Actuary - IA - Pricing

Actuary - IA - Pricing page is loaded## Actuary - IA - Pricingremote type: Remote (USA)locations: Portland, OR: Remote, USA: Remote, ORtime type: Full timeposted on: Posted Yesterdayjob requisition id: REQ **The next part of your journey is right around the corner — with The Standard.**The Standard seeks a talented Pricing/Modeling Actuary to join our Individual Annuities team. This role will be a key part of the team that is responsible for pricing, rate setting, product development support, reinsurance, and ALM Strategies for the Individual Annuities division. This will be a highly visible role and will work in a dynamic environment to build effective networks across the department/division. Responsibilities of the role may expand depending on the level of the candidate, with opportunities for additional exposure to management, sales team, financial planning process, competitor analysis, corporate modeling, and/or financial reporting, etc.Key responsibilities may include:* Recommending new money and renewal rates for The Standard’s individual annuity products and being a spokesperson for the department’s rate-setting decisions, working inside and outside of the Individual Annuities division, and presenting results to executives* Analyzing new and existing product profitability and making strategic recommendations to optimize income and achieve growth goals. This involves asset allocation to cohorts of our business and monitoring inforce asset and liability characteristics by cohort* Assisting with the analysis of flow reinsurance as we build out the infrastructure of our first flow reinsurance transaction. Providing support during the execution reinsurance treaty. Working with corporate finance and accounting, corporate actuarial, deal team, and systems support to achieve successful implementation across various systems.* Working with investments team and corporate actuaries to ensure ALM strategy is appropriate for strategic goals.* Supporting product development process via prioritization of new ideas, risk and financial analysis, contract and regulatory filings, pricing, modeling (both assets and liabilities), application of accounting standards, implementation of operations and management reporting, as well as product roll-out and sales support.* Maintaining and improving existing AXIS pricing models. Assisting with operational and implementation capabilities as the product development process evolves.**\* Note: This role may be filled at any of the levels noted below based upon applicable experience and career path:****Associate Actuary III:** Applies understanding of both functional area and company risk profiles to complete risk-based analysis. Seeks out industry and professional information to enhance risk management acumen.**Actuary:** Demonstrates expertise in Company's risk profile, risk appetite and risk management practices. Obtains foundational understanding of industry risk management practices. Utilizes Company and industry practices to complete risk-based analysis and propose appropriate risk-based opportunities.**Senior Actuary:** Applies knowledge of broad industry practices and developments to advocate for risk-based opportunities within the Company’s risk appetite. Participates in professional or industry groups and applies expertise to further the Company's practices.**Skills & Background You'll Need:****Education:** Bachelor’s degree required**Certification:** Associate of The Society of Actuaries (ASA)(required). Fellow of the Society of Actuaries (FSA) (preferred)**Experience:*** Minimum of five years of progressively responsible actuarial experience -- annuities experience required, pricing & reinsurance experience are a plus.* Advanced to expert Excel skills (required)* Prior modeling experience (required) - GGY Axis experience (preferred)**Key Behaviors of a Successful Candidate:*** **Winning together:** Strong written and verbal communication skills with the ability to communicate and collaborate with various departments across the organization to meet business needs. Seeks out and encourages diverse perspectives; helps individuals relate to, understand, and accept other perspectives.* **Driving success:** Independently drives work forward and takes responsibility for achieving job requirements, tasks, and objectives. Uses data and analysis to provide strategic guidance in influencing management decision making.* **Customer Focus:** Develops positive internal and external stakeholder relationships by consistently and effectively delivering value.#LI-RemoteWe have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:* A rich benefits package including medical, dental, vision and a 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 — PTO increases with tenure* A supportive, responsive management approach and opportunities for career growth and advancement* Paid parental leave and adoption/surrogacy assistance* An employee giving program that double matches your donations to eligible nonprofits and schoolsIn addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about* *Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on a variety of factors including individual and organizational performance.*The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.Salary Range:$131,750.00 - $192,500.00Positions 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 Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, 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. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. 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 The Standard's 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 and employment, education and licensing verification as a condition of employment. After any conditional offer of employment is made, the background check will include an individualized assessment based on the applicant’s specific record and the duties and requirements of the specific job. Applicants will be provided an opportunity to explain and correct background information. All employees of The Standard must be bondable.The Standard is a family of companies dedicated to helping its customers achieve financial well-being and peace of mind. In business since 1906, we’re a leading provider of group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence#J-18808-Ljbffr