Job Family
Actuarial
About Us
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.
Job Description Summary
The Senior Actuary will build and analyze sophisticated models for insurance products, investments and/or portfolios to increase company risk adjusted returns. Leverage advanced knowledge of actuarial, financial, statistical, data science and/or balance sheet modeling analytics to develop, test and validate models for various functions within the company.
Responsibilities
- Design and lead multiple projects, with accountability for ongoing activities and objectives. Projects may involve modeling various insurance liabilities, fixed‑income assets and derivatives in Transamerica proprietary actuarial system.
- Review the work of others, providing direction and insight on research solutions to problems presented.
- Assess the reasonableness of financial impact for model/data changes.
- Solve complex problems; take a broad perspective to identify solutions.
- Collaborate with key stakeholders from business line valuation, ALM, risk management, financial/risk reporting, etc.
- Serve as a company‑wide expert in actuarial modeling. And act as a subject matter expert for colleagues with less experience.
- Interpret internal or external issues and recommend solutions/best practices.
- Build efficient models and processes.
- Apply judgment to modeling choices in a defensible manner, and assess the materiality of various modeling and data choices.
Qualifications
- 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.
- Exhibits effective management skills to motivate and develop a staff.
- Effectively communicates, both verbally and in writing, advanced mathematical and analytical to various audiences.
- Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
Preferred Qualifications
- Experience in advanced programming or actuarial systems customization.
- Experience with asset liability management practices.
- Comprehensive understanding of investment and finance concepts to creatively solve complex analytical problems.
Working Conditions
- This is a hybrid position requiring three days in office per week in one of our hub locations (Baltimore, Philadelphia, Cedar Rapids).
- Limited travel may be required.
Compensation
- The Salary for this position generally ranges between$157,000 - $195,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in‑office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
- Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Legal Notice
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
EEO Statement
Transamerica is an Equal Opportunity Employer. We celebrate a workplace that values, respects, and honors its staff on the basis of diversity, nondiscrimination, and equal opportunity, and we encourage all employees to apply.
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