Perform 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 advanced actuarial calculations, data analytics, and business systems analysis using custom and production administrative and illustrations systems.
  • Align complex calculations and testing requirements with product/pricing designs and state/federal regulations. Create and deliver clear calculation specifications and/or numerical examples via spreadsheets for cross functional consumption.
  • Create and use complex formulas/macros and tools to validate system alignment with product specifications.
  • Collaborate with Technology and Operations to ensure accurate understanding of product specifications for projects of moderate complexity.
  • Provide final signoff on product related technical requirements, test plans, and user acceptance testing. Represent role as a key component of project leadership team and provide status reporting to senior leadership.
  • Demonstrate advanced understanding of system navigation, transaction activity, tables, and other system features.
  • Assist Legal/Compliance, Finance, and Operational Risk with sensitive production issues and resolutions.
  • Analyze and reconcile data into financial or customer impact reports for leadership, legal/compliance, audit/controls, operational risk, or technology consumption.
  • May supervise financial related projects or serve as an actuarial representative on project teams, including internal and external financial audits and controls by producing evidence of system calculation accuracy
  • Provide supervision in identifying and implementing process improvement opportunities.
  • Mentor, train, and assist junior team members as needed.


Qualifications

  • Bachelor’s degree in actuarial science, mathematics, finance or equivalent experience
  • Six years of experience in modeling, business systems analysis, or data analytics
  • Strong understanding of complex actuarial concepts, including risk management, interest rate models, payout models, etc.
  • Moderate experience supporting product design projects and knowledge of associated regulatory requirements
  • Advanced technical proficiency to maintain and enhance policy administration systems including rate tables
  • Advanced analytical and reporting skills
  • Strong written and verbal communication skills
  • Strong organizational skills to manage multiple priorities within deadlines
  • Advanced experience and skills in MS Excel formula use and creation
  • Advanced experience and skills with modeling software and programming languages (e.g. Access, SQL, Visual Basic)
  • Expert 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 $88,000 - $110,000 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 10% 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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