Associate Actuary (IFRS 17 Reporting )

About this role

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 Provides actuarial leadership in the consolidation, analysis, and reporting of insurance financial results. Partners with cross-functional stakeholders to evaluate drivers of business performance, communicate key insights to management, lead projects and support financial reporting initiatives Job Description Responsibilities • Prepare and deliver actuarial reports, analyses, and management insights related to financial results, persistency, mortality and morbidity experience, reinsurance performance, economic impacts, and other key business drivers. • Lead the preparation of the IFRS 17 Financial Management Information (FMI) package, including exhibits, narratives, management commentary, and responses to follow-up questions. • Collaborate with valuation, investments, Asset Liability Management (ALM), and other business partners across life, health, and annuity product lines to understand and explain drivers of financial results and perform ad hoc analysis to support management questions. • Develop, enhance, and maintain reporting exhibits and analytics that effectively communicate results and trends to management and other stakeholders. • Support the organization's transition and ongoing reporting under U.S. GAAP, including development of FMI reporting, analysis of GAAP results, methodology development, and implementation activities. • Provide technical guidance and actuarial expertise on complex reporting and valuation issues. • Represent the organization, as appropriate, on industry committees, professional organizations, and in interactions with regulators.

Qualifications

• Fellow of the Society of Actuaries (FSA) or equivalent professional designation preferred. • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field, plus 5+ years of relevant actuarial experience. • In lieu of a Bachelor's degree, a Master's degree in a related field and 4+ years of relevant actuarial experience may be considered. • In lieu of an FSA designation, an Associate of the Society of Actuaries (ASA) or equivalent designation with 8+ years of relevant actuarial experience may be considered. • 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. • xcellent computer skills.

Preferred Qualifications • Strong knowledge of insurance financial reporting, valuation, and actuarial analysis. • Experience with IFRS 17 and/or U.S. GAAP reporting preferred. • Demonstrated leadership, sound judgment, organizational effectiveness, and project management skills. • Ability to communicate complex actuarial, financial, and analytical concepts clearly and effectively to technical and non-technical audiences. • Proven ability to manage multiple priorities, meet deadlines, and perform effectively in a fast-paced environment. • Strong analytical, problem-solving, and computer skills.

Working Conditions

• Hybrid office environment • Occasional travel may be required (typically less than 10%)

Working Conditions • This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver). 

• Relocation assistance will not be provided for this position

• Occasional Travel Limited travel may be required

Compensation The

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