Jobs and Careers

Senior Actuary - Consolidated Reporting WORK FROM HOME

Transamerica

Cedar Rapids, United StatesRemotefull_timeVerifiedPosted 3 Nov 2023

💰 $190,000/yr($150,000/yr – $190,000/yr)

About the role

Job Family

Actuarial

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

Supports the Consolidated Actuarial Reporting team in an effort to consolidate, analyze, and produce commentary concerning quarterly Economic Required Capital and other risk metrics. Primarily responsible for delivering effective analysis/commentary to senior leadership regarding actuarial results.

Job Description

Responsibilities

Assists with the preparation and interpretation of actuarial results for presentation to senior management.
Provides detailed analysis concerning market impacts on Economic Required Capital and other risk metrics.
Assists with improving the quarterly reporting process to ensure accuracy and efficiency of results/commentary.
Informs key stakeholders such as Finance, ALM, and Risk Management on actuarial results, utilizing clear and concise (written/verbal) communication.
Monitors risk metrics at a consolidated level, or by line of business, and develops supporting reports/analysis.
Communicates effectively with each line of business to understand capital results and consolidates key narratives into a coherent summary for senior management.
Manages the overall Economic Required Capital workflow, addressing all matters related to: tools, processes, results analysis, and commentary.
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 8 years of relevant experience.
In lieu of Bachelor's, will accept Master’s in a listed discipline and 6 years or relevant experience.
In lieu of FSA will accept ASA or equivalent professional designation and 14 years of relevant experience.
Demonstrates high quality leadership, judgment, organization and prioritization skills.
Exhibits effective management skills to motivate and develop a staff.
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.

Preferred Qualifications

Solid analytical and critical thinking skills.

Compensation

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The Salary for this position generally ranges between $150,000 - $190,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Bonus Eligibility:

This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion.

Working Conditions