2nd VP & Actuary, Actuarial Governance & ERM at The Standard in Portland, Pennsylvania

Job Description:

Remote Type: Remote (USA)
Portland, OR
Remote, USA
Time Type: Full time
Requisition ID: REQ005230


Description:

At The Standard, you’ll join a team focused on putting our customers first.

Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.

We offer a caring culture where you can make a real difference, every day.

Ready to reach your highest potential? Let’s work together.

Job Summary

As part of the senior management team, this role is responsible for establishing and enforcing risk policies, metrics and tolerances, actuarial governance standards for assumptions, models, pricing and valuation, and the actuarial aspects of regulatory compliance, to protect the company’s financial stability and support long-term strategic goals. This position involves close collaboration with Actuarial Modeling, Corporate Finance & Accounting, and other departments across the organization to implement a comprehensive risk and governance framework aligned with the company’s mission and strategy, regulatory standards, and governance requirements.

• This position plays a key leadership role in both governance and risk management by overseeing the organization’s Actuarial Governance function and by leading the development and implementation of the organization’s Enterprise Risk Management (ERM) framework in alignment with the Chief Risk Officer’s strategic direction.
• 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.

Skills and Background You’ll Need

• 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.

Key Behaviors of a Successful Candidate

• Strategic Visioning: Uses market data and knowledge of business model to develop new strategies, connect goals to enterprise vision, and identify criteria to measure success.
• Engaging Hearts & Minds: Empowers teams to form partnerships and motivates them to succeed through collaboration and cohesion.
• Driving Success: Champions a result-oriented culture that views challenges as an opportunity to achieve greater growth by creating a compelling vision, implementing strategy-aligned goals, and executing with a sense of urgency.

Why join The Standard?

We have built an enduring legacy of stability, innovation, and financial strength thanks to the contributions of the talented, creative, and compassionate 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 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!

#LI-Remote

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:

$182,000.00 - $363,750.00

Positions will be posted for at least 5 days from original posting date.

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., 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. 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 Standard 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, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.

About Us:

The Standard is a family of companies dedicated to helping its customers achieve financial well-being and peace of mind. In business since 1906, we’re a leading provider of group and individual disability insurance, group life, dental and vision insurance, voluntary (employee-paid) benefits, absence management services, and retirement plans and annuities for employers and individuals. For more information about The Standard, visit www.standard.com or follow us on LinkedIn.

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