Staff Actuary - Annuities Valuation

Transamerica•Cedar Rapids, IA

1d•Hybrid

About The Position

The Staff Actuary will play a key role within the VA/RILA Reporting group, supporting IFRS 17 financial reporting and U.S. GAAP (LDTI) reporting post conversion. This role is responsible for executing complex actuarial and risk analyses for variable annuity and registered index linked annuity products. The position partners closely with actuarial, finance, investments, and risk management teams to ensure accurate, timely, and well-controlled financial reporting. In addition, this role supports assumption development, model governance, and financial reporting deliverables aligned with enterprise risk management objectives.

Requirements

Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience. In lieu of Bachelor's, will accept Master's in a listed discipline and 3 years of relevant experience.
ASA or equivalent professional designation.
Demonstrates high quality 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.
Advanced computer skills

Nice To Haves

Direct experience with IFRS 17 reporting, implementation, or ongoing production support
Strong knowledge of VA/RILA products, derivatives, and capital markets
Familiarity with U.S. GAAP (LDTI) reporting
Experience working in a controlled reporting environment (documentation, governance, audit)
Programming or model development experience preferred

Responsibilities

Perform actuarial and risk analysis to support IFRS 17 and U.S. GAAP reporting for VA/RILA products
Develop and analyze assumptions used in valuation, financial reporting, and risk management
Assess key risks (market, interest rate, credit, liquidity, and hedging) and their financial impacts
Support production, validation, and explanation of IFRS 17 and GAAP financial results
Prepare actuarial reporting components, including reserves, financial reports, and supporting documentation
Partner with actuarial, finance, ALM, and investment teams to review models, results, and controls, and communicate insights to leadership

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