Associate Actuary (Governance)

Transamerica•Cedar Rapids, IA

1d•$128,000 - $165,000•Hybrid

About The Position

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.

Requirements

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.
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

Familiarity with Model Change Management (MCM) financial metrics on multiple bases including Stat, Capital, CFT, IFRS17, 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

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 (PBR), 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

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).
Wellness Coaching
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