Transamerica is searching for a creative, recent FSA to join our Annuity team! This role will focus on the modeling of Variable Annuities and Registered Index Linked Annuities for the purpose of valuation reporting, projections and hedging.

Responsibilities:

  • Performs responsibilities as model owner of the valuation and hedging models: test implementation of new products/product features or enhancements, review/understand proposed assumption and/or methodology changes, research issues and develop requirements through an understanding of variable annuities and registered index linked annuities.

  • Performs administrative responsibilities as model owner, including planning quarterly implementations, updating estimated financial impacts (EFIs), researching model issues impacting all VA/RILA models, leading testing and validation of model changes, and working with Risk with regard to audits of the models.

  • Coordinates the quarterly updates with model owners and developers, while ensuring that change management and governance is followed.

  • Ensures economic and policyholder behavior assumptions and modeling methods are thoroughly defined for implementation into the annuity models, representing the models and collaborating with other teams as needed (i.e. developers, model owners, inforce creation, experience studies, etc.).

  • Finds creative solutions to modeling issues as participant on cross functional/cross product teams.

  • Collaborates across different areas of the organization through project work, including modernizing/automating the valuation process.

  • 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.

  • 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:

  • Knowledge of actuarial modeling systems and Variable Annuity guarantees preferred

  • Knowledge of Registered Index Linked Annuities

  • Knowledge of VA/RILA Statutory and IFRS17 guidelines

Working Conditions:

  • Office environment or remote/hybrid as applicable (Baltimore, MD; Cedar Rapids, IA; or Philadelphia, PA)

Compensation:

The Salary for this position generally ranges between $140,000 - $160,000 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.

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.