Actuarial Associate II - Corporate Actuarial and Risk Management, Asset Modeling

At The Standard, you'll join a team focused on putting our customers first.

Our continued success is driven by a high-performance culture. We're looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what's right - across the company and in our local communities.

We offer a caring culture where you can make a real difference, every day.

Ready to reach your highest potential? Let's work together.

Job Description Summary

Acceptance to a position in this job family constitutes participation in the Actuarial Student Program at The Standard. The mission of the Actuarial Student Program is to grow actuarial knowledge, business acumen and leadership skills in our Actuaries to enable the achievement of organizational goals. Actuarial students are expected to progress through the levels of the job family based on academic/exam achievements and by developing their analytical skills, independent decision making, and effective communication and leadership skills.

Key Elements of Position

We are seeking an aspiring actuary to join our Asset Modeling team. In this critical role, you will support the team by delivering and effectively communicating model results. Your focus will be on model development, automation, and deployment, specifically related to Interest Rate and Market Risk. Collaborating with stakeholders, you'll contribute to informed decision-making and drive successful business outcomes through actuarial analysis.

As part of our actuarial student development program, you'll have the opportunity for one additional rotational assignment-exposing you to different facets of the business. Expect to rotate roles approximately every 2-3 years within our four distinct product lines (each supported by an actuarial team) and our corporate actuarial department. This program offers a wealth of options to expand your actuarial skills and knowledge throughout your career at The Standard.

Principal Duties & Responsibilities

• Model Building and Dissemination: Assist in constructing models and disseminating results crucial for risk management and investment decisions.
• Collaboration and Solution Design: Collaborate with fellow modelers to design and develop solutions for new initiatives, while adhering to model control standards.
• Business Understanding: Develop a comprehensive understanding of The Standard's profitability, growth, Asset Liability Management (ALM), and risk management.
• Stakeholder Communication: Support the team by investigating models and results, responding to stakeholder inquiries, and effectively communicating findings to team members.

Qualifications Required

• Education: A bachelor's degree in actuarial science, Mathematics, Finance, Economics, Statistics, or a related field.
• Actuarial Exams: Successful completion of three or more actuarial exams sponsored by the Society of Actuaries (SOA) or equivalent within the past eighteen months.
• Excel Proficiency: Experience with pivot tables and functions such as Vlookups and Index/Match.
• Programming skills: Some proficiency in programming languages such as Python or VBA.
• Work Authorization: Must be a U.S. citizen or have work authorization to work in the U.S. without requiring sponsorship (these roles are not sponsorship eligible).

Qualifications Desired

• Experience: Actuarial internship experience modeling in GGY AXIS and/or programming in Python.
• Collaboration: Ability to collaborate effectively with team members and stakeholders.
• Knowledge: A basic understanding of financial assets and life insurance products.

Competencies You Possess

• Adaptability and Time Management: Demonstrated ability to swiftly pick up and tackle new assignments while effectively managing time.
• Solutions-Oriented Mindset: Proficiency in solving complex problems with a focus on practical solutions.
• Flexibility: Willingness to embrace different assignments to support upcoming business changes.
• Attention to Detail and Strategic Vision: Strong attention to detail while maintaining a broader perspective.
• Continuous Improvement: An interest in sharing ideas and contributing to ongoing improvement efforts.
• Numerical Proficiency: Ability to analyze, interpret, and present numerical data effectively.
• Effective Communication: Skill in confidently communicating with both team members and stakeholders.
• Collaborative Approach: A team-oriented mindset while also possessing the capability to work independently and seamlessly collaborate within a team.

#LI-Remote

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:
$78,500.00 - $115,250.00

Positions will be posted for at least 5 days from original posting date.

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.