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Vice President, Actuary – Life, Absence and Disability Benefits

ActuaryActuaryFull TimeRemoteTeam 1,001-5,000Since 1906H1B No SponsorCompany Site LinkedIn

Location

Oregon

Posted

60 days ago

Salary

$280K - $350K / year

Bachelor DegreeEnglish

Job Description

• 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

Job 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

Benefits

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