Actuarial Associate III – CARM/CAALM

Standard Insurance Company • Portland, OR

24d • Remote

About The Position

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,
• Experience: D emonstrated 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. insuran c e markets, competitive climate, regulatory ma rket) .
• 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 ; c apital 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 analys e s 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.
• G ather, 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 audience s , providing consultation and clarification on actuarial models and risk issues .
• Ability to influence management towards courses of action which may have potentially sizeable impact s 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

What This Job Offers

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