Actuary- VA/IFRS Reporting

About Us

We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

What We Do

Transamerica is organized into three distinct businesses:

• World Financial Group, including Transamerica Financial Advisors
• Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions
• Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities

These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Job Description

Manages one or more actuarial functions for a product line or Corporate process. Evaluates new product ideas, and pricing and maintenance of existing products. Directs the design, pricing, and implementation of insurance products. Monitors profitability by line of business and/or product and develops supporting reports and/or analyses. Maintains the product line or Corporate process to comply with various state and federal regulations. Manages studies that underlie actuarial assumptions and provides assumptions and data to others. Supports creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development. 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. Provides guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters. Serves as a key resource for completion of one or more major recurring projects during the course of the year. Represents the company on industry and professional committees and/or with regulators. 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

• Programming skills.
• VA/RILA knowledge.
• GAAP knowledge.