Actuary - RP Modeling

The next part of your journey is right around the corner — with The Standard.

A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. Are you ready to make a difference?

Job Summary:

The Standard seeks a talented actuary to join our Retirement Plan (RP) projection modeling team. This role has a strong focus on ad-hoc and what-if analyses, new business model development, and strategic business initiatives. You will partner closely with modeling leaders and stakeholders to evaluate emerging opportunities, develop new modeling capabilities, and provide actuarial insights that support business growth, profitability analysis, risk management, and decision making.

Key Responsibilities:

• Support Retirement Plan (RP) projection modeling, including recurring projections, model enhancements, and actuarial analyses.
• Develop and maintain GGY AXIS models to support financial reporting, risk management, business planning, and strategic initiatives.
• Lead model development efforts for new business opportunities, product enhancements, and evolving regulatory requirements.
• Perform complex or innovative ad-hoc analyses and communicate actionable insights to Product Line, Finance, Risk Management, and senior leadership.
• Serve as a steward for assigned models by ensuring appropriate governance, testing, documentation, and control standards.
• Support ALM, Cash Flow Testing (CFT), Effective Duration, and other projection-based risk and profitability analyses.

Skills and Background You’ll Need:

Education: Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field required

Certification: ASA designation required; FSA preferred.

Experience:

• 5+ years of actuarial experience with demonstrated expertise in actuarial projection modeling.
• Developing and maintaining projection models supporting Retirement Plans, Individual Annuities, or similar long-duration insurance products.
• Understanding of Asset Liability Management (ALM), Cash Flow Testing (CFT), projection-based risk analysis, and Retirement Plan or Individual Annuity products.
• Prior experience supporting new business initiatives, model development, and complex ad-hoc actuarial analyses.
• Ability to translate business questions into modeling solutions and communicate results to both technical and non-technical audiences.

Skills:

• Strong hands-on GGY AXIS experience (required)
• Advanced skills in Excel (required)
• Python, Power BI, VBA experience (preferred)

Key Behaviors of a Successful Candidate:

Driving Success: Has broad actuarial knowledge and uses those skills to contribute to the achievement of team & company goals. Works on significant and complex issues where analysis of situations requires evaluation of quantitative, qualitative, forward-looking, and organizational factors.

Winning Together: Excellent verbal and written communication skills with the ability to build trust and effective partnerships with the team and stakeholders across the organization. Fosters teamwork, maximizes efficiencies, and works to promote collaboration and to deliver exceptional customer experiences. Provides coaching and learning guidance to less experienced student actuaries as a mentor that leads without formal leadership responsibilities.

Improvement Mindset: Acts independently to determine methods and procedures on new assignments. Thinks innovatively and brings ideas to life, while seeking continuous improvement. Proactively identifies business issues and develops solutions to resolve them. Approaches business challenges from a broad corporate perspective and assesses business recommendations from a strategic viewpoint.

Customer Focus: Strives to exceed customer needs and plays a significant role as a resource/mentor to others within the actuarial community. Is viewed as a key resource to stakeholders across the organization and provides thought leadership in their key areas of responsibilities.

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Why Join The Standard?

We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:

• 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

In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on a variety of factors including individual and organizational performance.

The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.

Salary Range:

$131,750.00 - $192,500.00

Positions will be posted for at least 5 days from original posting date.

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability or veteran status or any other condition protected by federal, state or local law. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. The Standard offers a drug- and alcohol-free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on The Standard's property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation and employment, education and licensing verification as a condition of employment. After any conditional offer of employment is made, the background check will include an individualized assessment based on the applicant’s specific record and the duties and requirements of the specific job. Applicants will be provided an opportunity to explain and correct background information. All employees of The Standard must be bondable.