Sr. Actuary/Actuary - Individual Annuities

The Standard • Portland, OR

2d • $131,750 - $200,750 • Remote

About The Position

The Standard’s Individual Annuities division is currently looking to add a Sr. Actuary and Actuary/Model Owner to our team. Both roles will require hands-on actuarial modeling experience and will play a key role in driving our VM-22 implementation. These roles are ideal for someone that enjoys building, enhancing, and owning actuarial models related to a high visibility regulatory function, and will be integral in developing and refining models, defining strategic asset allocations that optimize reserves, and partnering across valuation, pricing, FP&A, ALM, and investment management to ensure a robust, scalable VM-22 framework. As part of this team, you will have opportunities to support other modeling initiatives in our near-term future state, potentially including strategic initiatives related to a Bermuda affiliate reinsurer. These are high impact individual contributor roles, with near term leadership opportunities.

Requirements

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred.
• ASA or FSA Designation required (see below qualifications for each role.)
• 5+ years of experience sufficient to have gained a seasoned actuarial business perspective required.
• Prior modeling experience with GGY AXIS (required).
• Hands-on experience with Individual annuities (required).
• Strong analytical skills, attention to detail, and the ability to own and explain reserve movements.

Nice To Haves

• Asset modeling and Asset Liability Management (ALM) experience (strongly preferred).
• Projection and Valuation modeling experience (CFT, LDTI MRB, VM-20, or VM-21) (preferred).

Responsibilities

• Owning the development and enhancement of AXIS models and processes supporting VM-22 valuation and communicating results to senior management.
• Design and implementation of model improvements, including structure, assumptions, and runtime optimization.
• Leading methodology decisions related to VM-22 interpretation and implementation and driving model governance (change management, controls, validation readiness).
• Partnering with valuation, pricing, FP&A, and investment management to ensure consistency and usability of results.
• Analyzing model output to identify drivers, limitations, and opportunities for improving model performance and scalability (automation, workflow, cloud integration where applicable)
• Staying current on VM-22 regulatory developments and translating into model changes
• Provide mentorship and project leadership to core VM-22 team as well as partner organizations

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: Entry Level