Associate Actuary - UL Valuation

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 Transamerica Life seeks a self driven actuary with a strong interest in leading GAAP implementation and ongoing GAAP governance efforts for Universal Life (UL) products. This highly visible role partners closely with teams such as model development, accounting, and finance to interpret evolving accounting requirements, ensure accurate and efficient execution of GAAP changes, and support the development of robust financial reporting processes. The successful candidate will work with a high degree of independence, guiding analytical workstreams, evaluating UL specific assumptions and methodologies, and delivering insights that influence financial results and business decisions. The ideal candidate will demonstrate strong communication skills with both actuarial and non technical senior leadership, collaborate effectively across functions, and recommend practical, well supported actions when navigating complex GAAP or modeling considerations. Job Description Responsibilities:   • Lead implementation of GAAP valuation reporting for the UL blocks of business • Prepare reports and tools used to analyze quarterly GAAP financial results • Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance. • Exercise significant judgment in setting priorities and determining necessary tasks. • Document and communicate testing results, technical findings, and recommendations to stakeholders. 

For this highly sought position the successful candidate will require rare, job-specific, skillsets:   • Ability to work autonomously within defined timelines. • Experience with life insurance products. • Proficient modeler (AXIS proficiency strongly preferred). • Effective oral and written communication skills (specific prior examples may be requested). • Demonstrated history of analyzing and interpreting large data sets (specific prior examples may be requested). • Exemplifies the highest professional integrity and standards.

Qualifications • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 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. • In lieu of Bachelor's, will accept Master's in a listed discipline and 4 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. • Excellent computer skills.

Preferred Qualifications • GGY AXIS and Power BI experience. 

• SQL, VBA, Python, and/or Alteryx programming.  • Strong communication skills, both verbal and written. • Prior experience with GAAP LDTI reporting.

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

Compensation The salary for this position generally ranges between  $128,000 - $165,000 annually .  Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including  qualifications, experience, geography, work location designation (in-office, h

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