Assistant Vice President, Actuary - Life, Absence & Disability (LAD) Pricing

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


In this highly visible and influential role, you will have responsibility to lead our group pricing function for our Employee Benefits Life, Absence and Disability $4b block of business. You will play a key role in growing profits through strategic pricing decisions, industry insights, superior analytics and innovative solutions. You'll leverage your business and strategic expertise to drive profitable growth in a disciplined and long-term approach. Working closely with Sales, Underwriting, and Corporate Actuarial leadership, you will develop and execute pricing philosophy, strategy and tactical actions to achieve long term business objectives. In addition to Pricing, you will oversee reinsurance for our group benefit products to facilitate and maintain appropriate levels of risk retention. You'll also support product development in partnership with other key stakeholder groups.

• Employees in this role are eligible for fully remote work (other than periodic in-person meetings or other periodic business travel.
  
  

• Occasional travel only (such as for planning purposes, team building, or conferences) may be required.
  
  
  
  

Skills and Background You'll Need

• Bachelor's degree required. Advanced degree a plus.
  
  

• Fellow of the Society of Actuaries (FSA) or equivalent non-US actuarial credential.
  
  

• Develop actuarial strategies to support profitable growth. Partner with Sales and Underwriting to drive sales, customer retention and cross sell.
  
  

• At least 10 years of post-fellowship experience with significant leadership experience in the group benefits pricing area including Group Life, Short-Term Disability (STD) and Long-Term Disability (LTD), Group Paid Family and Medical Leave (PFML), and Group Dental and Vision experience.
  
  

• Oversee the development of pricing strategies for LAD products to ensure competitive pricing and achieve profitability targets. Ensure compliance with regulatory requirements and industry standards. Drive risk management with Underwriting and develop reinsurance partnerships.
  
  

• Foster a culture of high performance and continuous improvement. Provide mentorship and coaching to team members, promoting ongoing 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.
  
  
  
  

Key Behaviors of a Successful Candidate

• Strategic Visioning: Uses market data and knowledge of business models to develop new strategies, connect goals to enterprise vision, and identify criteria to measure success.
  
  

• Engaging Hearts & Minds: Empowers teams to form partnerships and motivates them to succeed through collaboration and cohesion.
  
  

• Driving Success: Champions a result-oriented culture that views challenges as an opportunity to achieve greater growth by creating a compelling vision, implementing strategy-aligned goals, and executing with a sense of urgency.
  
  

#LI-Remote

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:
$187,750.00 - $317,250.00

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.