A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams across the nation, we've been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?
The Director & Actuary - ISG modeling role serves as the leader of the IDI and EB modeling teams. They will provide expertise both in the product lines they support along with the projection methodologies the team produces.
The role will collaborate closely with other leaders across the company to provide insight for both projection modeling analysis as well as governance and best practices for valuation model stewardship.
The role also implements and identifies modeling strategies and solution that enhance the value of the modeling org for The Standard.
Principal Duties and Responsibilities:
- Management: Direct and control the activities within a ISG modeling team. Provide direct supervision to professional individual contributors and managers including training, development and coaching. Establish a high-performing environment, fostering collaboration within the team. Identify workforce needs and ensure alignment with corporate manager expectations, values and vision. (30%)
- Financial Projection Modeling/Model Stewardship: Gather, analyze and develop strong understanding of projection model usages at the company relevant to the ISG business line (Duration Measurement, JFSA, CFT) 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. (40%)
- Cross Collaboration: Communicate and collaborate with ISG and AT/IT to meet business needs. Meet needs of both internal and external stakeholders related to model governance and analysis. Advocate for modeling solutions that promote the strength of the Actuarial Modeling Org. (30%)
Skills and Background You'll Need:
Education: Bachelor's degree in mathematics, actuarial science, business or a related field. (required)
Certification: FSA or equivalent (required)
Experience:
- Minimum 8 years experience in the actuarial field or the equivalent combination of education and/or experience.
- Broad actuarial, financial and industry expertise combined with unique product line knowledge that contributes to the achievement of company goals.
- Experience working on significant and complex issues where analysis of situations requires evaluation of quantitative, qualitative, forward looking and organizational factors.
Key Behaviors of a Successful Candidate
- Winning together: Develops networks across the department/division. Exhibits effective communication and people skills in managing projects, working with stakeholders and resolving conflicts. Viewed as a resource to the division, providing leadership in his/her key areas of responsibilities. Subject matter expert with the ability to negotiate and influence management decision making.
- Driving success: Drives team performance to goals. Provides training and development to immediate team members. Significant role as a resource/mentor to others in the actuarial career.
- Adaptability: Adapts quickly to feedback by adjusting priorities to fit new circumstances.
- Improvement Mindset: Thinks innovatively, brings ideas to life, and seeks continuous improvement. Approaches business challenges from a broad corporate perspective. Anticipates and removes barriers to accomplish business objectives. Constantly pursue exceptional results that take us "next level."
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Why Join The Standard?
We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:
- 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
In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.
- Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on a variety of factors including individual and organizational performance.
Salary Range:
$143,750.00 - $229,750.00
Positions will be posted for at least 5 days from original posting date.
Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, 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. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. 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 The Standard's 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 and employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.