Actuarial Associate I-II

6 days ago

🌲 Oregon – Remote

Although this job is listed in Oregon, this company may be open to hiring remote in other states.

💵 $80.3k - $117.8k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

📊 Actuary

Apply Now

Receive Emails with Similar Jobs

The Standard

WebsiteLinkedInAll Job Openings

The Standard is a comprehensive provider of insurance, retirement, and investment products and services, targeting individuals, families, businesses, and organizations. Based in Portland, Oregon, and part of the StanCorp Financial Group, Inc. , The Standard offers products such as life and disability insurance, annuities, vision and dental coverage, and retirement plans. Their solutions aim to facilitate financial wellness and enable effective benefits administration, catering to clients of all sizes. The company is renowned for its people-first commitment and innovative partnerships, contributing to a seamless customer experience.

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

• Acceptance to a position in this job family constitutes participation in the Actuarial Student Program at The Standard • The mission of the Actuarial Student Program is to grow actuarial knowledge, business acumen and leadership skills in our Actuaries to enable the achievement of organizational goals • Valuation: Calculate reserves and liabilities in accordance with regulatory requirements and applicable actuarial and accounting standards • Review and maintain actuarial assumptions relevant to area of practice (e.g. mortality, morbidity, valuation interest rates), adhering to actuarial and industry standards • Test the adequacy of reserves and formulate recommendations on reserve adequacy/methodology or liability funding requirements to management • Gather, analyze and develop strong understanding of profitability, growth, ALM requirements, risk, customer retention, and expense trends • Create and maintain models used in the analysis of ALM, risk management, income projection and regulatory requirements • Communicate findings to management and provide quantitative knowledge for business/investment/financial strategies • Prepare the actuarial portion of financial statements following GAAP, statutory or tax reporting principles • Analyze financial results of the corporation/division and identify drivers of earnings trends • Research complex regulatory issues, determine applicability to situation, and design effective methods to implement required procedures • Extract, analyze and prepare data for use in actuarial modeling • Analyze, interpret and present numerical data related to pricing, reserves and other actuarial analysis • Run, maintain and understand actuarial software and applications • Design, implement and maintain open-source code applications for use in the analysis of financial risks • Communicate and collaborate with various departments across the organization to meet business needs • Prepare for and pass actuarial exams and maintain continuing education requirements

🎯 Requirements

• Bachelor’s degree (or equivalent combination of education and experience) in mathematics, actuarial science, business or a related field preferred • Demonstrated experience in an actuarial capacity required (0-1 yr.) • Successful completion of one (or more) actuarial exams/online courses

🏖️ 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!