Directs and provides leadership in the design, pricing, and implementation of insurance products. Oversees a small team within actuarial modeling, risk management, valuation or other actuarial department.

Transamerica Life seeks a self-driven actuary for a highly visible valuation & financial reporting role. The successful candidate will be tasked with overseeing a small team of actuaries, working together to produce timely and accurate IFRS results for the entire UL block of business; and, then, to effectively communicate those results to both actuarial and non-technical audiences, including C-Suite management. Products embedded in the candidate’s purview include some of the company’s most highly-visible Financial Assets; consequently, this role comes with unique opportunities and gives exposure that most roles do not.

Responsibilities:

Understand non-routine transactions related to UL:

  • ULSG, COI Rate Increases, policyholder behavior and mortality trends.

  • Reinsurance – Mortality (3rd Party YRT and Coinsurance) and Financial (Captives), IFRS RLRC.

  • Support capital initiatives such as purchases of STOLI policies (ReSTOLI).

  • Adapt model functionality and output to answer a changing landscapes of questions and concerns.

For this highly sought position the successful candidate must possess rare, but specific, skillsets:

  • Ability to work autonomously under defined timelines.

  • Capable of prioritizing varied unrelated tasks.

  • Efficiently oversee as well as professionally develop a small team of actuaries.

  • Be(come) a proficient modeler (GGY AXIS proficiency preferred).

  • Effective communicator (oral & written) – (Specific prior examples may be requested.)

  • Demonstrated history of analyzing and analytically interpretating large data sets – (Specific prior examples may be requested).

  • Exemplifies highest professional integrity and standards.

Professional Qualifications:

  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience. In lieu of Bachelor's, will accept Master's in a listed discipline and 4 years of relevant experience. 

  • FSA or equivalent professional designation. In lieu of FSA will accept ASA or equivalent professional designation and 8 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.

  • Advanced computer skills.


Preferred Qualifications:

  • GGY AXIS and Power BI experience.

  • SQL, VBA, Python, and/or Alteryx programming.

  • Strong communication skills, both verbal and written. 


Working Conditions:

  • Hybrid office Environment

  • Occasional Travel <10%

#LI-BD1

The Salary for this position generally ranges between $125,000 - $165,000 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.