The Actuary – Model Development & Validation will support Transamerica’s Variable Annuity and RILA businesses by leading user acceptance testing (UAT), performing technical reviews of model changes, and supporting Trinity model development. This role ensures accuracy, compliance, and efficiency in actuarial modeling processes, while partnering with stakeholders to maintain robust controls and deliver actionable insights.

Responsibilities

  • Lead and coordinate User Acceptance Testing (UAT) for actuarial models, ensuring functionality aligns with business requirements and regulatory standards.
  • Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance.
  • Support development and maintenance of Trinity models, including enhancements for new product features and regulatory updates.
  • Collaborate with valuation, pricing, and risk teams to ensure consistency across modeling platforms.
  • Document and communicate testing results, technical findings, and recommendations to stakeholders.
  • Drive process improvements and automation in model validation and testing workflows.
  • Monitor emerging regulatory and accounting standards impacting actuarial models and incorporate necessary changes.
  • Provide technical guidance and mentorship to junior team members. May manage a small team.


Qualifications

  • FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 7 years of relevant experience, In lieu of Bachelor's, will accept Master's in a listed discipline and 5 years of relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 10 years of relevant experience
  • Demonstrates high quality leadership, 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.
  • Excellent computer skills.

Preferred Qualifications

  • Strong knowledge of Variable Annuity and RILA products.
  • Proficiency in actuarial modeling systems (e.g., Trinity, AXIS) and programming languages (e.g., VBA, Python).
  • Excellent analytical, problem-solving, and communication skills.
  • Experience managing a team.


Working Conditions

  • Hybrid Office Environment
  • Limited travel may be required

Compensation

  • The Salary for this position generally ranges between $145,000 - $195,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
  • Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

This is a hybrid position requiring three days in office per week in one of our hub locations.  Relocation assistance will not be provided for this position.

Disclaimer
Beware of fake job offers!

We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

  • We will never request personal information such as ID or payment for equipment upfront.
  • Official offers are sent via DocuSign following a verbal offer—not through text or email.

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 to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.