The next part of your journey is right around the corner — with The Standard.
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?
Job Summary
As Sr. Director and Actuary within the Enterprise Risk Management (ERM) and Emerging Risks team in Corporate Actuarial and Risk Management, you will direct key activities of the Company’s Enterprise Risk Management framework. This includes designing impactful and informative reporting for senior management, advising on and directing the development of key metrics, targets and tolerances, effectively leveraging a cross-functional network of risk champions across the organization and consulting on the holistic risk implications of strategic business initiatives.
This position also ensures monitoring and raising awareness of the external environment for emerging risks and sources of potential disruption to the business, including but not limited to regulatory developments within the insurance industry with an actuarial, risk-based capital, or enterprise risk focus.
Occasional travel only (such as for planning purposes, team building, or conferences) may be required.
Skills and Background You’ll Need
- Management of the key recurring elements of the Enterprise Risk Framework, including maintenance of the risk taxonomy, risk monitoring and reporting.
- Experience with ORSA analysis and preparation of ORSA summary reports.
- Collaboration with the business and functional areas to develop meaningful metrics, targets and tolerances, conduct stress tests or scenario analysis, consult on strategic initiatives and promote a risk-aware culture.
- Awareness of developments in the external environment that could impact the organization’s risk profile and of regulatory developments with an actuarial, risk-based capital, or enterprise risk focus.
- Broad actuarial, financial and industry expertise combined with product line knowledge and skills to contribute to the achievement of company goals.
- Responsible for the overall management and technical oversight of the most senior actuarial individual contributors and/or of multiple teams of actuarial staff, where activities are concerned with multiple functions for a subset or segment of a Major Product Group, Line of Business, or Market, or a single function for multiple Major Product Groups or Markets.
- Develop networks across the department/group/organization. Effectively leverage resources from other departments across the organization to accomplish common business goals. Viewed as a key resource to the group, provide thought leadership in his/her key areas of responsibilities. Subject matter expert with the ability to negotiate and influence senior management decision making.
- Routinely provide counsel to the Top Actuarial Executive within the Product Group/Line of Business, or Market Segment, and to financial, underwriting, operational or product development leadership on broad-based strategies to enhance the risk and profitability profile of the business.
- ASA designation, or equivalent, required with 7-10 years of actuarial work experience. FSA preferred.
- Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.
- Demonstrated success leading complex, cross-functional initiatives with enterprise impact.
- Work on complex, cross-functional initiatives where analysis of situations requires evaluation of quantitative, qualitative, forward looking and organizational factors.
Key Behaviors of a Successful Candidate
Winning Together – Ensure their teams examine a diversity of perspectives before designing and implementing solutions.
Strategic Visioning – Identify criteria to assess strategic alignment and success of plans tracking against measurable success factors.
Adaptability – Promote ongoing change and continuous improvement as important aspects of organizational effectiveness and market viability.
Why join The Standard?
We have built an enduring legacy of stability, innovation, and financial strength thanks to the contributions of the talented, creative, and compassionate 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 a 401(k) plan with matching company contributions.
- An annual incentive bonus plan.
- Generous paid time off.
- A supportive and responsive management approach.
- Opportunities for career growth and advancement.
- Paid time off to volunteer.
- An employee giving program that double matches your donations to eligible nonprofits and schools.
- Much more!
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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:
$177,500.00 - $283,500.00Positions 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 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.
Working at
The Standard
The Standard is a financial services company that specializes in providing insurance, retirement, and investment solutions for individuals and businesses. With headquarters in Portland, Oregon, The Standard has been in operation since 1906, and has a strong reputation for its commitment to customer service and innovation. Working at The Standard means being part of a team that values diversity, inclusion, and collaboration. The company offers a range of career opportunities for individuals at all stages of their professional journey, from entry-level positions to senior leadership roles. The Standard is committed to providing its employees with the resources and support they need to grow and succeed in their careers. The Standard offers a comprehensive benefits package that includes medical, dental, and vision insurance, 401(k) matching, and paid time off. The company also offers a number of other unique benefits, including wellness programs, employee assistance programs, and an employee stock purchase plan. In addition to its commitment to its employees, The Standard is also committed to making a positive impact on society and the environment. The company has a strong corporate social responsibility program that focuses on supporting local communities, promoting sustainability, and fostering diversity and inclusion. If you are looking for a career in the financial services industry, The Standard is an excellent choice. The company is committed to its employees and customers, and is dedicated to making a positive impact on the world. With a supportive and collaborative work environment, competitive compensation and benefits packages, and opportunities for professional growth and development, The Standard is a great place to build a meaningful and rewarding career.