Actuarial Associate III - Individual Annuities

Responsibilities

• Applies understanding of functional area to complete risk-based analysis used in the development and enhancement of AXIS models and processes supporting VM-22 valuation and communicating results.
• Design and implementation of model improvements, including structure, assumptions, and runtime optimization.
• VM-22 interpretation and implementation to drive 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
• Partners with the core VM-22 team as well as other members of the actuarial community of practice.
• 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 designation required

Requirements

• 3+ 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:
• Adaptability: Ability to take ambiguous tasks and align it to the working model of the team to ensure execution.
• #LI-Remote
• 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 comp

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 an Actuarial Associate III to our team. This role requires hands-on actuarial modeling experience and will play a key role in driving our VM-22 implementation. This role is ideal for someone that enjoys building, enhancing, and owning actuarial models related to a high visibility regulatory function, and will be involved 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.

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