Actuary - Model Validation

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.

Job Family:
Actuarial

Manages and leads model validation activities within a second line risk function. Responsible for validating and risk assessment of models developed by the first line with a focus on market-based insurance products (IUL, RILA, VA). May contribute to the development and enhancement of model validation frameworks and methodologies.

• Leads the validation and review of actuarial models, ensuring accuracy, compliance with regulatory standards, and alignment with risk management standards.
• Prepares and interprets validation findings for presentation to management and stakeholders in Model Validation Committee.
• Focuses on model validation of equity-based products (IUL, RILA, and VA).
• Monitors and analyzes regulatory, industry, and technical developments impacting model validation and asset modeling.
• Provides guidance on modeling methodology, validation best practices, and risk controls.
• May support the creation and review of model validation documentation and related technical materials.
• Serves as a key resource for major validation projects and initiatives.
• May collaborate with or provide input to cross-functional teams, including product, risk, and actuarial groups.

• FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 7 years of relevant experience; in lieu of Bachelor's, will accept Master's in a listed discipline and 5 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.

• Strong actuarial modeling skills or experience with model validation in an insurance context.
• Asset knowledge relevant to insurance products; experience with IUL and RILA preferred.
• Actuarial credentials preferred; CFA designation considered if accompanied by insurance experience.
• Is able to make judgements based on imperfect or incomplete information.
• Programming knowledge in Python, R, or VBA is a plus.

• Hybrid Office Environment
• Limited travel may be required

• The Salary for this position generally ranges between $145,000 - $180,000 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.
• Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

This is a hybrid position requiring three days in office per week in one of our hub locations (Cedar Rapids, Baltimore). Relocation assistance will not be provided for this position.

Beware of fake job offers! We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions.

Please note:

We will never request personal information such as  payment for equipment upfront. Official offers are sent via Docu…