Senior Actuary, Financial Risk Methodology & Economic Capital

Job Family

Actuarial

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.

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.

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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The Senior Actuary, Financial Risk Methodology & Economic Capital provides guidance to the Methodology team of Aegon’s Financial Risk Management department. As a member of the Methodology team, the position will take a leading role in the development of financial market risk models and methodology across multiple reporting frameworks, including IFRS, US GAAP LDTI and Economic Capital.

• Plays an active role in guiding the preparation and interpretation of actuarial and financial information, develop and maintain key financial / market risk models for use across the whole Aegon Group of companies.
• Supporting the demands of a variety of external and internal stakeholders, including regulators, auditors and relevant functions in all the Aegon Business Units, most notably financial reporting functions, ALM departments and financial and actuarial risk areas across various countries across the globe where Aegon has representation.
• Exercises significant judgment in setting priorities and determining necessary tasks.
• Provides guidance and advice regarding technical actuarial issues such as pricing rates, modeling methodology, reserving principles and related matters.
• Leads the preparation and interpretation of actuarial and financial risk information for presentation to Senior Management.
• Maintains good and active relation with internal stakeholders on the financial and market risk related domain.
• Leads several key projects at various times during the year.
• Represents the company on industry and professional committees and/or with regulators.
• May support creation of quantitative finance or actuarial models in a model change management environment.
• Monitors and analyzes developments in quantitative finance techniques, laws and regulations applicable to company operations, and…