Actuary – VA Model Development & Validation

Transamerica•Cedar Rapids, IA

6d•$145,000 - $195,000•Hybrid

About The Position

The Actuary – Model Development & Validation will support Transamerica’s Variable Annuity and RILA businesses by leading user acceptance testing (UAT), performing technical reviews of model changes, and supporting Trinity model development. This role ensures accuracy, compliance, and efficiency in actuarial modeling processes, while partnering with stakeholders to maintain robust controls and deliver actionable insights.

Requirements

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.

Nice To Haves

Strong knowledge of Variable Annuity and RILA products.
Proficiency in actuarial modeling systems (e.g., Trinity, AXIS) and programming languages (e.g., VBA, Python).
Excellent analytical, problem-solving, and communication skills.
Experience managing a team.

Responsibilities

Lead and coordinate User Acceptance Testing (UAT) for actuarial models, ensuring functionality aligns with business requirements and regulatory standards.
Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance.
Support development and maintenance of Trinity models, including enhancements for new product features and regulatory updates.
Collaborate with valuation, pricing, and risk teams to ensure consistency across modeling platforms.
Document and communicate testing results, technical findings, and recommendations to stakeholders.
Drive process improvements and automation in model validation and testing workflows.
Monitor emerging regulatory and accounting standards impacting actuarial models and incorporate necessary changes.
Provide technical guidance and mentorship to junior team members.
May manage a small team.

Benefits

Competitive Pay
Bonus for Eligible Employees
Benefits Package
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