Actuarial Associate III

3 weeks ago

Wisconsin, United States The Standard Full time
Actuarial Associate III

At The Standard, we're committed to putting our customers first. Our high-performance culture is driven by collaborative, accountable, creative, agile, and passionate individuals who strive to do what's right – across the company and in our local communities.

Job Summary:

The Actuarial Student Program at The Standard aims 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 Responsibilities:
  • Collaborate with subject matter experts to consolidate financial reporting results at the organization level, ensuring results are consistent and tell the story behind the numbers.
  • Prepare and review actuarial portions of financial statements following GAAP, statutory or tax reporting principles.
  • Contribute to the preparation, review, and analysis of reserve and actuarial reports for management and the Board.
  • Responsible for valuation of asset and derivative positions and assessing the effectiveness of derivative instruments to mitigate risk.
  • Promote a culture of continuous improvement by identifying and implementing ways to enhance and streamline our processes.
  • Communicate financial information to management to assist and influence corporate financial strategies.
  • Research complex regulatory issues and financial reporting methodologies to determine applicability and appropriate implementation.
  • Analyze financial results of the corporation to identify drivers and trends.
Qualifications:
  • Bachelor's degree in mathematics, statistics, actuarial science, or related field preferred.
  • Four or more years' experience in the actuarial field.
  • ASA designation required, FSA preferred.
  • Financial Reporting experience, preferably Statutory and GAAP.
  • Effective communication and presentation skills.
  • Advanced Excel skills. VBA experience a plus.
  • Experience with actuarial projection software and programming languages, preferably AXIS and Python.
  • Low-ego, team-oriented, collaborative approach.

The Standard offers a comprehensive benefits package, 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.

The Standard is an Affirmative Action/Equal Opportunity employer. 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.

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