Actuarial Associate III - Individual Annuities

Actuarial Associate III

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.

Key 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

Experience:

• 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:

Driving success:
Independently drives work forward and takes responsibility for achieving job requirements, tasks, and objectives. Approaches business challenges from a broad perspective and anticipates and removes barriers to accomplish business objectives. Contributes actuarial, financial and industry expertise combined with unique product line knowledge and pursues exceptional results that take us "next level".

Improvement Mindset:
Acts independently to determine methods and procedures on new assignments. Plays a significant role as a resource/mentor to others in the actuarial career. Viewed as a key resource to the division and providing thought leadership in their key areas of responsibilities. Strives to exceed customer needs. Innovative, brings ideas to life, and seeks continuous improvement. Proactively identifies business issues and develops solutions to resolve them.

Approaches business challenges from a broad corporate perspective and assesses business recommendations from a strategic viewpoint.

Winning together:
Excellent communication skills and the ability to develop positive internal and external stakeholder relationships by consistently and effectively delivering value. Seeks out and encourages diverse perspectives; helps individuals relate to, understand, and accept other perspectives.

Adaptability:
Ability to take ambiguous tasks and align it to the working model of the team to ensure execution.

Salary Range: $94,500.00 - $