The Standard

Vice President, Actuary – Life, Absence and Disability Benefits

The Standard

full-time

Posted on:

Location Type: Remote

Location: Oregon • United States

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Salary

💰 $280,000 - $350,000 per year

Job Level

Lead

About the role

  • The Vice President, LAD Actuary is accountable for the actuarial leadership and profit management of The Standard’s $4 billion Life, Absence and Disability business
  • This role owns pricing, reserving, profitability analysis, actuarial strategy, financial reporting, and planning
  • This role partners closely with Underwriting and Sales to drive profitable growth while maintaining disciplined risk management
  • The VP LAD Actuary serves as key strategic and financial advisor on growth strategies, M&A, market expansion, and member of LAD Executive team to drive best in class profit management, product/service delivery, customer experience and market leadership
  • Employees in this role are eligible for fully remote work
  • Occasional travel only (such as for planning purposes, team building, or conferences) may be required

Requirements

  • Actuarial Strategies: Develop actuarial strategies to support profitable growth
  • Partner with Sales and Underwriting to drive sales, customer retention and cross sell
  • Integrate actuarial insights into business strategies and collaborate effectively with LAD Executive team to achieve profitable growth and competitive advantage
  • Elevate the Actuarial function as a strategic partner across the Enterprise
  • Pricing, Reserving & Risk Management: Oversee the development of pricing strategies for LAD products to ensure competitive pricing and achieve profitability targets
  • Manage the reserving process to ensure balance sheet strength
  • Ensure compliance with regulatory requirements and industry standards for pricing and reserving
  • Drive risk management with Underwriting and develop reinsurance partnerships
  • Financial Reporting & Analysis: Oversee the preparation and dissemination of actuarial and financial reports
  • Analyze financial and operational performance to provide insights and drive business actions
  • Communicate financial results, drivers and business actions to senior management and key stakeholders
  • Financial Planning, Modeling and Strategy: Oversee financial planning process and model development that combines current business performance, business actions and external drivers of results
  • Develop and execute financial strategies to support the company’s growth and profitability objectives
  • Drive expense management in partnership with Finance team
  • Acquisitions & Business Partnerships: Partner with Corporate Development team to assess M&A or Partnership opportunities, drive deal value model development, and determine value from business synergies
  • Leadership: Lead and develop the actuarial team, fostering a culture of high performance and continuous improvement
  • Provide mentorship and coaching to team members, promoting professional development and growth
  • Drive actuarial innovation and best in class actuarial practices

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
actuarial strategiespricing strategiesreservingrisk managementfinancial reportingfinancial analysisfinancial planningmodel developmentM&A assessmentactuarial innovation
Soft skills
leadershipmentorshipcoachingcollaborationcommunicationstrategic thinkingproblem-solvingteam buildingcustomer retentioncontinuous improvement