This is a key position on the Transamerica actuarial Model Development and First Line Validation team. The team is responsible for the maintenance and development of actuarial models as well as first-line assurance activities. The actuary in this role will have an opportunity to work with AXIS models across the Life, Health and Annuity space. These models produce information relating to (e.g.) statutory reserves, IFRS 17 liabilities, US GAAP, tax reserves, market consistent liability valuations, economic capital, and asset adequacy testing.

Responsibilities

  • Contributes to the development of modeling best practices, standards, and frameworks applicable to AXIS models.
  • Supports the implementation of US GAAP calculations in the Life, Health and Annuity models.
  • Supports baselining and control review of US GAAP implementation in AXIS models.
  • Works with experience studies, business unit partners, and risk teams to develop testing plans that provide assurance around actuarial model changes.
  • Serves as a key resource for completion of replicating spreadsheets, annual unlocking reviews, and on-top technical reviews throughout the course of the year.
  • Leads several special project initiatives, including AI adoption, to improve existing workflows within the Model Development and First Line Validation team.


Qualifications

  • Bachelor's degree in actuarial science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.

  • FSA or equivalent professional designation. In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience.

  • In lieu of Bachelor's, will accept Master's in a listed discipline and 4 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 technical skills with experience in Microsoft SQL Server, VBA, Alteryx, Python or R


Working Conditions

  • This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver). 

  • Relocation assistance will not be provided for this position

  • Occasional Travel <10%

  • Limited travel may be required

Compensation

The salary for this position generally ranges between $128,000 - $165,000 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 of 15% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 

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.