Perform moderately complex calculations, modeling, reporting, risk, and compliance functions to support life product development. Quantify and qualify results and perform actions required for sign-off before implementation.

Responsibilities

  • Perform moderately complex actuarial calculations, data analytics, and business systems analysis using custom and production administrative and illustrations systems.
  • Align moderately complex calculations and testing requirements with product/pricing designs and state/federal regulations. Demonstrate thorough understanding of product and calculation specifications and/or numerical examples.
  • Create and use moderately complex formulas/macros and tools to validate system alignment with product specifications.
  • Develop and maintain tools used for manual calculations and/or rate-determination. Perform manual calculations of various product features and benefits where system limitations exist, providing prompt and accurate values to operations partners.
  • Provide signoff on product related technical requirements, test plans, and user acceptance testing for projects of medium or limited scope.
  • Demonstrate moderate understanding of system navigation, transaction activity, tables, and other system features.
  • Perform regular, periodic, and time-sensitive tasks with accuracy and consistently meet or exceed deadlines.
  • Extract and integrate data from various databases to analyze and reconcile data contained in financial or customer impact reports for internal use.
  • Support internal and external financial audits and controls by producing evidence of system calculation accuracy.
  • Identify and implement process improvements and solutions.


Qualifications

  • Bachelor’s degree in actuarial science, mathematics, finance, or equivalent experience
  • Four years of experience in modeling, business systems analysis, or data analytics
  • Moderate understanding of actuarial concepts, including risk management, interest rate models, etc.
  • Experience supporting product design projects and knowledge of associated regulatory requirements
  • Moderate technical proficiency to maintain and enhance policy administration systems including rate tables
  • Strong analytical and reporting skills
  • Strong written and verbal communication skills
  • Strong organizational skills to manage multiple priorities within deadlines
  • Moderate experience and skills with MS Excel formula usage and creation
  • Moderate experience with modeling software and programming languages (e.g. Access, SQL, Visual Basic)
  • Advanced skill at working independently and collaborating in a team environment

Preferred Qualifications

  • Experience with life administration systems, particularly:
    • CyberLife
    • LifePRO
    • LifeComm
  • Knowledge life products (Term, Whole Life, Universal Life, Indexed Universal Life, Variable Universal Life).
  • Visual Basic / Excel macro-writing experience.
  • SQL and Access experience.
  • Product-design experience.
  • Knowledge of applicable regulatory requirements

Working Conditions 

 

  • This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids or Denver). 
  • Relocation assistance will not be provided for this position

 

Compensation

The salary for this position generally ranges between $69,000 - $85,000 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 of 7.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

 

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.

 

 

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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.