Associate Actuary; Governance

Position: Associate Actuary (Governance)
Location: Iowa

## Associate Actuary (Governance)
Apply locations:
Cedar Rapids, Iowa:
Denver, Colorado:
Philadelphia, Pennsylvania time type:
Full time posted on:
Posted Todayjob requisition : R
** 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.  For more information, visit
** 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.
** Job Description
**** 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