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.

The Standard seeks a talented, and curious actuary to join our ERM team in our Corporate Actuarial and Risk Management Division. You will be working with the ERM team to evaluate, monitor, and manage risks in our risk framework. You will be involved in researching emerging risks and risk measures as well as collaborating with teams across the organization. This is a highly visible and varied role and will give you exposure to all of our business units as well as leadership across the organization.

    

Job Summary: 
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.

Below are typical functions of the actuarial job family.  Actual responsibilities may vary based on the business line the position resides in, and the level of the position.  

Risk Management:  Gather, analyze and develop strong understanding of profitability, growth, ALM requirements,  risk, customer retention, and expense trends, utilizing company,  industry and capital market data as necessary.  Create and maintain models used in the analysis risk management, income projection and regulatory requirements.  Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies.    Data Analysis/Information Systems:  Extract, analyze and prepare data for use in actuarial analysis. Analyze, interpret and present numerical data related to pricing and other actuarial analysis.   Cross Collaboration:  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. Actuarial Exams:  Prepare for and pass actuarial exams and maintain continuing education requirements. 

Skills and Background You’ll Need:

Education/Experience: Moderate demonstrated experience in an actuarial capacity. ASA designation, or equivalent, required. Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.   Analytical Skills:  This position combines advanced and creative actuarial knowledge with sound business judgment, based on experience with a range of decisions based on actuarial analysis and forecasting, to maximize profit and growth. Combined with its broader awareness of the business, area(s) of specialization, insurance markets, competitive climate, and regulatory environment, the position performs complex actuarial analysis leading to the recommendation of impactful strategies for risk management.  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. 

Key Behaviors of a Successful Candidate:

Winning together: Seeks out and encourages diverse perspectives; helps individuals relate to, understand, and accept other perspectives.Driving success: Independently drives work forward and takes responsibility for achieving job requirements, tasks, and objectives.Customer Focus: Develops positive internal and external stakeholder relationships by consistently and effectively delivering value.

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 contributionsAn annual incentive bonus planGenerous paid time offA supportive and responsive management approachOpportunities for career growth and advancement Paid time off to volunteerAn employee giving program that double matches your donations to eligible nonprofits and schoolsMuch more!

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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:

$92,250.00 - $135,250.00

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 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.