Actuary – Individual Annuities
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Job Description
Actuary/Model Owner role in Individual Annuities at The Standard, focusing on VM-22 implementation and actuarial modeling responsibilities. Collaborate across teams to enhance models for regulatory compliance.
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
- Demonstrates expertise in Company's risk profile, risk appetite and risk management practices to complete risk-based analysis and propose appropriate risk-based opportunities
Requirements:
- Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business, or a related field preferred
- ASA or FSA Designation required
- 5+ years of experience sufficient to have gained a seasoned actuarial business perspective required
- Prior modeling experience with GGY AXIS (preferred)
- 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
Benefits:
- 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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