Lead Business Systems Analyst - Actuarial IT

Transamerica•Cedar Rapids, IA

1d•Hybrid

About The Position

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. Transamerica is organized into three distinct businesses: World Financial Group (including Transamerica Financial Advisors), Protection Solutions and Savings & Investments (comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions), and Financial Assets (including legacy blocks of long term care, universal life, and variable and fixed annuities). These are supported by Transamerica Corporate. Transamerica employs nearly 7,000 people and is part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. The Lead Business Analyst – IT Actuarial plays a pivotal role in shaping how artificial intelligence enhances actuarial systems and decision‑making. This role leads with an AI mindset—identifying, defining, and enabling AI‑driven solutions—while serving as the bridge between actuarial experts, IT teams, and business stakeholders. The position ensures actuarial platforms, data, and models are future‑ready, leveraging automation, advanced analytics, and emerging AI capabilities across Life, Health, Retirement and Annuity products.

Requirements

Bachelor’s degree in business, Information Systems, Mathematics, Actuarial Science, Computer Science, or a related field.
Proven experience as a Business Analyst in an IT, actuarial, data, or analytics‑focused environment.
Strong understanding of Life, Health, Retirement and Annuity insurance products and actuarial processes.
Demonstrated ability to translate business and actuarial needs into AI‑aware functional and technical requirements.
Familiarity with data‑driven systems, data integrations, and analytics platforms.
Working knowledge of data analysis tools such as SQL, Excel, and BI platforms.
Strong analytical thinking, problem‑solving, and documentation skills.
Excellent communication skills, with the ability to engage effectively with actuarial, technical, and business stakeholders.

Nice To Haves

Hands‑on experience or strong conceptual understanding of AI and machine learning, including predictive modeling, NLP, or decision intelligence.
Experience supporting or partnering on AI‑enabled initiatives within actuarial, finance, or insurance domains.
Technical background in software development, data engineering, or analytics.
Exposure to actuarial or financial data platforms and large‑scale data environments.
Experience with automation, data modernization, or digital transformation initiatives.
Familiarity with Agile or hybrid delivery methodologies.
Experience in insurance or financial services organizations

Responsibilities

Lead with an AI‑first perspective to identify opportunities where artificial intelligence, automation, and advanced analytics can improve actuarial systems and processes.
Partner with actuarial business teams to gather, analyze, and document requirements, with a focus on AI‑enabled use cases such as predictive insights, automation, deep research and decision support.
Translate complex actuarial concepts into clear technical and AI‑ready specifications for IT, data, and AI engineering teams.
Collaborate with AI, data engineering, and platform teams to support AI‑driven enhancements, data integrations, and modernization initiatives.
Define and document requirements for actuarial data usage in AI/ML workflows, including data quality, lineage, and governance considerations.
Work closely with QA and validation teams to define test scenarios and validate AI outputs and system results against actuarial expectations.
Serve as a strategic bridge between business outcomes and AI‑enabled technical execution, ensuring clarity and alignment throughout delivery.
Research, evaluate, and propose AI approaches for actuarial modeling, risk assessment, process optimization, and analytics.
Support change management, documentation, and stakeholder communication related to AI adoption within actuarial functions.
Promote responsible AI usage, explainability, and transparency in actuarial systems and analytics.

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