Senior Actuary - Appointed Actuary Team

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 The Senior Actuary will report to the Director, Actuarial and have significant exposure to the Appointed Actuary. The Senior Actuary will serve as a technical subject matter expert on capital, asset adequacy, and regulatory developments. The Senior Actuary will be responsible for C3P1 reporting and evolving U.S. Statutory regulatory filings, including Actuarial Guideline (AG) 53 and AG 55 covering complex assets and asset-intensive reinsurance transactions. Job Description Responsibilities • Preparation of Actuarial Guideline 53 (AG 53) and Actuarial Guideline 55 (AG 55) regulatory filings and analysis • Ownership of US Risk-Based Capital C-3 Phase 1 (RBC C3P1) quarterly production, controls, and field testing • Support of actuarial regulatory projects including principle-based reserves (PBR), cash flow testing (CFT), C3P1, C3P2, and related • Coordination of field tests, industry surveys, and annual regulatory changes • Monitor developments in actuarial techniques, laws, and regulations applicable to company operations, and competitive developments in the marketplace • Provide guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters • Support Pricing and Underwriting Risk Committee (PURC) special projects • Role has high level exposure to all Transamerica product lines and functional areas • Act as a trusted partner to Actuarial, Risk, ALM, Investments, and Tax

Qualifications • FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience. In lieu of Bachelor's, will accept Master’s in a listed discipline and 6 years or relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 14 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.

Preferred Qualifications • Proficient knowledge of Asset Adequacy Testing, C3P1, AG53, and AG55 • Proficient knowledge of asset liability management (ALM) concepts • Familiarity with various General Account asset structures, modeling methodology, and assumptions • Extensive experience in the insurance industry, knowledge of regulatory frameworks, and thorough understanding of financial markets.

Working Conditions • Hybrid Office Environment

Compensation • The Salary for this position generally ranges between $165,000 - $200,000 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 based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

This is a hybrid position re

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