Associate Actuary - Life Valuation Special Projects

Job Family

Actuarial

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. 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. 

     

Who We Are 

  

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. United in our purpose, we help people create the financial freedom to live life on their terms. 

What We Do 

 

Transamerica is organized into three distinct businesses. These include 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. 

 

Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.  

Job Description Summary

Transamerica Life seeks a self-driven actuary, with a proven record of, or interest in, performing cross-functionally in a highly visible role groomed towards leadership development. The Special Projects team works seamlessly across all Life products (UL, IUL, VUL & Traditional Life), in a variety of endeavors (assumption setting, financial analysis, risk and profit assessment), and is usually the frontline at which key strategic company initiatives are developed and tested. Accordingly, the successful candidate will operate with a high degree of independence, leading analytical efforts across multiple projects and delivering insights that shape key business decisions. The candidate will have demonstrated the ability to effectively communicate findings to both actuarial and non-technical senior management, work collaboratively, and, when necessary, propose appropriate courses of action.

Job Description

Responsibilities: 

• Drive (IFRS/GAAP/Stat) assumption setting across life blocks, including model development, testing, analysis, and communication of results to leadership. 

• Actuarially assess non-routine, financial transactions including, but not limited to: 

• UL COI Rate Incre