Staff Actuary - UL Model Development

Job Family

Actuarial

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by 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. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

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

Job Description Summary

The Staff Actuary, UL Model Development will directs and provide leadership in the calculating and presenting of financial reporting of insurance products. This personal will oversee a small team within the life valuation actuarial department.

Job Description

Responsibilities  

• Lead the model maintenance for the LA UL and Consolidated UL models, including developing, testing, and documenting the changes, making the changes in the model and performing the necessary controls, and interpreting and communicating results.  
• Performs actuarial modeling and analyses to assist in the valuation of the LAUL block, including preparing and analyzing quarterly and annual results and assisting in earnings presentations with management.  
• Provides reports and analyses to management on persistency and mortality experience for various product lines, reserve adequacy, risk management information, or various other similar items.  
• Modernize and maintain current documentation of the LAUL modeling processes, including quarter end, unlocking, and cash flow testing.   
• Continue to adapt to the new accounting regime (IFRS 17).  
• Assist as needed with financial analysis related to the LAUL product line.  
• Maintains thorough documentation of actuarial research and analyses.   
• May represent the company on industry and professional committees and/or with regulators.  
• May supervise a small team of employees.  

  

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  

•  Experience using GGY Axis and MoSes.   
• Programming skills including SQL, VBA, and Alteryx.  
• Strong communication skills, both verbal and written.  

  

Working Conditions  

•   Normal office environment.  

**Please note that the compensation information that follows is a good faith estimate for this positi