Actuary; Level 2 - Appointed Actuary team

Position: Actuary (Level 2) - Appointed Actuary team
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.
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Job Description Summary

Manages one or more actuarial functions for a product line or Corporate process. May evaluate new product ideas, and pricing and maintenance of existing products. May direct the design, pricing, and implementation of insurance products.

Job Description

Responsibilities

* Leads the preparation and interpretation of actuarial information for presentation to management.

* Monitors profitability by line of business and/or product and develops supporting reports and/or analyses.

* Maintains the product line or Corporate process to comply with various state and federal regulations.

* Manages studies that underlie actuarial assumptions and provides assumptions and data to others.

* May support creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development.

* Monitors and analyzes developments in actuarial techniques, laws, and regulations applicable to company operations, and competitive developments in the marketplace. Recommends appropriate reactions to these developments.

* Provides guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters.

* Serves as a key resource for completion of one or more major recurring projects during the course of the year.

* Represents the company on industry and professional committees and/or with regulators.

* Supervise a team of employees.

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

* Proficient Knowledge of Asset Adequacy Testing

* Proficient Knowledge of Annual Statement and similar regulatory requirements

* Programming skills.

Working Conditions

* Hybrid Office Environment

* Limited travel may be required

Compensation

The Salary for this position generally ranges between $160,000 - $180,000 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,…