Actuary, Voluntary Benefits

Standard Insurance Company • Portland, OR

4d • Remote

About The Position

The Standard seeks 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 have the opportunity to work with senior actuaries and leaders across all actuarial teams as well as underwriting, sales, and finance. The ideal candidate will possess a strategic mindset and collaborative approach to working with their team. We value a team approach to thought leadership and are looking for someone ready to play both a support role and driver of our core functions: 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. Helping develop approaches to handle voluntary benefit strategies. Collaborate with various stakeholders to ensure pricing strategy success including sales, underwriting, compliance, and finance. Promote a culture of continuous improvement by identifying ways to enhance and streamline our processes.

Requirements

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field.
• ASA required
• Minimum 3 years hands-on experience in an actuarial role (required)
• Advanced skills in Excel & VBA (required)

Nice To Haves

• MBA or advanced degree a plus
• Experience with creation of pricing strategy for large product lines in Supplemental Health, Disability, or Life products.(highly preferred)
• Experience with SQL, Power BI (dashboard creation), & GGY Axis are a plus.
• Prior experience working with underwriting and sales teams preferred.

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.
• Helping develop approaches to handle voluntary benefit strategies.
• Collaborate with various stakeholders to ensure pricing strategy success including sales, underwriting, compliance, and finance.
• Promote a culture of continuous improvement by identifying ways to enhance and streamline our processes.
• Provides coaching and learning guidance to less experienced student actuaries as a mentor that leads without formal leadership responsibilities.
• Acts independently to determine methods and procedures on new assignments.
• Serves a significant role as a resource/mentor to others in the actuarial space and is viewed as a key resource to stakeholders their key areas of responsibility.
• Thinks innovatively, bringing ideas to life and seeks continuous improvement to take us “next level”.
• Ability to take ambiguous tasks and align it to the working model of the team to ensure execution.
• Monitors developments in actuarial techniques, standards, assumptions, legal and regulatory environments; reviews and recommends changes to company policy and practices accordingly.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level