Vice President, Actuary - Life, Absence and Disability Benefits (LAD)
About The Position
The Vice President, LAD Actuary is accountable for the actuarial leadership and profit management of The Standard’s $4 billion Life, Absence and Disability business. This role owns pricing, reserving, profitability analysis, actuarial strategy, financial reporting, and planning. This role partners closely with Underwriting and Sales to drive profitable growth while maintaining disciplined risk management. The VP LAD Actuary serves as key strategic and financial advisor on growth strategies, M&A, market expansion, and member of LAD Executive team to drive best in class profit management, product/service delivery, customer experience and market leadership. Employees in this role are eligible for fully remote work. Occasional travel only (such as for planning purposes, team building, or conferences) may be required.
Requirements
- Strategic and Innovative mindset with strong business acumen in the Employee Benefits market.
- Anticipates emerging risks/opportunities and positions the organization to proactively create value.
- Inspires trust, passion and commitment through respect, understanding of people and shared purpose.
- Ability to influence and communicate effectively at the Senior Management, Strategic Partners and Sales Force level.
- Executive judgment, independence, and ability to lead through change.
Responsibilities
- Develop actuarial strategies to support profitable growth.
- Partner with Sales and Underwriting to drive sales, customer retention and cross sell.
- Integrate actuarial insights into business strategies and collaborate effectively with LAD Executive team to achieve profitable growth and competitive advantage.
- Elevate the Actuarial function as a strategic partner across the Enterprise.
- Oversee the development of pricing strategies for LAD products to ensure competitive pricing and achieve profitability targets.
- Manage the reserving process to ensure balance sheet strength.
- Ensure compliance with regulatory requirements and industry standards for pricing and reserving.
- Drive risk management with Underwriting and develop reinsurance partnerships.
- Oversee the preparation and dissemination of actuarial and financial reports.
- Analyze financial and operational performance to provide insights and drive business actions.
- Communicate financial results, drivers and business actions to senior management and key stakeholders.
- Oversee financial planning process and model development that combines current business performance, business actions and external drivers of results.
- Develop and execute financial strategies to support the company’s growth and profitability objectives.
- Drive expense management in partnership with Finance team.
- Partner with Corporate Development team to assess M&A or Partnership opportunities, drive deal value model development, and determine value from business synergies.
- Lead and develop the actuarial team, fostering a culture of high performance and continuous improvement.
- Provide mentorship and coaching to team members, promoting professional development and growth.
- Drive actuarial innovation and best in class actuarial practices.
- Translate complex actuarial insights into clear, actionable operational and strategic guidance for non-technical stakeholders.
- Collaborate effectively with other departments to execute business actions, achieve performance targets, and enhance competitive advantage.
- Foster a culture of accountability, continuous learning, and collaboration across teams.
Benefits
- medical
- dental
- vision
- 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
- Paid parental leave
- adoption/surrogacy assistance
- employee giving program that double matches your donations to eligible nonprofits and schools
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
