Actuarial Analyst (Level 6)

Transamerica•Cedar Rapids, IA

3d•Onsite

About The Position

Perform actuarial research, experience studies, statistical analyses, calculations, modeling and audits. Analyze data to support decisions that allow the company to properly manage its risk. Extract and analyze premium and loss data, using computer and statistical programs, evaluating results for reasonability and communicating observations to various teams to help achieve bottom-line goals. Develop and enhance products, presenting analysis, forecasting, and assessing industry trends. Work well as an individual while serving as a key member of the team, as a wide range of important decisions are based on actuarial projections and professional opinions. As an actuarial student, grow and develop through the company rotational program while progressing through SOA exams working toward Fellowship of the Society of Actuaries (FSA) designation.

Requirements

Bachelor's or Master's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field
Participation in a relevant Actuarial internship or three months of relevant experience
Completion of one actuarial exam and an active participant in the Actuarial Student Program, taking additional exams for FSA
Knowledge of advanced mathematical and analytical concepts
Ability to interpret complex analytical data
Communication skills, verbally and in writing
Work well under pressure and within time constraints to accomplish individual and team objectives
Advanced computer skills, including Microsoft Excel
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.

Nice To Haves

Programming skills

Responsibilities

Compile and categorize data in support of actuarial related studies, projects or reports.
Assist in preparing schedules of statistics, financial statements, premiums, reserves and benefits or other actuarial information.
Document and verify the information used in computations.
Input data and run pricing, reserving, or asset/liability models.
Learn and apply various actuarial techniques and procedures in the course of work, while developing an understanding of the company's products and actuarial methodology.
Calculate premiums, reserves and/or non-forfeiture values of new and existing plans of insurance or similar calculations.
Compile, evaluate and certify statistical data.
Document assumptions and/or methodology used in calculations.
Assist in preparing the actuarial portions of financial statements or other documents (e.g. state insurance department filings, rating agency survey forms, internal management reports, etc.)
Assist in analyzing reserves, developing rate indicators, evaluating pricing levels and/or analyzing profitability.
Complete projects with minimal supervision.
May direct the work of one or more Actuarial Students or Actuarial Technicians.

Benefits

Competitive Pay
Bonus for Eligible Employees
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs