Staff Actuary - LTC Valuation

Transamerica • Cedar Rapids, IA

1d • Hybrid

About The Position

Initiates, organizes, and directs actuarial research, experience studies, statistical analyses, calculations and audits.

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

• Programming skills.

Responsibilities

• Develops actuarial assumptions to use in pricing, reserving or actuarial modeling, including experience studies in support of assumptions.
• Coordinates, prepares, and performs actuarial analyses to develop pricing strategies, valuation approach or risk management strategies.
• Develops and maintains profit studies, non-forfeiture values and Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) actuarial items, reserve programs, rate files, procedures and/or similar processes.
• Prepares actuarial portion of financial reports or other documents (e.g. state insurance department filings, rating agency survey forms, internal management reports, etc.).
• Communicates actuarial research results to business unit management.
• May develop, maintain and document computer-based programs, Sarbanes-Oxley procedures and model validation.
• Maintains documentation of actuarial research and analyses.
• Provides consultation and clarification on actuarial models and risk issues.
• Coordinates and directs special actuarial projects.
• May supervise one or more Actuarial Analysts, Actuarial Students or Actuarial Technicians.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level