Sandee Schuster
About Sandee Schuster
Sandee Schuster serves as the Director and Actuary for Corporate Actuarial & Risk Management at The Standard, where she leads financial reporting and manages asset valuations. With extensive experience in model risk, validation, and a diverse product background, she has held various significant roles in the insurance industry over the past several decades.
Work at The Standard
Sandee Schuster has been employed at The Standard since 2022, serving as the Director & Actuary in the Corporate Actuarial & Risk Management department. In this role, she leads the financial reporting team, overseeing mortgage and derivative asset valuations. Her responsibilities include providing actuarial oversight for embedded value reporting, reserve methodology, and addressing regulatory issues. Schuster's expertise in model risk and validation is integral to her work, which encompasses risk assessment and profitability analysis.
Previous Experience in Actuarial Roles
Prior to her current position, Sandee Schuster held several significant roles in the actuarial field. She worked at USAA Life Insurance Company as a Lead Risk Analyst from 2020 to 2023. Before that, she was with American Family Insurance as part of the Enterprise Risk Analytics & Insights team from 2013 to 2020. Additionally, she served as Vice President & Chief Actuary at Madison National Life Insurance Company from 2008 to 2010 and spent 20 years at CUNA Mutual Group as a Senior Actuary.
Education and Expertise
Sandee Schuster earned her Bachelor of Science degree from the University of Wisconsin-La Crosse, where she studied Math, Statistics, and Economics from 1983 to 1987. Her educational background supports her extensive expertise in model risk, model validation, asset adequacy analysis, and cash flow testing. Schuster's wide product knowledge includes individual life, annuities, group life, disability, health, debt protection, and property casualty.
Leadership and Volunteer Work
Schuster is an active volunteer and leader within the Society of Actuaries, contributing her expertise since 2011. Her involvement includes key leadership roles that enhance the actuarial profession. This commitment to the actuarial community reflects her dedication to advancing industry standards and practices.