Intermediate Product Actuarial Analyst

Transamerica•Cedar Rapids, IA

1d•Hybrid

About The Position

Perform moderately complex calculations, modeling, reporting, risk, and compliance functions to support annuity, life, or employee benefit product development. Quantify and qualify results and perform actions required for sign-off before implementation.

Requirements

Bachelor’s degree in actuarial science, mathematics, finance, or equivalent experience
Four years of experience in modeling, business systems analysis, or data analytics
Moderate understanding of actuarial concepts, including risk management, interest rate models, etc.
Experience supporting product design projects and knowledge of associated regulatory requirements
Moderate technical proficiency to maintain and enhance policy administration systems including rate tables
Strong analytical and reporting skills
Strong written and verbal communication skills
Strong organizational skills to manage multiple priorities within deadlines
Moderate experience and skills with MS Excel formula usage and creation
Moderate experience with modeling software and programming languages (e.g. Access, SQL, Visual Basic)
Advanced skill at working independently and collaborating in a team environment

Responsibilities

Perform moderately complex actuarial calculations, data analytics, and business systems analysis using custom and production administrative and illustrations systems.
Align moderately complex calculations and testing requirements with product/pricing designs and state/federal regulations.
Demonstrate thorough understanding of product and calculation specifications and/or numerical examples.
Create and use moderately complex formulas/macros and tools to validate system alignment with product specifications.
Develop and maintain tools used for manual calculations and/or rate-determination.
Perform manual calculations of various product features and benefits where system limitations exist, providing prompt and accurate values to operations partners.
Provide signoff on product related technical requirements, test plans, and user acceptance testing for projects of medium or limited scope.
Demonstrate moderate understanding of system navigation, transaction activity, tables, and other system features.
Perform regular, periodic, and time-sensitive tasks with accuracy and consistently meet or exceed deadlines.
Extract and integrate data from various databases to analyze and reconcile data contained in financial or customer impact reports for internal use.
Support internal and external financial audits and controls by producing evidence of system calculation accuracy.
Identify and implement process improvements and solutions.

Benefits

Compensation
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
Health and Work/Life Balance Benefits
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