Sr. Actuary/Actuary - Capital and ALM
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.
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.
- Minimum 4 years of experience in a Corporate, Life, Disability, or Annuity actuarial team sufficient to have gained a seasoned actuarial business perspective required.
- 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).
- Models strong creativity, resolve, and a growth mindset when responding to setbacks, obstacles, or adversity.
- 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.
- Regularly exceeds internal customer expectations, asks and incorporates feedback weighing competing strategic goals and priorities.
- 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.
- 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.
- Provides coaching and learning guidance to less experienced student actuaries as a mentor that leads without formal leadership responsibilities.
- 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.
Nice To Haves
- CFA or CERA (a plus)
Responsibilities
- Manage the ALM framework including managing interest rate, liquidity, and credit risk.
- Manage Capital Strategy including the quarterly review of RBC position, scenario analysis, and projection of capital position.
- Manage short-term investment income forecasting, liquidity risk management, and short-term capital forecasting as part of the Financial Plan.
- Manage 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.
- Help develop approaches to handle ALM, capital, and asset strategies.
Benefits
- Medical, dental, and vision insurance
- 401(k) plan with matching company contributions
- Annual incentive bonus plan
- Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually
- PTO increases with tenure
- Supportive, responsive management approach
- Opportunities for career growth and advancement
- Paid parental leave
- Adoption/surrogacy assistance
- Employee giving program that double matches donations to eligible nonprofits and schools
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What This Job Offers
Job Type
Full-time
Career Level
Senior
