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The Standard · 4 hours ago

Actuarial Associate III – CARM/CAALM

United States

Full-time

Remote

Mid Level

$94K/yr - $138K/yr

The Standard is dedicated to making a difference in the lives of others with a customer-first mindset. They are seeking a talented actuary to join their Capital Analytics & ALM team, focusing on economic risk and capital metrics while collaborating with various departments to support business needs.

FinanceFinancial ServicesInsurance

Work & Life Balance

Responsibilities

Extract, analyze and prepare data for use in actuarial analysis. Analyze, interpret, and present numerical data related to fair values, risk measurements, and other actuarial analyses to internal stakeholders across the organization

Communicate and collaborate with various departments across the organization to meet business needs, including process improvement initiatives, coordination of capital methodology with emerging industry & enterprise standards, and providing theory behind capital calculations

Prepare ongoing calculations, reporting and explanation of risk capital for individual business units as well as whole company level

Gather, analyze and develop strong understanding of profitability, growth, ALM requirements, risk, customer retention, and expense trends, utilizing company, industry and capital market data as necessary. Create and maintain models used in the analysis of risk management, income projection and regulatory requirements. Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies. Support the development of a risk-based return framework using data and analysis to provide strategic guidance in influencing management decision making

Acts as a subject matter expert and interacts frequently with senior department managers or other senior actuarial personnel. Ability to communicate with non-technical audiences, providing consultation and clarification on actuarial models and risk issues. Ability to influence management towards courses of action which may have potentially sizeable impacts on products, markets, underwriting, pricing, risk management, and profitability

Prepare for and pass actuarial exams and maintain continuing education requirements

Qualification

ASA designationAdvanced analytical skillsExcelPythonPower BIGGY AxisDataikuActuarial capacityRetirement products experienceIndividual annuity products experienceCommunication skillsCollaboration skills

Required

Bachelor's degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred

ASA designation, or equivalent, required

Demonstrated experience in an actuarial capacity

Advanced analytical skills combined with creative actuarial knowledge to maximize profit and growth through data analysis, forecasting, and solid understanding of the business area of specialization

Ability to determine appropriate methods and procedures for projects with limited guidance while anticipating stakeholder needs and takes initiative to address business challenges

Prior experience directing multiple complex cross-functional projects simultaneously, while also managing aspects of large and complex initiatives

Prepare for and pass actuarial exams and maintain continuing education requirements

Preferred

Prior experience with retirement products & individual annuity products preferred; capital experience is a plus

Excel, Power BI, GGY Axis, Python, Dataiku or other modeling software highly preferred

Benefits

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 schools

Company

The Standard

Glassdoor3.8

The Standard is a leading provider of workplace benefits including group and individual disability insurance, group life and accidental death and dismemberment insurance, group dental and vision insurance, group accident, critical illness and hospital indemnity insurance, paid family leave and absence management services, retirement plans services and individual annuities.

Founded in 1906