Associate Actuary - UL Valuation

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.
* Lead implementation of GAAP valuation reporting for the UL blocks of business
* Prepare reports and tools used to analyze quarterly GAAP financial results
* Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance.
* Exercise significant judgment in setting priorities and determining necessary tasks.
* Document and communicate testing results, technical findings, and recommendations to stakeholders.
* Ability to work autonomously within defined timelines.
* Experience with life insurance products.
* Proficient modeler (AXIS proficiency strongly preferred).
* Effective oral and written communication skills (specific prior examples may be requested).
* Demonstrated history of analyzing and interpreting large data sets (specific prior examples may be requested).
* Exemplifies the highest professional integrity and standards.
* Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
* FSA or equivalent professional designation. In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience.
* In lieu of Bachelor's, will accept Master's in a listed discipline and 4 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.
* GGY AXIS and Power BI experience.
* SQL, VBA, Python, and/or Alteryx programming.
* Strong communication skills, both verbal and written.
* Prior experience with GAAP LDTI reporting.

The salary for this position generally ranges between $128,000 - $165,000 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, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
* Pension Plan
* 401k Match
* Employee Stock Purchase Plan
* Tuition Reimbursement
* Disability Insurance
* Medical Insurance
* Dental Insurance
* Vision Insurance
* Employee Discounts
* Career Training & Development Opportunities
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