Chief Actuary

Job description

STRS Ohio, STRS STRS Ohio is seeking a Chief Actuary to join the Finance/Management team. Established in 1920 and serving Ohio’s educators, STRS Ohio is one of the nation’s largest retirement systems, serving nearly 550,000 active, inactive, and retired public-school teachers, and university faculty members, managing approximately $96.3 billion as of June 30, 2025, in assets and paying more than $7 billion in benefits annually. STRS Ohio provides a competitive pay, and a comprehensive benefits package including on-site parking, educational assistance, subsidized medical insurance, fully paid dental and life insurance, vacation and sick leave, retirement benefits and on-site fitness center. At STRS Ohio, you can experience rewarding work in a professional, business casual work environment. We welcome, celebrate, and promote respect for everyone. We are continually seeking bright and talented individuals to join our team. Compensation: $215,343 - $274,563 Work Schedule: 8:00am-5:00pm Monday-Friday (Onsite) General Summary: Under the direction of the deputy executive director, Finance and Chief Financial Officer (CFO), plan and manage all actuarial and enterprise risk management activities. Responsible for day-to-day actuarial operations and inquiries at State Teachers Retirement System of Ohio (STRS Ohio). Summary of Responsibilities: Oversee preparation of data for annual independent actuarial valuations for pension and health care benefits. Work closely with consulting actuary for completion, review and presentation of annual valuations and other analysis prepared for pension and health care benefits. Prepare and present actuarial reports and analysis to management, stakeholders and State Teachers Retirement Board meetings serving as a trusted advisor in policy decisions. Lead development and recommend long-term funding strategies for pension and health care plans, incorporating actuarial best practices. Lead and oversee STRS Ohio's Enterprise Risk Management framework, integrating actuarial, financial, investment, operational and strategic risks. The above list of duties is intended to describe the general nature and level of work performed by persons assigned to this classification. It is not to be construed as an exhaustive list of duties performed by the persons so classified, nor is it intended to limit or modify the right of any supervisor to assign, direct and control the work of employees under supervision. Summary of Qualifications: Bachelor’s degree in actuarial science, mathematics, finance or business administration required. Certification as Fellow of the Society of Actuaries (FSA) and Member of the American Academy of Actuaries required. Six to ten years’ experience as an actuary in consulting or pension-related organization required. Experience with pension actuarial software such as Proval preferred. Equal Employment Opportunity Employer Statement State Teachers Retirement System of Ohio (STRS) is an Equal Employment Opportunity Employer and prohibits discrimination and harassment of applicants or employees on the basis of race, color, religion, gender, gender identity or expression, national origin (ancestry), military status, disability, age, genetic information, sexual orientation, or caregiver status, in making employment-related decisions about an individual. Visa/Sponsorship To be offered a position with STRS Ohio, you must be either a U.S. citizen or possess proper legal authorization to work in the U.S. for the type of job you are seeking. This position is not eligible for visa sponsorship. Applicants must be authorized to work in the United States without the need for visa sponsorship. ADA Statement STRS Ohio is committed to ensuring access, inclusion, and reasonable accommodations across all its services, activities, programs, and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws. Posting Drug-Free Workplace Statement The State Teachers Retirement System of Ohio (STRS Ohio) is a drug-free workplace. The use of recreational marijuana and non-medical cannabis is strictly prohibited. Pre-Employment Drug Testing All final candidates tentatively selected for employment will be required to undergo a urinalysis drug screening prior to appointment. This screening includes testing for illegal substances, including marijuana. A positive test result will disqualify the applicant from employment unless valid medical documentation is provided for legally prescribed medications or a physician’s recommendation for medical marijuana. Pre-Employment Background Investigation The final candidate selected for this position will be subject to a criminal background check. STRS Ohio will conduct an individualized assessment of any prior criminal convictions before making a determination regarding employment eligibility.