Associate Actuary - Indexed Annuity Pricing
Listed on 2026-05-28
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Finance & Banking
Risk Manager/Analyst, Financial Analyst, Financial Consultant, Corporate Finance
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
Directs and provides leadership in the design, pricing, and implementation of indexed annuity products (RILA and FIA). Provides analysis and recommendations related to the profitability and risk of said products.
Job Description
Responsibilities
- Oversee and/or lead weekly dashboard analysis, monthly reporting, and quarter-end financial reporting for new business.
- Oversee weekly rate-setting analysis, assist in rate recommendations, and the implementation of rate changes.
- Maintain and manipulate pricing models for the analysis of new and existing products and product features.
- Monitor and analyze developments in actuarial techniques, laws, competitive landscape, and regulations applicable to annuity products and company operations.
- Assess the financial implications of reinsurance strategies and provide recommendations on potential reinsurance treaties.
- Assess profitability in varying economic environments on multiple bases, including IFRS, statutory, market consistent, and/or GAAP. Ensure compliance with corporate risk and return targets.
- Work closely with product development and competitive intelligence function. Support product development of indexed annuities, via pricing various preliminary ideas, sensitivity testing products before launch, and filing support.
- FSA or equivalent professional designation along with 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 4 years of relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience.
- Demonstrates high quality leadership, judgment, organization and prioritization skills.
- Effectively communicates, both verbally and in writing,…
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