Sr. Actuary/Actuary - Individual Annuities

Responsibilities

• Owning the development and enhancement of AXIS models and processes supporting VM-22 valuation and communicating results to senior management.
• Design and implementation of model improvements, including structure, assumptions, and runtime optimization.
• Leading methodology decisions related to VM-22 interpretation and implementation and driving model governance (change management, controls, validation readiness).
• Partnering with valuation, pricing, FP&A, and investment management to ensure consistency and usability of results.
• Analyzing model output to identify drivers, limitations, and opportunities for improving model performance and scalability (automation, workflow, cloud integration where applicable)
• Staying current on VM-22 regulatory developments and translating into model changes
• Provide mentorship and project leadership to core VM-22 team as well as partner organizations
• Note: These roles may be filled at the levels noted below based upon applicable experience and career path:
• 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.
• Certification:
• ASA or FSA Designation required (see below qualifications for each role.)

Requirements

• 5+ years of experience sufficient to have gained a seasoned actuarial business perspective required.
• Prior modeling experience with GGY AXIS (required).
• Hands-on experience with Individual annuities (required.
• Asset modeling and Asset Liability Management (ALM) experience (strongly preferred).
• Projection and Valuation modeling experience (CFT, LDTI MRB, VM-20, or VM-21) (preferred).
• Strong analytical skills, attention to detail, and the ability to own and explain reserve movements.
• Key Behaviors of a Successful Candidate:

Benefits

Additional Information

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's Individual Annuities division is currently looking to add a Sr. Actuary and Actuary/Model Owner to our team. Both roles will require hands-on actuarial modeling experience and will play a key role in driving our VM-22 implementation. These roles are ideal for someone that enjoys building, enhancing, and owning actuarial models related to a high visibility regulatory function, and will be integral in developing and refining models, defining strategic asset allocations that optimize reserves, and partnering across valuation, pricing, FP&A, ALM, and investment management to ensure a robust, scalable VM-22 framework. As part of this team, you will have opportunities to support other modeling initiatives in our near-term future state, potentially including strategic initiatives related to a Bermuda affiliate reinsurer. These are high impact individual contributor roles, with near term leadership opportunities.

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