Sr. Manager and Actuary, Financial Risk Management

Job Family

Financial Risk

Who We Are

 

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.

What We Do

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology).

Job Description Summary

Understand and articulate pricing and valuation actuarial and risk challenges in life, health, annuity or retirement products and provide solutions to improve the company’s risk/return profile.

Job Description

Responsibilities:

• Understand and Challenge Pricing and Valuation initiatives.

• Understand and Challenge quantitative and analytical models to support risk management efforts.

• Work closely with the first line to identify risks and solutions, escalate as needed.

• Research issues and identify solutions within the assigned focus area.

• Draw conclusions based on data evaluation; provide detailed reporting.

Qualifications:

• Bachelor’s degree in finance, actuarial, economics, mathematics or other quantitative field.

• Ten years of experience in actuarial pricing, valuation or risk management or related specialization.  Advanced degree or actuarial certificates may be substituted for up to three years of experience. Knowledge of actuarial modeling and risk analysis tools.

• Knowledge of assigned focus area, such as various insurance products, pricing, valuation, reinsurance, underwriting, financial reporting, etc.

• Strong analytical and communication skills.

• Ability to understand complex problems and frame appropriate challenges.

• Ability to present and interact with leadership.

• Strong attention to detail and accuracy, proactive and ability to effectively manage stakeholders.

Working Conditions:

• Office environment

• Occasional travel

Compensation:

• The US salary for this position generally ranges between $147,000 - $170,000 annually. This range is an estimate, based on potential employee qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. 

•  Additionally in the US, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

 

Our commitment to inclusion & diversity means that we value differences. We encourage the unique perspectives of persons and are dedicated to creating a respectful and inclusive work environment. 

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.

What We Offer  

 

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees. 

 

Compensation Benefits 

• Competitive Pay 

• Bonus for Eligible Employees 

 

Benefits Package 

• Pension Plan 

• 401k Match

• Employee Stock Purchase Plan

• Tuition Reimbursement

• Disability Insurance

• Medical Insurance

• Dental Insurance

• Vision Insurance

• Employee Discounts

• Career Training & Development Opportunities

 

Health and Work/Life Balance Benefits 

• Paid Time Off starting at 160 hours annually for employees in their first year of service.

• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

• Be Well Company holistic wellness program, whi