2nd Vice President, Actuary - Actuarial Governance & ERM

5 days ago

Apply Now

Receive Emails with Similar Jobs

The Standard

WebsiteLinkedInAll Job Openings

Group and individual disability insurance • Group life insurance • AD&D, vision and dental insurance • retirement plans products and services • individual annuities and investment advice.

1001 - 5000 employees

Founded 1906

💸 Finance

👥 HR Tech

Description

• Responsible for establishing and enforcing risk policies, metrics and tolerances. • Actuarial governance standards for assumptions, models, pricing and valuation. • Overseeing the organization’s Actuarial Governance function. • Leading the development and implementation of the organization’s Enterprise Risk Management (ERM) framework. • Occasional travel may be required for planning purposes, team building, or conferences.

Requirements

• 10+ years of experience in risk management, actuarial governance, or a related field with a focus on regulatory compliance and enterprise risk in the insurance industry. • Strong demonstrated people leadership including leadership of other people leaders. • Minimum bachelor’s degree in related field & professional licensure or certification: Fellow of the Society of Actuaries (FSA) or equivalent international designation, with additional financial or risk management credentials a plus (e.g., CFA, PRM, CRM, CERA, etc.). • Strategy development and execution through team engagement and empowerment. • Promulgate the organization’s risk appetite and establish and enforce consistent risk policies aligned with organizational goals, in coordination with ERM and regulatory requirements. • Oversee statutory certifications, compliance reports, and coordinate Cash Flow Testing (CFT) to meet regulatory standards, including orphaned business reporting. • Direct the review and approval process for actuarial assumptions, model governance, valuation and pricing oversight, and reinsurance governance, ensuring compliance with industry and regulatory standards. • Develop ERM policies, risk monitoring frameworks, and reporting standards, supporting proactive risk identification, assessment, and mitigation across financial and non-financial risks. • Consult on enterprise risks (both financial and non-financial) and oversee the establishment and monitoring of ERM metrics and targets. • Manage the development and maintenance of ERM dashboards, ensuring risk metrics are accurately represented, timely, actionable, and aligned with organizational goals. • Lead the Own Risk and Solvency Assessment (ORSA) process and oversee regulatory filings, including Form F and other reporting requirements. • Direct the second line of defense review for the Economic Solvency Ratio under the JFSA’s solvency framework and assume responsibility for ESR verification, supporting regulatory compliance.

Benefits

• A rich benefits package including a 401(k) plan with matching company contributions. • An annual incentive bonus plan. • Generous paid time off. • A supportive and responsive management approach. • Opportunities for career growth and advancement. • Paid time off to volunteer. • An employee giving program that double matches your donations to eligible nonprofits and schools. • Much more!