At The Standard, you’ll join a team focused on putting our customers first.

Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.

We offer a caring culture where you can make a real difference, every day.
 
Ready to reach your highest potential? Let’s work together.

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.

Job Summary:

The Standard seeks a talented actuary to join the Corporate Actuarial Governance / Financial Reporting team. In this role, you will be responsible for the execution of Corporate Actuarial financial reporting deliverables.

Principal duties and responsibilities:

• Collaborate with subject matter experts across the company to consolidate financial reporting results at the organization level, ensuring results are consistent and tell the story behind the numbers.
• Prepare and review actuarial portions of financial statements following GAAP, statutory or tax reporting principles.
• Contribute to the preparation, review, and analysis of consolidated reserve reports for management and Board, regulatory and rating agency responses, and cash flow testing deliverables.
• Responsible for managing and challenging Embedded Value deliverables.
• Responsible for valuation and validation of asset and derivative positions.
• 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. 
• Document existing processes along with ideas for model / assumption refinements and process improvements.
• Promote a culture of continuous improvement by identifying and implementing ways to enhance and streamline our processes.

Your studies will be supported through our actuarial student development program. This position is part of our student rotation program, meaning you will have the opportunity to rotate to an actuarial role in one of our four distinct product lines or to another role in our corporate actuarial department.

Qualifications Required:

• Bachelor’s degree in mathematics, statistics, actuarial science, business, or related field.
• ASA designation.
• Moderate demonstrated experience in an actuarial capacity.
• Effective communication and presentation skills.
• Intermediate to advanced Excel skills. VBA experience a plus.
• Experience with actuarial projection software and programming languages, preferably AXIS and Python.
• Financial Reporting experience, preferably Statutory and GAAP.

Competencies You Possess:

Analytical Skills:

• Combines advanced and creative actuarial knowledge with a broader awareness of the business and the regulatory environment.
• Performs complex actuarial analysis leading to the recommendation of impactful strategies.
• Analyzes financial results of the corporation to identify drivers of earnings trends.
• Research complex regulatory issues and financial reporting methodologies to determine applicability and appropriate implementation. Independence:
• Determines methods and procedures on new assignments with limited guidance.
• Begins to develop skills as a mentor and resource to entry level actuaries.
• Anticipates customer needs and takes initiative to address business challenges.
• The position may direct multiple complex actuarial projects simultaneously, cross-functionally, as well as aspects of very broad, large and complex initiatives.

Influence:

• Acts as a subject matter expert having frequent interaction with senior department managers or other senior actuarial personnel.
• Developing communication skills with non-technical audience.
• Provides consultation and clarification on actuarial models and risk issues, and influences management towards courses of action that have a potentially sizeable impact on products, markets, underwriting, pricing, risk management, and profitability.
• Low-ego, team-oriented, collaborative approach.

#LI Remote

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:

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