Actuarial Analyst II

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 Actuarial Analyst supports ceded reinsurance operations for Employee Benefits, including Long Term Disability, Group Life, and AD&D. This role is responsible for monthly claims valuation, reinsurance billing, reimbursement tracking, and financial reporting. The Analyst reviews data for accuracy, applies reinsurance treaty provisions, investigates discrepancies, and supports automated workflows. This position also partners with actuarial, accounting, and other teams to support reporting, process improvements, and business needs.

Key Responsibilities

• Execute monthly ceded claims valuations and apply reinsurance treaty provisions to claims and reserves.
• Prepare and review reinsurance billing, adjustments, and supporting documentation.
• Track reimbursements, reconcile payments, and investigate outstanding or disputed items.
• Validate data, maintain treaty information, and monitor automated processes and reporting.
• Support testing, audits, documentation, actuarial requests, and continuous process improvement.

Skills and Background You'll Need

Education: Associate's degree required; bachelor's degree preferred.

Experience: Minimum of 2 years of relevant experience or an equivalent combination of education and experience.

• Proficiency in Microsoft Excel and experience working with data, calculation systems, or reporting tools.

• Strong analytical and problem-solving skills with excellent attention to detail.

• Ability to investigate discrepancies, reconcile data, and interpret business rules or contract provisions.

• Comfortable working with automated processes and technical tools; experience with Databricks, SAS, SQL, Python, VBA, or Azure DevOps is a plus.

• Strong organizational skills with the ability to manage multiple priorities and deadlines.

• Effective communication and relationship-building skills with internal and external stakeholders.

Key Behaviors of a Successful Candidate

• Driving Success: Acts with urgency, pursues ambitious goals and shows resilience in the face of obstacles and setbacks.
• Improvement Mindset: Continually seeks new ways to create business/ customer value by identifying and implementing opportunities for improved efficiency, effectiveness and innovation.
• Winning Together: Actively engages colleagues to achieve shared outcomes by developing trust, inviting diverse perspectives and pushing to bring the best ideas forward.

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:
$66,000.00 - $96,250.00

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.