Actuary, Voluntary Benefits

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

We seek a talented actuary to join the Voluntary Benefits Pricing Strategy team. In this role, you will focus on custom pricing and analysis for Elective Voluntary Benefits (EVB) products (including Accident, Critical Illness, Hospital Indemnity, Disability, and Life Products). You will collaborate with senior actuaries and leaders across actuarial teams, as well as underwriting, sales, and finance. The ideal candidate will possess a strategic mindset and a collaborative approach.

Responsibilities

• Large case custom pricing strategy, including review of quoting performance metrics.
• Provide thought leadership and support strategic initiatives by leading projects that improve pricing/underwriting accuracy, competitiveness, and efficiency.
• Support business lines' product development and pricing needs.
• Help develop approaches to handle voluntary benefit strategies.
• Collaborate with various stakeholders (sales, underwriting, compliance, and finance) to ensure pricing strategy success.
• Promote a culture of continuous improvement by identifying ways to enhance and streamline processes.
• Provide coaching and learning guidance to less experienced student actuaries as a mentor.
• Act independently to determine methods and procedures on new assignments.
• Monitor developments in actuarial techniques, standards, assumptions, legal, and regulatory environments; review and recommend changes to company policy and practices accordingly.

Requirements

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field. (MBA or advanced degree a plus)
• ASA certification required.
• Minimum 3 years of hands-on experience in an actuarial role.
• Experience with creation of pricing strategy for large product lines in Supplemental Health, Disability, or Life products (highly preferred).
• Advanced skills in Excel & VBA (required).
• Experience with SQL, Power BI (dashboard creation), and GGY Axis (a plus).
• Prior experience working with underwriting and sales teams (preferred).

Key Behaviors

• Winning together: Excellent communication skills and the ability to develop positive internal and external stakeholder relationships by consistently delivering value, managing projects, and resolving conflicts.
• Customer Focus: Strives to exceed customer expectations and is viewed as a key resource to stakeholders across the organization.
• Improvement Mindset: Thinks innovatively, brings ideas to life, and seeks continuous improvement.
• Adaptability: Ability to align ambiguous tasks with the team’s working model to ensure execution.

Pay

This role may be filled at the following levels based on experience:

• Actuary: 5+ years of experience. Compensation range: $131,750 - $192,500.
• Actuarial Associate III: 3+ years of experience. Compensation range: $94,500 - $138,500.

The actual compensation will be based on education, experience, knowledge, skills, position budget, internal equity, and market data. Eligibility to participate in an incentive program is subject to program rules, and any award depends on individual and organizational performance.

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: 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 donations to eligible nonprofits and schools.
• Opportunities for career growth and advancement.
• A supportive, responsive management approach.