Associate Actuary; Governance

Actuarial Position at Transamerica

Transamerica, an international financial services group, is seeking a talented and ambitious actuary to join the Appointed Actuary team. This position will report to the Director Actuarial and provide significant exposure to the Appointed Actuary and US and Group Chief Actuaries.

Responsibilities:

• Oversight and shepherding of assumption unlocking governance
• Coordination of Assumptions & Methodology Committee (AMC) topics
• Ownership of the company wide expense assumption
• Annual reviews of regulatory changes including updating actuarial memos and opinions
• Coordination of the Actuarial Function Report (AFR) which details the company's asset adequacy testing, assumption and model updates, underwriting, reinsurance, and risk management practices
• Support of actuarial regulatory projects including principle-based reserves (P ), cash flow testing (CFT), C3P1, and related
• Support of Pricing and Underwriting Risk Committee (PURC) special projects
• Role has high level exposure to all Transamerica product lines and functional areas

Qualifications:

• FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 6 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 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:

• Familiarity with Model Change Management (MCM) financial metrics on multiple bases including Stat, Capital, CFT, IFRS
  17, and Pricing
• Solid understanding of key assumptions across Life, Health, Annuity, and Retirement products
• Strategic thinker with excellent analytical problem-solving skills and attention to detail

Working Conditions:

• Hybrid Office Environment
• Occasional Travel