Director Actuary

Job Summary

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. 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?

About the Role

The Standard seeks a talented, experienced actuary with strong life pricing experience to join our voluntary benefits division. You will lead a high-performing team of actuaries and students. You will leverage your skillful relationship management as you partner with key internal stakeholders and product line leaders. You’ll be involved in ensuring the profitability of the voluntary life products and will serve as the illustration actuary which carries annual reporting responsibilities.

Areas of Focus

• Management: Direct and control the activities within a defined area of actuarial analysis or responsibility. Provide direct supervision to professional individual contributors 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.
• Pricing/Underwriting: Manage the development of pricing for premium rates and fees. Analyze emerging profit as compared to pricing assumptions. Perform specialized pricing/underwriting for large cases or unique blocks of business.
• Actuarial/Experience Studies: Gather, analyze and develop strong understanding of profitability, growth, risk, customer retention, and expense trends, utilizing company, industry and capital market data as necessary. Create and maintain models used in analysis, risk management, income projection and regulatory requirements. Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies.
• Product Development: Collaborate with sales, marketing and other functional areas on the financial soundness and design of new products. Research, design and implement new products or product enhancements. Analyze new product profitability to achieve corporate/division income and growth goals.
• 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.

Qualifications

• Experience with GGY AXIS preferred.
• Group or Individual Life pricing experience strongly preferred.
• Prior experience sufficient to have gained a seasoned actuarial business perspective, particularly including pricing design and strategy.
• FSA designation required. Attaining Fellowship alone is not a sufficient criterion to operate at this level.
• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred.

Skills

• Strong analytical skills.
• Effective communication and people skills in managing projects, working with stakeholders and resolving conflicts.
• Subject matter expert with the ability to negotiate and influence management decision making.

Benefits

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.
• A 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.

Pay

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. Salary Range: $147,750.00 - $236,000.00 Positions will be posted for at least 5 days from original posting date.

Schedule

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.