Sr. Actuary/Actuary - Capital and ALM

Standard Insurance Company • Portland, OR

48d • Remote

About The Position

As Sr. Actuary/Actuary on the Capital Analytics and ALM team, you will be part of a highly effective team that is responsible for managing the ALM framework and statutory capital analytics and strategy at the Standard. You will have the opportunity to work with senior actuaries and leaders across all actuarial teams as well as finance, investments, and accounting. We are looking for an actuary with 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: ALM framework including managing interest rate, liquidity, and credit risk. Capital Strategy including the quarterly review of RBC position, scenario analysis, and projection of capital position. Short-term investment income forecasting, liquidity risk management, and short-term capital forecasting as part of the Financial Plan. Hedging program for interest rate risk including development of new strategies to support evolving business line needs. Provide thought leadership and support strategic initiatives by leading projects that improve ALM and capital-related analytics, tools, and governance. Support business lines product development and pricing needs. Helping develop approaches to handle ALM, capital, and asset strategies. Note: These roles may be filled at the levels noted below based upon applicable experience and career path: Senior Actuary: Applies knowledge of broad industry practices and developments to advocate for risk-based opportunities within the Company’s risk appetite. Participates in professional or industry groups and applies expertise to further the Company's practices. FSA or equivalent required. (The compensation range for this role is: $137,000 - $200,750.) Actuary: Demonstrates expertise in Company's risk profile, risk appetite and risk management practices. Obtains foundational understanding of industry risk management practices. Utilizes Company and industry practices to complete risk-based analysis and propose appropriate risk-based opportunities. ASA or equivalent required. (The compensation range for this role is: $131,750 - $192,500.)

Requirements

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred.
• ASA or FSA required depending on level of role noted above.
• Minimum 4 years of experience in a Corporate, Life, Disability, or Annuity actuarial team sufficient to have gained a seasoned actuarial business perspective required.
• Excellent communication skills and the ability to develop positive internal and external stakeholder relationships by consistently and effectively delivering value while managing projects, working with stakeholders and resolving conflicts.
• Ability to take ambiguous tasks and align it to the working model of the team to ensure execution.

Nice To Haves

• CFA or CERA (a plus)
• Demonstrated senior individual contributor experience in ALM, Capital, finance, or investments (a plus).
• Hands-on experience designing and applying ALM strategies to solve business line and enterprise problems (a plus)
• Prior experience with hedging programs and strategic asset allocation efforts (a plus).
• U.S. statutory capital experience in projections and scenario creation (a plus).

Responsibilities

• Manage the ALM framework including managing interest rate, liquidity, and credit risk.
• Capital Strategy including the quarterly review of RBC position, scenario analysis, and projection of capital position.
• Short-term investment income forecasting, liquidity risk management, and short-term capital forecasting as part of the Financial Plan.
• Hedging program for interest rate risk including development of new strategies to support evolving business line needs.
• Provide thought leadership and support strategic initiatives by leading projects that improve ALM and capital-related analytics, tools, and governance.
• Support business lines product development and pricing needs.
• Helping develop approaches to handle ALM, capital, and asset strategies.
• Applies knowledge of broad industry practices and developments to advocate for risk-based opportunities within the Company’s risk appetite.
• Participates in professional or industry groups and applies expertise to further the Company's practices.
• Demonstrates expertise in Company's risk profile, risk appetite and risk management practices.
• Obtains foundational understanding of industry risk management practices.
• Utilizes Company and industry practices to complete risk-based analysis and propose appropriate risk-based opportunities.
• Serves as a lead on key projects and initiatives and sets goals that inspire others; demonstrates a high level of ambition to achieve outstanding results.
• Acts independently to determine methods and procedures on new assignments.
• Serves a significant role as a resource/mentor to others in the actuarial career and is viewed as a key resource to the division and providing leadership in their key areas of responsibility.
• Thinks innovatively, bringing ideas to life and seeks continuous improvement.
• Provides coaching and learning guidance to less experienced student actuaries as a mentor that leads without formal leadership responsibilities.
• 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
• 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
• 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: Senior