Associate Actuary - UL Valuation

Transamerica · United States · 1 mo ago

RemoteRemoteFinance$128k–$165k/yrFull-time

About the role

Transamerica Life seeks a self-driven actuary with a strong interest in leading GAAP implementation and ongoing GAAP governance efforts for Universal Life (UL) products. This highly visible role partners closely with teams such as model development, accounting, and finance to interpret evolving accounting requirements, ensure accurate and efficient execution of GAAP changes, and support the development of robust financial reporting processes.

The successful candidate will work with a high degree of independence, guiding analytical workstreams, evaluating UL specific assumptions and methodologies, and delivering insights that influence financial results and business decisions.

The ideal candidate will demonstrate strong communication skills with both actuarial and non-technical senior leadership, collaborate effectively across functions, and recommend practical, well-supported actions when navigating complex GAAP or modeling considerations.

Responsibilities

Lead implementation of GAAP valuation reporting for the UL blocks of business
Prepare reports and tools used to analyze quarterly GAAP financial results
Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance
Exercise significant judgment in setting priorities and determining necessary tasks
Document and communicate testing results, technical findings, and recommendations to stakeholders

Qualifications

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

GGY AXIS and Power BI experience
SQL, VBA, Python, and/or Alteryx programming

What We Offer