Health Actuarial Analyst

A genuine desire to make a difference in the lives of others is the foundation for everything we do. With a customer-first mindset and an intentional focus on building strong teams, we’ve been able to uphold our legacy of financial stability while investing in new, innovative technologies that support the needs of our customers. Our high-performance culture focused on operational excellence thrives thanks to remarkable people united by compassion and a customer-first commitment. The Actuarial Analyst supports ceded reinsurance operations for Employee Benefits, including Long Term Disability, Group Life, and AD&D. This role is responsible for monthly claims valuation, reinsurance billing, reimbursement tracking, and financial reporting. The Analyst reviews data for accuracy, applies reinsurance treaty provisions, investigates discrepancies, and supports automated workflows. This position also partners with actuarial, accounting, and other teams to support reporting, process improvements, and business needs.
Execute monthly ceded claims valuations and apply reinsurance treaty provisions to claims and reserves.
Prepare and review reinsurance billing, adjustments, and supporting documentation.
Track reimbursements, reconcile payments, and investigate outstanding or disputed items.
Validate data, maintain treaty information, and monitor automated processes and reporting.
Support testing, audits, documentation, actuarial requests, and continuous process improvement.
bachelor’s degree preferred.
Proficiency in Microsoft Excel and experience working with data, calculation systems, or reporting tools.

~ Ability to investigate discrepancies, reconcile data, and interpret business rules or contract provisions.

~ experience with Databricks, SAS, SQL, Python, VBA, or Azure DevOps is a plus.

~ Effective communication and relationship-building skills with internal and external stakeholders.

Improvement Mindset:

Continually seeks new ways to create business/ customer value by identifying and implementing opportunities for improved efficiency, effectiveness and innovation.
We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. 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
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.
Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Mortgage Investors, LLC, StanCorp Investment Advisers, Inc., and American Heritage Life Insurance Company and American Heritage Service Company, 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. Except where precluded by state or federal law, The Standard will consider for employment qualified applicants with arrest and conviction records pursuant to the San Francisco Fair Chance Ordinance. 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 The Standards property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited.