INTRODUCTION

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 is seeking a talented actuary to join the Asset Modeling Team within Corporate Actuarial and Risk Management (CARM). In this role, you will support the development, maintenance, and production of asset models used in asset-liability management (ALM), cash flow testing, regulatory reporting, and enterprise risk management activities.

You will work with a broad range of asset classes, including corporate bonds, structured securities, commercial mortgages, derivatives, and alternative investments, while developing an understanding of how interest rates, credit spreads, and market conditions impact asset values, financial results, and the company's risk profile.

Responsibilities include asset modeling, economic scenario generation and analysis, reporting, model governance, and process automation. You will gain experience with GGY AXIS, Moody’s Scenario Generator, Python, SQL, Power BI, and other actuarial and analytical tools while collaborating closely with actuarial modeling, ALM, governance, and reporting teams across the organization.

This role provides a unique opportunity to develop technical actuarial expertise, gain insight into investment and risk management practices, contribute to process improvements and automation initiatives, and support analyses that help ensure the company can meet its long-term obligations to policyholders.

PRINCIPAL DUTIES & RESPONSIBILITIES

• Own assigned asset modeling processes and models, including production execution, analysis, validation, documentation, and ongoing maintenance.
• Support the production, validation, and analysis of asset models used in asset-liability management (ALM), cash flow testing, regulatory reporting, and enterprise risk management activities.
• Develop, maintain, and enhance asset modeling capabilities within GGY AXIS and related platforms, including the analysis of corporate bonds, commercial mortgages, structured securities, derivatives, and alternative investments.
• Generate, validate, and analyze economic scenarios and interest rate sensitivity measures, including key rate duration analyses, to assess asset and portfolio risk exposures.
• Review model output, investigate results, and communicate key findings while collaborating with actuarial modeling, ALM, governance, and reporting teams across the organization.
• Identify opportunities to improve efficiency, transparency, and controls through process automation, analytical tool development, model enhancements, and methodology improvements using Python, SQL, Power BI, and related technologies.

Acceptance of a position in this job family constitutes participation in the Actuarial Student Program at The Standard. The mission of the Actuarial Student Program is to grow actuarial knowledge, business acumen and leadership skills in our Actuaries to enable the achievement of organizational goals. Actuarial students are expected to progress through the levels of the job family based on academic/exam achievements and by developing their analytical skills, independent decision making, and effective communication and leadership skills.

Your studies will be supported through our actuarial student development program. Actuarial students are expected to complete exams and other coursework that are required for Associate and/or Fellow designations through the Society of Actuaries. This position is part of our student rotation program, meaning you will rotate to an actuarial role in one of our three other distinct product lines or to our corporate actuarial department.

BASIC QUALIFICATIONS

Education: Bachelor’s degree in mathematics, statistics, actuarial science, business, related fields, or comparable work experience required

Experience:

• Minimum 2 years of actuarial experience, or equivalent combination of actuarial work experience and internships.
• Successful completion of 3 or more actuarial exams.
• Experience working with large datasets and maintaining, enhancing, validating, & analyzing actuarial, financial, or quantitative models.
• Exposure to life insurance, asset modeling, ALM, financial reporting, or risk management concepts (preferred)

Skills:

• Intermediate to advanced Excel skills
• Modeling experience (GGY AXIS preferred)
• Dashboarding and data visualization (Power BI preferred)
• Proficiency in Python and SQL for analytical and automation applications
• Ability to review model output, identify key drivers, and evaluate reasonableness of results

KEY BEHAVIORS OF A SUCCESSFUL CANDIDATE

Winning together: Excellent verbal and written communication skills with the ability to build relationships with team members and key stakeholders across the organization. Actively participates in cross-functional initiatives with a low-ego, team-oriented and collaborative approach to enhance subject matter expertise while contributing to project success.

Customer Focus: Ability to work with stakeholders across the organization. Anticipates customer needs and responds with sensitivity to deadlines and time constraints while managing multiple priorities.

Improvement Mindset: Continuous learner - actively seeks out learning opportunities and demonstrates intellectual curiosity regarding the story behind the numbers. Ability to translate complex concepts into meaningful and actionable information to improve existing processes. Strong analytical, conceptual, and critical thinking skills with a solutions-oriented mindset to help drive results “next level.”

Adaptability: Thrives in a fast-paced environment and responds effectively to evolving business priorities. Utilizes creative problem-solving techniques to address new circumstances and presents solutions. Demonstrated willingness to learn new skills and accept feedback.

LOCATION

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:

$82,250.00 - $120,750.00

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.