VM-20, or VM-21) (preferred) • Strong analytical skills, attention to detail, and the ability to own and explain reserve movements

🏖️ Benefits

• 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