Director and Actuary (ERM Governance) Job at The Standard (Portland)

Job Description

As Director and Actuary within the Enterprise Risk Management (ERM) and Governance team in Corporate Actuarial and Risk Management (CARM), you’ll play a key role on important initiatives for the company and the actuarial practice as a whole. You will lead a team of credentialed actuaries and have direct responsibility for key aspects of actuarial and product governance including model governance and assumption governance, development of corporate risk management policies and procedures, and supporting business units with product development, pricing and other actuarial functions.

Job Responsibility

Play a key role on important initiatives for the company and the actuarial practice as a whole
Lead a team of credentialed actuaries
Have direct responsibility for key aspects of actuarial and product governance including model governance and assumption governance, development of corporate risk management policies and procedures, and supporting business units with product development, pricing and other actuarial functions
Interface with our four main product lines, and with colleagues within the broader CARM team including ALM, Actuarial Modeling and Actuarial Transformation
Prepare reports for and occasionally deliver presentations to the Chief Actuary, Chief Risk Officer, Chief Financial Officer, and other top executives throughout the company
Play an integral role in the broader actuarial community, leading committees, events, and initiatives
Approach business challenges from a broad corporate perspective and anticipate and remove barriers to accomplish business objectives

Requirements

Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred
Fellow of the Society of Actuaries (FSA) or equivalent international designation (strongly preferred)
Ten or more years of experience in the actuarial domain or insurance industry environment
Experience with actuarial modeling, M&A, LDTI, asset adequacy testing and valuation (highly preferred)
Responsible for the overall management and technical oversight of both junior and senior actuarial staff
Routinely provides counsel to the Top Actuarial Executive within the Product Group/Line of Business, or Market Segment, and to the analysis within their area of domain expertise
Demonstrated success leading complex, cross-functional initiatives with enterprise impact and developing and executing on business needs within the actuarial function
Experience working on significant and complex issues where analysis of situations requires evaluation of quantitative, qualitative, forward looking and organizational factors
Understanding of insurance product dynamics, ideally across retirement, annuities, life, employee benefits and disability insurance (highly preferred)

What we offer

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

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Director and Actuary (ERM Governance)

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