[Remote] Actuarial Associate III – CARM/CAALM

Note: The job is a remote job and is open to candidates in USA. The Standard is a company dedicated to making a difference in the lives of others, focusing on financial stability and innovative technologies. They are seeking a talented actuary to join their Capital Analytics & ALM team, where the role involves analyzing economic risks and capital metrics, collaborating with various departments, and educating stakeholders on risk interpretation.

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.

Skills

• 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. (i.e. insurance markets, competitive climate, regulatory market). Prior experience conducting complex analysis and providing recommendations on impactful strategies for risk management.
• 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.
• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field 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 Overview

• 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. It was founded in 1906, and is headquartered in Portland, Oregon, USA, with a workforce of 5001-10000 employees. Its website is https://www.standard.com.

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