Actuary, Voluntary Benefits

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 seeks a talented actuary to join the Voluntary Benefits Pricing Strategy team. In this role, you will focus on custom pricing and analysis for Elective Voluntary Benefits (EVB) products (including Accident, Critical Illness, Hospital Indemnity, Disability and Life Products). You will have the opportunity to work with senior actuaries and leaders across all actuarial teams as well as underwriting, sales, and finance.

The ideal candidate will possess 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:

• Large case custom pricing strategy, including review of quoting performance metrics.
• Provide thought leadership and support strategic initiatives by leading projects that improve pricing/underwriting accuracy, competitiveness and efficiency.
• Support business lines product development and pricing needs. Helping develop approaches to handle voluntary benefit strategies.
• Collaborate with various stakeholders to ensure pricing strategy success including sales, underwriting, compliance, and finance.
• Promote a culture of continuous improvement by identifying ways to enhance and streamline our processes.

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

• Actuary: 5+ years of experience sufficient to have gained a seasoned actuarial business perspective required. ASA or equivalent required. (The compensation range for this role is: $131,750 - $192,500.)
• Actuarial Associate III – 3+ years of experience sufficient to have gained a seasoned actuarial business perspective required. ASA or equivalent required. (The compensation range for this role is: $94,500.00 - $138,500.00)

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. (MBA or advanced degree a plus)

Certifications:

• ASA required

Experience:  

• Minimum 3 years hands-on experience in an actuarial role (required)
• Experience with creation of pricing strategy for large product lines in Supplemental Health, Disability, or Life products.(highly preferred)
• Advanced skills in Excel & VBA (required)
• Experience with SQL, Power BI (dashboard creation), & GGY Axis are a plus.
• Prior experience working with underwriting and sales teams preferred.

Key Behaviors of a Successful Candidate:

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.

Customer Focus: Strives to exceed customer expectations and plays a significant role as a resource/mentor to others within the actuarial community. Is viewed as a key resource to stakeholders across the organization and provides thought leadership in their key areas of responsibilities. 

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 space and is viewed as a key resource to stakeholders their key areas of responsibility. Thinks innovatively, bringing ideas to life and seeks continuous improvement to take us “next level”.

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.

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:

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.