Associate Actuary; Governance

Job Description Summary

The Appointed Actuary team is looking for a talented and ambitious actuary to join the team and take ownership of actuarial governance and regulatory initiatives. This position will report to the Director Actuarial and have significant exposure to the Appointed Actuary and US and Group Chief Actuaries.

• Oversight and shepherding of assumption unlocking governance
• Coordinate Assumptions & Methodology Committee (AMC) topics
• Ownership of the company wide expense assumption
• Annual reviews of regulatory changes including updating actuarial memos and opinions
• Coordinate 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 activities
• Support of Pricing and Underwriting Risk Committee (PURC) special projects
• Maintain high level exposure to all Transamerica product lines and functional areas

• FSA or equivalent professional designation along with a Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics, or related field and 6 years of relevant experience.
• Alternative:
  Master’s degree in a listed discipline with 4 years of relevant experience.
• Alternative: ASA or equivalent professional designation with 10 years of relevant experience.
• Demonstrates high quality leadership, judgment, organization, and prioritization skills.
• Effectively communicates advanced mathematical and analytical concepts to various audiences, both verbally and in writing.
• Works well under pressure and within time constraints to accomplish individual and team objectives.
• Excellent computer skills.

• 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

Hybrid Office Environment; occasional travel