Job SummaryThe 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.
- Full salary range listed below. Based on listed skills/experience, the anticipated starting salary for this role will be between $280,000 & $350,000.
Skills and Background You'll Need - 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. Translate complex actuarial insights into clear, actionable operational and strategic guidance for non-technical stakeholders. Collaborate effectively with other departments to execute business actions, achieve performance targets, and enhance competitive advantage. Foster a culture of accountability, continuous learning, and collaboration across teams.
Key Behaviors of a Successful Candidate - Strategic Visioning: Strategic and Innovative mindset with strong business acumen in the Employee Benefits market. Anticipates emerging risks/opportunities and positions the organization to proactively create value.
- Engaging Hearts & Minds: Inspires trust, passion and commitment through respect, understanding of people and shared purpose.
- Driving Success: Ability to influence and communicate effectively at the Senior Management, Strategic Partners and Sales Force level. Executive judgment, independence, and ability to lead through change.
#LI-Remote
- 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
In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.
- Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on a variety of factors including individual and organizational performance.
The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.
Salary Range:
$211,250.00 - $357,500.00
Positions will be posted for at least 5 days from original posting date.
