Actuarial Associate II - Corporate Actuarial and Risk Management, Asset Modeling

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, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers.

About the role

This role supports the development, maintenance, and production of asset models used in asset-liability management (ALM), cash flow testing, regulatory reporting, and enterprise risk management activities. You will work with a broad range of asset classes, including corporate bonds, structured securities, commercial mortgages, derivatives, and alternative investments, while developing an understanding of how interest rates, credit spreads, and market conditions impact asset values, financial results, and the company's risk profile.

This role provides a unique opportunity to develop technical actuarial expertise, gain insight into investment and risk management practices, contribute to process improvements and automation initiatives, and support analyses that help ensure the company can meet its long-term obligations to policyholders. Acceptance of this position constitutes participation in the Actuarial Student Program at The Standard, which aims to grow actuarial knowledge, business acumen, and leadership skills. This position is part of our student rotation program, meaning you will rotate to an actuarial role in one of our three other distinct product lines or to our corporate actuarial department.

Responsibilities

• Own assigned asset modeling processes and models, including production execution, analysis, validation, documentation, and ongoing maintenance.
• Support the production, validation, and analysis of asset models used in ALM, cash flow testing, regulatory reporting, and enterprise risk management activities.
• Develop, maintain, and enhance asset modeling capabilities within GGY AXIS and related platforms, including the analysis of corporate bonds, commercial mortgages, structured securities, derivatives, and alternative investments.
• Generate, validate, and analyze economic scenarios and interest rate sensitivity measures, including key rate duration analyses, to assess asset and portfolio risk exposures.
• Review model output, investigate results, and communicate key findings while collaborating with actuarial modeling, ALM, governance, and reporting teams across the organization.
• Identify opportunities to improve efficiency, transparency, and controls through process automation, analytical tool development, model enhancements, and methodology improvements using Python, SQL, Power BI, and related technologies.

Requirements

• Bachelor’s degree in mathematics, statistics, actuarial science, business, related fields, or comparable work experience.
• Minimum 2 years of actuarial experience, or equivalent combination of actuarial work experience and internships.
• Successful completion of 3 or more actuarial exams.
• Experience working with large datasets and maintaining, enhancing, validating, and analyzing actuarial, financial, or quantitative models.
• Exposure to life insurance, asset modeling, ALM, financial reporting, or risk management concepts (preferred).

Skills

• Intermediate to advanced Excel skills.
• Modeling experience (GGY AXIS preferred).
• Dashboarding and data visualization (Power BI preferred).
• Proficiency in Python and SQL for analytical and automation applications.
• Ability to review model output, identify key drivers, and evaluate reasonableness of results.
• Excellent verbal and written communication skills with the ability to build relationships with team members and key stakeholders.
• Strong analytical, conceptual, and critical thinking skills with a solutions-oriented mindset.
• Ability to thrive in a fast-paced environment and respond effectively to evolving business priorities.

Benefits

• 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.
• Paid parental leave and adoption/surrogacy assistance.
• An employee giving program that double matches your donations to eligible nonprofits and schools.
• Supportive, responsive management approach and opportunities for career growth and advancement.

Pay

Salary Range: $82,250.00 - $120,750.00. The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.