Associate Actuary - Life Valuation Special Projects at Transamerica

Cedar Rapids, Iowa, United States -

Full Time

Start Date

Immediate

Expiry Date

15 May, 26

Salary

165000.0

Posted On

14 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Science, Valuation, Assumption Setting, Financial Analysis, Risk Assessment, Profit Assessment, IFRS, GAAP, Statutory Accounting, Model Development, AXIS, Communication, Data Analysis, Leadership Development, Process Improvement, Automation

Industry

Financial Services

Description

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. Who We Are We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. What We Do Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com. Job Description Summary Transamerica Life seeks a self-driven actuary, with a proven record of, or interest in, performing cross-functionally in a highly visible role groomed towards leadership development. The Special Projects team works seamlessly across all Life products (UL, IUL, VUL & Traditional Life), in a variety of endeavors (assumption setting, financial analysis, risk and profit assessment), and is usually the frontline at which key strategic company initiatives are developed and tested. Accordingly, the successful candidate will operate with a high degree of independence, leading analytical efforts across multiple projects and delivering insights that shape key business decisions. The candidate will have demonstrated the ability to effectively communicate findings to both actuarial and non-technical senior management, work collaboratively, and, when necessary, propose appropriate courses of action. Job Description Responsibilities: Drive (IFRS/GAAP/Stat) assumption setting across life blocks, including model development, testing, analysis, and communication of results to leadership. Actuarially assess non-routine, financial transactions including, but not limited to: UL COI Rate Increases and its subsequent impact on policyholder behavior IUL/VUL Reserving & Hedging impacts on economic volatility and profit emergence Reinsurance - including 3rd Party (YRT, Coinsurance, Sidecar) & Captives Traditional Life Pre- & Post-Level-Term Policyholder Behavior Support key company initiatives including implementation of GAAP, process improvements & automation, and utilization of AI tools. For this highly sought position the successful candidate will require rare, job-specific, skillsets: Ability to work autonomously under defined timelines. Capable of prioritizing varied unrelated tasks. Proficient modeler (AXIS proficiency preferred). Effective communicator (oral & written) – (Specific prior examples may be requested.) Demonstrated history of analyzing and analytically interpretating large data sets – (Specific prior examples may be requested). Exemplify highest professional integrity and standards. Qualifications: 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 4 years of relevant experience. FSA or equivalent professional designation. In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience. Demonstrates high quality leadership, 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. Advanced computer skills. Preferred Qualifications: GGY AXIS and Power BI experience. SQL, VBA, Python, and/or Alteryx programming. Strong communication skills, both verbal and written. Working Conditions: Hybrid office environment Occasional Travel

Responsibilities

The role involves driving assumption setting across life blocks, including model development, testing, analysis, and communicating results to leadership for IFRS, GAAP, and Statutory reporting. Responsibilities also include actuarially assessing non-routine financial transactions such as UL COI Rate Increases, IUL/VUL Reserving impacts, and Reinsurance activities.