The Staff Actuary initiates, organizes, and directs actuarial research, experience studies, statistical analyses, calculations and audits. This position is typically filled by an experienced career ASA who is no longer pursuing FSA certification. This position will support the Savings & Investments division of Transamerica Finance.

Responsibilities

  • Develops actuarial assumptions to use in pricing actuarial modeling, including experience studies in support of assumptions.
  • Works with the business unit pricing team to ensure the pricing process and assumptions are accurate and appropriate.
  • Coordinates, prepares, and performs actuarial analyses to develop pricing strategies, valuation approach or risk management strategies.
  • Supports budget projection work with assumption development and participant experience studies.
  • Communicates actuarial research results to business unit management, including supporting the quarterly update of the total Retirement Plans business unit forecast.
  • May develop, maintain and document computer-based programs, Sarbanes-Oxley procedures and model validation.
  • Maintains documentation of actuarial research and analyses. 
  • Provides consultation and clarification on actuarial models and risk issues.
  • Coordinates and directs special actuarial projects.

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 3 years of relevant experience. 
  • ASA or equivalent professional designation.
  • Demonstrates high quality 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

  • Programming skills.

Working Conditions

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

Compensation

  • The Salary for this position generally ranges between $100,000 - $150,000 per hour / 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.

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.