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The Standard seeks a talented Pricing/Modeling Actuary to join our Individual Annuities team. This role will be a key part of the team that is responsible for pricing, rate setting, product development support, reinsurance, and ALM Strategies for the Individual Annuities division. This will be a highly visible role and will work in a dynamic environment to build effective networks across the department/division.
Job Responsibility:
Recommending new money and renewal rates for The Standard’s individual annuity products and being a spokesperson for the department’s rate-setting decisions
Analyzing new and existing product profitability and making strategic recommendations to optimize income and achieve growth goals
Assisting with the analysis of flow reinsurance
Working with investments team and corporate actuaries to ensure ALM strategy is appropriate for strategic goals
Supporting product development process
Maintaining and improving existing AXIS pricing models
Requirements:
Bachelor’s degree required
Associate of The Society of Actuaries (ASA) (required)
Minimum of five years of progressively responsible actuarial experience
annuities experience required
Advanced to expert Excel skills (required)
Prior modeling experience (required)
GGY Axis experience (preferred)
Fellow of the Society of Actuaries (FSA) (preferred)
pricing & reinsurance experience are a plus
Nice to have:
Fellow of the Society of Actuaries (FSA)
pricing & reinsurance experience
GGY Axis experience
What we offer:
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
Paid parental leave and adoption/surrogacy assistance
An employee giving program that double matches your donations to eligible nonprofits and schools