Sr. Director, Actuary - IA Financial Reporting

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?

As the Sr. Director, Individual Annuities team, you’ll have direct responsibility for key aspects of Individual Annuities (IA) actuarial operations including financial reporting, valuation, financial planning, strategy support, operational support, and ad-hoc research projects.  This role will lead a team of onshore and offshore credentialed actuaries and actuarial students.  

You’ll put your strategic thinking to work as you drive our financial planning and strategy projections, reflecting reinsurance impacts, incorporating new products, and performing sensitivity analysis.  In addition to managing our FP&A function, this role will require oversight of our financial close, including all relevant analysis, controls, and governance.  This role is key to ensuring the integrity of both GAAP and Statutory financial results.  You’ll partner with key stakeholders including IA’s Division Head, Sales and Marketing team, Pricing and Rate Setting team, Operations, Corporate Actuarial and Finance leadership, and IT.  This role provides a unique opportunity to drive business results as IA continues to grow its product suite and distribution footprint. 

Key responsibilities include:

• Providing formal leadership and thought leadership for the division and 9 onshore and offshore team members while championing cross training and process documentation of each product’s reporting processes.  
• Driving VM22 implementation, including overseeing modeling implementation, roadmap, and governance framework.
• Overseeing IA’s financial planning process, coordinating updates with partners, and ensuring clear and effective communication for key stakeholders, including senior leadership and corporate partners.
• Supporting strategy projections, enterprise capital strategy, and investment strategy analysis, as well as supervising annual model assumption updates and related experience studies.
• Facilitating reinsurance analysis to support sales growth, profitability, capital efficiency, and distribution footprint expansion.
• Driving efficient use of offshore teams for routine financial reporting processes and ad-hoc business support activities.

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 is preferred.
• FSA designation required

Experience:

• Eight or more years of actuarial experience with increasing levels of responsibility.
• Proven experience in the overall management and technical oversight of senior actuarial individual contributors and/or teams of actuarial staff and driving actuarial team performance to defined business objectives.
• Prior experience and solid understanding of regulatory issues and applicability to the division and ongoing monitoring & tracking of the dynamic environment in the industry.
• Experience with fixed / indexed individual rate setting.
• Strong technical background including depth in risk analysis and assessment, valuation, planning, actuarial modeling (AXIS experience strongly preferred), and strong technical communication skills. 

Expected Behaviors of a Successful Candidate:

Winning Together: Excellent verbal and written communication skills with the ability to build strong relationships within the team and across the organization. Works collaboratively across the organization to accomplish common business goals. Effectively collaborates and communicates with a wide range of non-technical stakeholders and is able to translate complex ideas into easily understandable concepts.

Driving Success: Proactively identifies business issues and develops practical solutions to resolve those issues. Subject matter expert with the ability to develop and execute on cross-functional strategic plans. Adept at negotiating and influencing senior management decision making.

Strategic Visioning: Proactively identifies opportunities to enhance reporting efficiency, strengthen controls, and improve actuarial models and processes that support organizational goals. Leads evaluation and solutioning efforts for complex group or function-wide initiatives.

Improvement Mindset: Deep understanding of actuarial, financial, and industry expertise combined with unique product line knowledge and the ability to design and implement strategies to improve organizational effectiveness.

Developing People: Provides coaching, mentoring and development opportunities for individual team members and fosters a team culture focused on collaboration, accountability, and continuous improvement. Cultivates professionalism by encouraging collaboration with colleagues, ownership of results, and implementation of innovative technical solutions.

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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.