The Actuarial Tech II prepares and analyzes statistical reports of data for use by the actuarial staff. Provides quantitative support in product development, financial analysis, management reporting, modeling, and various actuarial research. Supports implementation of product calculations and features.

Responsibilities

  • Significant and complex data manipulation and complex calculations using macros and other programs.
  • Significant analysis required on most projects.
  • May mentor or supervise Actuarial Technician I.
  • Has authority to sign-off on projects of smaller scope and may have authority on larger projects.
  • Works independently with minimal supervision.
  • May build projection models from scratch and reviews results.
  • May verify and reconcile financial reporting data, prepare periodic reports for other departments with minimal supervision.
  • Understands and manipulates basic actuarial concepts and formulas.
  • May analyze and verify pricing models.
  • Extracts and integrates data from various databases to analyze and develop reports and spreadsheets.
  • Perform user acceptance testing of administrative systems and/or illustration systems.
  • Collaborate with various areas of the company to ensure broad product understanding and correct implementation.
  • Support requirement gathering, test planning, and test execution - specifically related to product calculations.
  • Utilize different systems to track requirements, defects, and test case management. (e.g., JIRA)


Qualifications

  • Bachelor’s degree in actuarial science, mathematics or relevant area or equivalent education/experience.
  • Minimum of 3 years relevant work experience.
  • Understands relevant industry regulations.
  • Ability to analyze and understand actuarial processes.
  • Strong PC skills including Excel.
  • Strong mathematical skills and statistical aptitude.
  • Effective verbal and written communication skills.
  • Effective organizational skills.


Preferred Qualifications

  • Knowledge of topics covered in SOA courses. (Actuarial exams are not required).
  • Strong written/oral communication skills
  • Analytical and problem-solving skills
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Strong organizational skills to manage multiple priorities within deadlines.
  • An understanding of agile and waterfall project methodologies

Working Conditions

  • Hybrid Office Environment

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 requiring three days in office per week in one of our hub locations (Cedar Rapids).  Relocation assistance will not be provided for this position.

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 job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.