Senior Actuary/Actuary - Individual Annuities

Role Description

The Standard’s Individual Annuities division is currently looking to add a Sr. Actuary and Actuary/Model Owner to our team. Both roles will require hands-on actuarial modeling experience and will play a key role in driving our VM-22 implementation.

These roles are ideal for someone that enjoys building, enhancing, and owning actuarial models related to a high visibility regulatory function, and will be integral in developing and refining models, defining strategic asset allocations that optimize reserves, and partnering across valuation, pricing, FP&A, ALM, and investment management to ensure a robust, scalable VM-22 framework.

As part of this team, you will have opportunities to support other modeling initiatives in our near-term future state, potentially including strategic initiatives related to a Bermuda affiliate reinsurer. These are high impact individual contributor roles, with near term leadership opportunities.

Key Responsibilities

• Owning the development and enhancement of AXIS models and processes supporting VM-22 valuation and communicating results to senior management.
• Design and implementation of model improvements, including structure, assumptions, and runtime optimization.
• Leading methodology decisions related to VM-22 interpretation and implementation and driving model governance (change management, controls, validation readiness).
• Partnering with valuation, pricing, FP&A, and investment management to ensure consistency and usability of results.
• Analyzing model output to identify drivers, limitations, and opportunities for improving model performance and scalability (automation, workflow, cloud integration where applicable).
• Staying current on VM-22 regulatory developments and translating into model changes.
• Provide mentorship and project leadership to core VM-22 team as well as partner organizations.

Qualifications

• Education: Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred.
• Certification: ASA or FSA Designation required (see below qualifications for each role).
• Experience: 5+ years of experience sufficient to have gained a seasoned actuarial business perspective required.
• Prior modeling experience with GGY AXIS (required).
• Hands-on experience with Individual annuities (required).
• Asset modeling and Asset Liability Management (ALM) experience (strongly preferred).
• Projection and Valuation modeling experience (CFT, LDTI MRB, VM-20, or VM-21) (preferred).
• Strong analytical skills, attention to detail, and the ability to own and explain reserve movements.

Requirements

• 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. ASA Required. (The compensation range for this role is: $131,750 - $192,500.)
• 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. FSA Required. (The compensation range for this role is: $137,000 - $200,750.)

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.