Senior Actuarial Tech I

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

Prepares and analyzes statistical reports of data for use by the actuarial staff. Provides quantitative support in product development, financial analysis, management reporting, modeling, and various actuarial research. Creates calculation specifications for new products and features.

Job Description

Responsibilities

• Significant and complex data manipulation and complex calculations using macros and other programs.
• Significant analysis required on most projects.
• May mentor or supervise Actuarial Technician II.
• Has authority to sign-off on projects of smaller scope and may have authority on larger projects.
• Works independently with minimal supervision.
• May build projection models from scratch and reviews results.
• May review methods and results of slightly complex projection models.
• May verify and reconcile financial reporting data, prepare periodic reports for other departments with minimal supervision.
• May manage ‘non-periodic’ reporting requests and oversees programming solutions. May supervise reporting projects.
• Understands and manipulates basic actuarial concepts and formulas. May be required to train junior team members.
• May analyze and verify pricing models.
• Extracts and integrates data from various databases to analyze and develop reports and spreadsheets.
• Test both administrative systems and illustration systems
• Collaborate with various areas of the company to ensure broad product understanding and correct implementation.
• Support requirement gathering, test planning, and test execution - specifically related to product calculations.
• Utilize different systems to track requirements, defects, and test case management. (e.g., JIRA)

Qualifications

• Bachelor’s degree in actuarial science, mathematics or relevant area or equivalent education/experience.
• Minimum of 5 years relevant work experience.
• Understands relevant industry regulations.
• Strong PC skills including Excel and VBA.
• Strong mathematical skills and statistical aptitude.
• Effective verbal and written communication skills.
• Effective organizational skills.

Preferred Qualifications

• Knowledge of topics covered in SOA courses. (Actuarial exams are not required).
• Strong written/oral communication skills
• Highly analytical and strong problem-solving skills
• Ability to work independently and as part of a team in a fast-paced environment.
• Strong organizational skills to manage multiple priorities within deadlines.
• An understanding of agile and waterfall project methodologies

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 $67,500 - $80,000 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

• Normal office environment.
• Open to remote candidates.

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