Senior Actuary - Appointed Actuary Team

Transamerica•Cedar Rapids, IA

2d•$165,000 - $200,000•Hybrid

About The Position

The Senior Actuary will serve as a technical subject matter expert on evolving U.S. Statutory regulatory filings, particularly Actuarial Guideline (AG) 53 and AG 55, which focus on complex assets (AG 53) and asset-intensive reinsurance transactions (AG 55). This role has high-level exposure to all Transamerica product lines and functional areas and acts as a trusted partner to Actuarial, Risk, ALM, Investments, and Tax.

Requirements

FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience. In lieu of Bachelor's, will accept Master’s in a listed discipline and 6 years or relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 14 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.
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

Proficient knowledge of Asset Adequacy Testing, C3P1, AG53, and AG55
Proficient knowledge of asset liability management (ALM) concepts
Familiarity with various General Account asset structures, modeling methodology, and assumptions
Extensive experience in the insurance industry, knowledge of regulatory frameworks, and thorough understanding of financial markets.

Responsibilities

Preparation of Actuarial Guideline 53 (AG 53) and Actuarial Guideline 55 (AG 55) regulatory filings and analysis
Ownership of US Risk-Based Capital C-3 Phase 1 (RBC C3P1) quarterly production, controls, and field testing
Support of actuarial regulatory projects including principle-based reserves (PBR), cash flow testing (CFT), C3P1, C3P2, and related
Coordination of field tests, industry surveys, and annual regulatory changes
Monitor developments in actuarial techniques, laws, and regulations applicable to company operations, and competitive developments in the marketplace
Provide guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters
Support Pricing and Underwriting Risk Committee (PURC) special projects

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