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The Standard · 1 day ago

Vice President, Actuary - Life, Absence and Disability Benefits (LAD)

United States

Full-time

Remote

Senior Level

$211K/yr - $358K/yr

The Standard is a company focused on making a difference in the lives of others through strong customer relationships and innovative technologies. The Vice President, LAD Actuary is responsible for actuarial leadership and profit management of the Life, Absence, and Disability business, overseeing pricing, reserving, profitability analysis, and financial reporting.

FinanceFinancial ServicesInsurance

Work & Life Balance

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

Qualification

Actuarial StrategiesPricing StrategiesFinancial ReportingFinancial PlanningM&A AssessmentLeadershipStrategic VisioningEngaging Hearts & MindsDriving Success

Required

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

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

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