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The Standard · 15 hours ago

Actuary - IA - Pricing

Portland, OR

Full-time

Onsite

Mid, Senior Level

$132K/yr - $192K/yr

5+ years exp

The Standard is a company focused on making a difference in the lives of others through a customer-first mindset and innovative technologies. They are seeking a Pricing/Modeling Actuary to join their Individual Annuities team, responsible for pricing, rate setting, product development support, and ALM Strategies. This role involves collaborating with various departments and providing strategic insights to optimize product profitability and growth.

FinanceFinancial ServicesInsurance

Work & Life Balance

Responsibilities

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

Qualification

Actuarial SciencePricing ModelsReinsuranceALM StrategiesExcelGGY AxisCommunication SkillsCollaborationCustomer Focus

Required

Bachelor's degree

Associate of The Society of Actuaries (ASA)

Minimum of five years of progressively responsible actuarial experience -- annuities experience required, pricing & reinsurance experience are a plus

Advanced to expert Excel skills

Prior modeling experience

Preferred

Fellow of the Society of Actuaries (FSA)

GGY Axis experience

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

Portland, Oregon, USA

5001-10000 employees