Staff Actuary - Annuities Valuation

About Us

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play.

What We Do

Transamerica is organized into three distinct businesses: 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) 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

The Staff Actuary will play a key role within the VA/RILA Reporting group, supporting IFRS 17 financial reporting and U.S. GAAP (LDTI) reporting post conversion. This role is responsible for executing complex actuarial and risk analyses for variable annuity and registered index linked annuity products. The position partners closely with actuarial, finance, investments, and risk management teams to ensure accurate, timely, and well-controlled financial reporting. In addition, this role supports assumption development, model governance, and financial reporting deliverables aligned with enterprise risk management objectives.

Responsibilities

• Perform actuarial and risk analysis to support IFRS 17 and U.S. GAAP reporting for VA/RILA products
• Develop and analyze assumptions used in valuation, financial reporting, and risk management
• Absess key risks (market, interest rate, credit, liquidity, and hedging) and their financial impacts
• Support production, validation, and explanation of IFRS 17 and GAAP financial results
• Prepare actuarial reporting components, including reserves, financial reports, and supporting documentation
• Partner with actuarial, finance, ALM, and investment teams to review models, results, and controls, and communicate insights to leadership

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

• Direct experience with IFRS 17 reporting, implementation, or ongoing production support.
• Strong knowledge of VA/RILA products, derivatives, and capital markets.
• Familiarity with U.S. GAAP (LDTI) reporting.
• Experience working in a controlled reporting environment (documentation, governance, audit).
• Programming or model development experience preferred.