Associate Actuary - UL Valuation

Transamerica•Cedar Rapids, IA

17h•$128,000 - $165,000•Hybrid

About The Position

Transamerica Life seeks a self driven actuary with a strong interest in leading GAAP implementation and ongoing GAAP governance efforts for Universal Life (UL) products. This highly visible role partners closely with teams such as model development, accounting, and finance to interpret evolving accounting requirements, ensure accurate and efficient execution of GAAP changes, and support the development of robust financial reporting processes. The successful candidate will work with a high degree of independence, guiding analytical workstreams, evaluating UL specific assumptions and methodologies, and delivering insights that influence financial results and business decisions. The ideal candidate will demonstrate strong communication skills with both actuarial and non technical senior leadership, collaborate effectively across functions, and recommend practical, well supported actions when navigating complex GAAP or modeling considerations.

Requirements

Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
FSA or equivalent professional designation. In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience.
In lieu of Bachelor's, will accept Master's in a listed discipline and 4 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

GGY AXIS and Power BI experience.
SQL, VBA, Python, and/or Alteryx programming.
Strong communication skills, both verbal and written.
Prior experience with GAAP LDTI reporting.

Responsibilities

Lead implementation of GAAP valuation reporting for the UL blocks of business
Prepare reports and tools used to analyze quarterly GAAP financial results
Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance.
Exercise significant judgment in setting priorities and determining necessary tasks.
Document and communicate testing results, technical findings, and recommendations to stakeholders.
Ability to work autonomously within defined timelines.
Experience with life insurance products.
Proficient modeler (AXIS proficiency strongly preferred).
Effective oral and written communication skills (specific prior examples may be requested).
Demonstrated history of analyzing and interpreting large data sets (specific prior examples may be requested).
Exemplifies the highest professional integrity and standards.

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