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Securian Financial Group, Inc.

Securian Financial Group, Inc.

Actuarial Director - Enterprise Risk Management

Actuarial Director - Enterprise Risk Management

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Job Details
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Uploaded On
March 23, 2024
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Location
Saint Paul, United States
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Remote?
No
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
62%
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Overall Score
3.5
Position Summary:

This position will provide leadership to our Enterprise Risk Management Actuarial function. This will include leading a dynamic and highly visible enterprise team as well as strategic leadership for actuarial financial risks for Securian. Responsibilities will include leading and developing a team of actuarial leaders and/or professionals and providing strategic and thought leadership to all Securian's ERM functions, including leading/coordinating FRC and chairing risk governance committees.

Responsibilities may include, but are not limited to:

Leads staff to achieve functional, department and enterprise objectives:
  • Accountable for performance, results, and budget of ERM Actuarial function
  • Actively and effectively leads a team of actuarial professionals and managers, providing oversight, guidance, and decision-making to drive functional initiatives
  • Works with team members to understand short and long-term career objectives by providing frequent, actionable feedback to support their ongoing career development


Directs Securian Financials' financial risk management activities, including capital management:
  • Partners with stakeholders and executive leadership to determine financial risk and capital management priorities and translates to actionable plans; oversees execution
  • Oversees insurance risk management for Securian, including Mortality, Longevity, Morbidity, and Policyholder Behavior, ensuring strong partnership with Solutions Groups and Shared Services to identify, measure, and effectively manage risk exposures
  • Oversees Asset Liability Management activities for Securian, providing strategic direction and oversight
  • Directs Embedded Value and Economic Capital programs and activities; ensuring value-add deliverables
  • Provides strategic thought leadership towards enterprise capital management strategy, driving towards a long-term strategic capital management framework
  • Directs team on capital management activities including, but not limited to, capital forecasting, stress testing, capital allocation, and capital management strategies
  • Key communicator and influencer with Leadership Council and ELT on capital position, targets and expectations, ensuring broad organizational alignment on capital strategy


Communicates ERM positions and strategies:
  • Coordinates Securian's Financial Risk Committee, identifying topics, coordinating preparation, and ensuring timely and effective discussion of most relevant financial risk topics for the organization
  • Key communicator of ERM topics, including presentations to Financial Risk Committee, Risk Council, and others as identified.
  • Guides team to define and execute communication strategies that maintain organizational awareness of ERM program objectives and current risk positions
  • Builds and maintains relationships with Leadership Council and ELT members, ensuring effective two-way communication and engagement on ERM topics
  • Consults with, influences, and informs solution groups and shared solutions on ERM related topics, advocating for decisions in alignment with our ERM objectives
  • Ensures strong partnership with FP&A function to integrate risk management metrics and decision-making into Goals & Plans and other financial planning tools.


Oversees Securian's ERM Governance framework and ORSA process:
  • Directs Securian's Own Risk & Solvency Assessment (ORSA) process and development of Securian's ORSA and Enterprise Risk reports, including communication with Securian's Risk Council, Board of Directors, and state regulators
  • Provides oversight to ERM Governance Group framework, ensuring appropriate coverage of critical risk topics, appropriate scoping of responsibilities, and effectiveness of committees to support our ERM objectives
  • Guides team in oversight of Risk Tolerance framework ensuring risk tolerances align to Securian's Risk Appetite and support the long-term objectives of the organization
  • Influences development and management of Risk Appetite statement
  • Provides leadership towards Securian's ERM Reporting processes, ensuring timely and relevant communication of Securian's risk positions to the Board, Risk Council, and other internal stakeholders.
  • Oversees risk identification and assessment processes for Securian's subsidiaries and affiliates, facilitating connections with Securian's ERM Governance framework.


Qualifications:
  • 5+ years of leadership experience managing direct reports
  • FSA designation
  • Demonstrated ability to build successful teams, drive results, engage executive leadership, and influence cross-organizational decision-makers to achieve strategic objectives
  • Proven ability to provide strategic thought leadership, build effective relationships, and communicate complex topics to executive leadership, the Board of Directors/Risk Council, and external stakeholders


Preferred Qualifications
  • 3+ years of substantive enterprise risk management experience
  • Functional subject matter expertise in financial risk management, including insurance risk, asset-liability management, and capital management
  • Familiarity with insurance industry regulations, including the Own Risk and Solvency Assessment
  • Experience working in the financial services industry


Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you're in a commutable distance (90 minutes) you'll join us 2-3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules. When working in our offices at least two days per week isn't feasible (vacations, illness, travel, etc.), an eight day per month standard is an option.

Physical Job Requirements:

Ability to utilize the keyboard, computer and/or mouse for up to 8 hours per day

Ability to work at least 40 hours per week

Ability to utilize the phone and/or virtual meeting platform for 14 hours per day

The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of jobs.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:
  • We want you to take time off for what matters most to you. During your first year of hire, you receive a prorated bank of personal days and vacation time depending on your month of hire.
  • Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.


Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

  • Mental Wellness and Disability
  • Pride at Securian Financial
  • Securian Young Professionals Network
  • Securian Multicultural Network
  • Securian Women and Allies Network
  • Servicemember Associate Resource Group


For more information regarding Securian's benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

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Working at 

Securian Financial Group, Inc.

Securian Financial Group, Inc. is a leading financial services company that provides insurance, investment, and retirement solutions to individuals and businesses. With a history spanning over 140 years, Securian Financial has built a strong reputation for its commitment to customer-centric services and financial security. As an actuary at Securian Financial, you'll be part of a talented team that plays a critical role in assessing and managing risks. Actuaries at Securian Financial utilize their expertise in statistical modeling, data analysis, and financial forecasting to ensure the financial stability and integrity of the company's products and services. Collaborating with cross-functional teams, actuaries at Securian Financial contribute to the development of innovative insurance and investment solutions. Actuaries analyze data, evaluate risks, and provide valuable insights that support informed decision-making and help clients achieve their financial goals. Securian Financial values professional growth and provides actuaries with ongoing training and development opportunities. Actuaries can enhance their skills, stay at the forefront of industry advancements, and shape the future of financial services. Join Securian Financial's esteemed actuarial team and embark on a rewarding career where you can apply your actuarial expertise, make a meaningful impact on clients' financial security, and enjoy competitive benefits in a supportive and collaborative work environment.