Associate Actuary (Validation & Special Projects)

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 This is a key position on the Transamerica actuarial Model Development and First Line Validation team. The team is responsible for the maintenance and development of actuarial models as well as first-line assurance activities. The actuary in this role will have an opportunity to work with AXIS models across the Life, Health and Annuity space. These models produce information relating to (e.g.) statutory reserves, IFRS 17 liabilities, US GAAP, tax reserves, market consistent liability valuations, economic capital, and asset adequacy testing. Job Description Responsibilities

• Contributes to the development of modeling best practices, standards, and frameworks applicable to AXIS models. • Supports the implementation of US GAAP calculations in the Life, Health and Annuity models. • Supports baselining and control review of US GAAP implementation in AXIS models. • Works with experience studies, business unit partners, and risk teams to develop testing plans that provide assurance around actuarial model changes. • Serves as a key resource for completion of replicating spreadsheets, annual unlocking reviews, and on-top technical reviews throughout the course of the year. • Leads several special project initiatives, including AI adoption, to improve existing workflows within the Model Development and First Line Validation team.

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 •   Strong technical skills with experience in Microsoft SQL Server, VBA, Alteryx, Python or R

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 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, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus of 15% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

Disclaimer: Beware of fake job offers! We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note: • We will never request personal information such as ID or payment for equipment upfront.

• Official offers are sent via DocuSign following a verbal offer—not through text or email.

This job description is not a contract of employment nor for any specific

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