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Sr. Actuary/Actuary - Capital and ALM

Remote · Sweden Full-time

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: As Sr. Actuary/Actuary on the Capital Analytics and ALM team, you will be part of a highly effective team that is responsible for managing the ALM framework and statutory capital analytics and strategy at the Standard. You will have the opportunity to work with senior actuaries and leaders across all actuarial teams as well as finance, investments, and accounting. We are looking for an actuary with a strategic mindset and collaborative approach to working with their team. We value a team approach to thought leadership and are looking for someone ready to play both a support role and driver of our core functions:

  • ALM framework including managing interest rate, liquidity, and credit risk.
  • Capital Strategy including the quarterly review of RBC position, scenario analysis, and projection of capital position.
  • Short-term investment income forecasting, liquidity risk management, and short-term capital forecasting as part of the Financial Plan.
  • Hedging program for interest rate risk including development of new strategies to support evolving business line needs.
  • Provide thought leadership and support strategic initiatives by leading projects that improve ALM and capital-related analytics, tools, and governance.
  • Support business lines product development and pricing needs. Helping develop approaches to handle ALM, capital, and asset strategies.

Note: These roles may be filled at the levels noted below based upon applicable experience and career path:

  • 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 or equivalent required. (The compensation range for this role is: $137,000 - $200,750.)
  • 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 or equivalent required. (The compensation range for this role is: $131,750 - $192,500.)

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 preferred. Certifications:

  • ASA or FSA required depending on level of role noted above.
  • CFA or CERA (a plus)

Experience:

  • Minimum 4 years of experience in a Corporate, Life, Disability, or Annuity actuarial team sufficient to have gained a seasoned actuarial business perspective required.
  • Demonstrated senior individual contributor experience in ALM, Capital, finance, or investments (a plus).
  • Hands-on experience designing and applying ALM strategies to solve business line and enterprise problems (a plus)
  • Prior experience with hedging programs and strategic asset allocation efforts (a plus).
  • U.S. statutory capital experience in projections and scenario creation (a plus).

Key Behaviors of a Successful Candidate: Driving Success: Models strong creativity, resolve, and a growth mindset when responding to setbacks, obstacles, or adversity. Serves as a lead on key projects and initiatives and sets goals that inspire others; demonstrates a high level of ambition to achieve outstanding results. Customer Focus: Regularly exceeds internal customer expectations, asks and incorporates feedback weighing competing strategic goals and priorities. Improvement Mindset: Acts independently to determine methods and procedures on new assignments. Serves a significant role as a resource/mentor to others in the actuarial career and is viewed as a key resource to the division and providing leadership in their key areas of responsibility. Thinks innovatively, bringing ideas to life and seeks continuous improvement. Winning together: Excellent communication skills and the ability to develop positive internal and external stakeholder relationships by consistently and effectively delivering value while managing projects, working with stakeholders and resolving conflicts. Provides coaching and learning guidance to less experienced student actuaries as a mentor that leads without formal leadership responsibilities. Adaptability: Ability to take ambiguous tasks and align it to the working model of the team to ensure execution. Monitors developments in actuarial techniques, standards, assumptions, legal and regulatory environments; reviews and recommends changes to company policy and practices accordingly. 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: $137,000.00 - $200,750.00 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.

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