Associate Actuary - UL Valuation

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, Protection Solutions and Savings & Investments, and Financial Assets.
• These businesses are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs.

Job Description

• Summary: 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.
• 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, accept ASA or equivalent professional designation and 8 years of relevant experience.
• In lieu of Bachelor's, 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.

Compensation

• The salary for this position generally ranges between $128,000 - $165,000 annually.
• This position is typically eligible for an Annual Bonus of 15% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.