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General Actuarial

Job Description Summary

Variable Annuities Actuary - Modernization (Level 4)

The people of Transamerica bring expertise, creativity, heart and diverse thought to everything that we do-and to the communities where we live and work

Do you have a passion for supporting special projects? Do you want to lead and manage projects, either for Modernization initiatives or BAU items? Are you able to assist with complex and new regulatory changes and / or modeling concepts?

If your answer is yes, we are looking for you!

Job Description

What You Will Do:

As an Assistant Actuary you will be responsible for initiating, organizing, and directing actuarial research, experience studies, statistical analyses, calculations and audits. You will be working on the Life & Health Team, focusing primarily on Liability modeling.

What You Will Learn:

You will increase your ability to build and maintain strong relationships across Transamerica. You will learn to promote a Future Fit mindset including Acting as One, Accountability, Agility and Customer Centricity.

What Success Looks Like:

  • Develops actuarial assumptions to use in pricing, reserving or actuarial modeling, including experience studies in support of assumptions.
  • Coordinates, prepares, and performs actuarial analyses to develop pricing strategies, valuation approach or risk management strategies.
  • Develops and maintains profit studies, non-forfeiture values and Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) actuarial items, reserve programs, rate files, procedures and/or similar processes.
  • Prepares actuarial portion of financial reports or other documents (e.g. state insurance department filings, rating agency survey forms, internal management reports, etc.).
  • Communicates actuarial research results to business unit management.
  • May develop, maintain and document computer-based programs, Sarbanes-Oxley procedures and model validation.
  • Maintains documentation of actuarial research and analyses.
  • Provides consultation and clarification on actuarial models and risk issues.
  • Coordinates and directs special actuarial projects.
  • May supervise one or more Actuarial Analysts, Actuarial Students or Actuarial Technicians.

What You Need:

  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience. In lieu of Bachelor's, will accept Master's in a listed discipline and 3 years of relevant experience. ASA or equivalent professional designation required. Must be an active participant in the Actuarial Student Program, taking additional exams towards FSA.
  • Demonstrates high judgment, organization and prioritization skills.
  • Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
  • Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
  • Excellent computer skills.
  • Modeling experience required, GGY-AXIS, ALFA, MoSes experience preferred
  • Has experience working with Life and Health products
  • Has some form of technical experience (SQL, Python, VBA, etc.)

What You Receive:

A Comprehensive Wealth + Health package. It's our passion to empower people, and especially our employees, to add years to their lives and more life to their years. That means a healthy account balance and a healthy body to match. As you'll come to discover, Wealth + Health is a central part of everything we do!

Wealth Benefits; Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Stock Purchase Plan, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship

Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program.

Why Work for Us

Total Rewards at Transamerica: It's more than a paycheck.

Our comprehensive Total Rewards package is designed to help support you in many ways throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind to help you live your best life, grow personally and professionally - and feel valued for the work you do.

Learn more about our Total Rewards Package.

Equal Opportunity Employer:

Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: ...@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Ontario Applicants:

Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 (\"AODA\"). Please contact ...@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance:

If you experience technical problems during the application process, please email ...@transamerica.com.

Associated topics: actuarial, actuarial consultant, actuarial director, actuary consultant, analyst, cost, director actuary, life actuary, probability, risk

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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