Actuarial Associate III – CARM/CAALM

The Standard • Portland, OR

29d • Remote

About The Position

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? Job Summary: The Standard seeks a talented and curious actuary to join our Capital Analytics & ALM team in the Corporate Actuarial and Risk Management Division. You will be working primarily on economic risk and capital metrics associated with our parent company and developing a framework to interpret the results for business management. You’ll support the regular production of these measures with our modeling teams and the education of key stakeholders on the interpretation of the results. This is a highly visible and varied role and will give you exposure to all our business units as well as leadership across the organization.

Requirements

• Education: Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.
• ASA designation, or equivalent, required
• Experience: Demonstrated experience in an actuarial capacity
• Advanced analytical skills combined with creative actuarial knowledge to maximize profit and growth through data analysis, forecasting, and solid understanding of the business area of specialization. (i.e. insurance markets, competitive climate, regulatory market).
• Prior experience conducting complex analysis and providing recommendations on impactful strategies for risk management.
• Ability to determine appropriate methods and procedures for projects with limited guidance while anticipating stakeholder needs and takes initiative to address business challenges.
• Prior experience directing multiple complex cross-functional projects simultaneously, while also managing aspects of large and complex initiatives.

Nice To Haves

• Prior experience with retirement products & individual annuity products preferred; capital experience is a plus.
• Excel, Power BI, GGY Axis, Python, Dataiku or other modeling software highly preferred

Responsibilities

• Extract, analyze and prepare data for use in actuarial analysis.
• Analyze, interpret, and present numerical data related to fair values, risk measurements, and other actuarial analyses to internal stakeholders across the organization.
• Communicate and collaborate with various departments across the organization to meet business needs, including process improvement initiatives, coordination of capital methodology with emerging industry & enterprise standards, and providing theory behind capital calculations.
• Prepare ongoing calculations, reporting and explanation of risk capital for individual business units as well as whole company level.
• 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 of risk management, income projection and regulatory requirements.
• Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies.
• Support the development of a risk-based return framework using data and analysis to provide strategic guidance in influencing management decision making.
• Acts as a subject matter expert and interacts frequently with senior department managers or other senior actuarial personnel.
• Ability to communicate with non-technical audiences, providing consultation and clarification on actuarial models and risk issues.
• Ability to influence management towards courses of action which may have potentially sizeable impacts on products, markets, underwriting, pricing, risk management, and profitability.
• Prepare for and pass actuarial exams and maintain continuing education requirements.

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
• 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
• Eligibility to participate in an incentive program is subject to the rules governing the program and plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees