Actuary (UL Valuation & Financial Reporting)

Job Family Actuarial

About Us At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.

Who We Are Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We're a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States.

Transamerica's dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. We are dedicated to building America's leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products.

What We Do Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate.

Job Description Summary The Actuary will manage the UL Valuation and Financial Reporting for the Life business process. This person will direct 3 employees and will require strong modeling and problem-solving experience.

Job Description Responsibilities

• Leads the preparation and interpretation of actuarial information for presentation to management.
• Leads a team of 3 actuaries.
• Analysis of IFRS17 Earnings and CFT&A.
• Strong modeling and problem-solving skillsets.
• Monitors profitability by line of business and/or product and develops supporting reports and/or analyses.
• Maintains the product line or Corporate process to comply with various state and federal regulations.
• Manages studies that underlie actuarial assumptions and provides assumptions and data to others.
• May support creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development.
• Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace. Recommends appropriate reactions to these developments.
• Provides guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters.
• Serves as a key resource for completion of one or more major recurring projects during the course of the year.
• Represents the company on industry and professional committees and/or with regulators.
• May supervise a team of employees.

Qualifications

• FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 7 years of relevant experience. In lieu of Bachelor's, will accept Master's in a listed discipline and 5 years of relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 12 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 Programming skills.

Working Conditions Normal office environment. Limited travel may be required.

What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

• Competitive Pay
• Bonus for Eligible Employees

Benefits Package

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities

Health and Work/Life Balance Benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year.
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars.
• Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service.
• Adoption Assistance
• Employee Assistance Program
• College Coach Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs
• Peer Recognition Program (BRAVO)

Inclusion & Diversity We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We are dedicated to creating a respectful and inclusive work environment.

Giving Back We believe our responsibilities extend beyond our corporate walls. Through a mix of financial grants and the volunteer efforts of our employees, we support nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica's Parent Company Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 29.5 million people across the globe.

Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.