Actuary (Validation & Special Projects)

Transamerica•Cedar Rapids, IA

3d•$160,000 - $180,000•Hybrid

About The Position

This is a key position on the Transamerica actuarial Model Development and First Line Validation team. The team is responsible for the maintenance and development of actuarial models as well as first-line assurance activities. The actuary in this role will have an opportunity to work with AXIS models across the Life, Health and Annuity space. These models produce information relating to (e.g.) statutory reserves, IFRS 17 liabilities, US GAAP, tax reserves, market consistent liability valuations, economic capital, and asset adequacy testing.

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 technical skills with experience in Microsoft SQL Server, VBA, Alteryx, Python or R

Responsibilities

Contributes to the development of modeling best practices, standards, and frameworks applicable to AXIS models.
Support the implementation of US GAAP calculations in the Life, Health and Annuity models.
Leads baselining and control review of US GAAP implementation in AXIS models.
Works with experience studies, business unit partners, and risk teams to develop testing plans that provide assurance around actuarial model changes.
Serves as a key resource for completion of KC3 replicating spreadsheets, annual unlocking reviews, and KC8 on-top technical reviews throughout the course of the year.
Leads several special project initiatives, including AI adoption, to improve existing workflows within the Model Development and First Line Validation team.
May supervise a team of employees.

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