The Actuary, Financial Assets – Special Projects and Capital Initiatives is pivotal in delivering proactive diagnostic financial analysis and strategic financial decision-support to drive sound outcomes for Transamerica and specifically the Financial Assets strategy. The Actuary serves as a trusted advisor to the Financial Assets CFO and Finance Transformation leadership team, constructively challenging strategies and business plans to ensure risks and opportunities are transparently and comprehensively addressed through actionable communications and sustainable enhancements to financial infrastructure.  Act as a key partner in evaluating capital initiatives and maintaining Transamerica’s capital playbook, while operating within the confines of the capital management policy, risk appetite, and Aegon approval requirements. Improve the robustness of financial measurement and reporting techniques while optimizing value and risk across a range of ever-changing accounting and regulatory capital regimes (e.g., NAIC, IFRS, Bermuda, Tax). Develop and maintain an organized, sustainable, and efficient analysis toolkit for strategic decision making. Support reinsurance and corporate development initiatives through pro-forma financial assessments and deal model builds across a range of applicable accounting and regulatory capital regimes. 

Responsibilities 

  • Leads the preparation and interpretation of actuarial information for presentation to management. 
  • 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 10 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.
  • Asset modeling experience, preferably in GGY Axis

Compensation

The Salary for this position generally ranges between $140,000 - $185,000 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 be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

  • Hybrid office environment (Tuesday-Thursday). 
  • Limited travel may be required.

Compensation

  • The Salary for this position generally ranges between $140,000 - $185,000 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 be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Please note this position is able to go up a level to a Senior Actuary for a candidate with the right experience and qualifications.

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 in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.