Associate Actuary - UL Valuation
Transamerica, Denver, CO, United States
Job Description Summary
Transamerica Life seeks a self‑driven actuary with a strong interest in leading GAAP implementation and ongoing GAAP governance efforts for Universal Life (UL) products. This highly visible role partners closely with teams such as model development, accounting, and finance to interpret evolving accounting requirements, ensure accurate and efficient execution of GAAP changes, and support the development of robust financial reporting processes. The successful candidate will work with a high degree of independence, guiding analytical workstreams, evaluating UL specific assumptions and methodologies, and delivering insights that influence financial results and business decisions. The ideal candidate will demonstrate strong communication skills with both actuarial and non‑technical senior leadership, collaborate effectively across functions, and recommend practical, well‑supported actions when navigating complex GAAP or modeling considerations.
Responsibilities
Lead implementation of GAAP valuation reporting for the UL blocks of business
Prepare reports and tools used to analyze quarterly GAAP financial results
Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance
Exercise significant judgment in setting priorities and determining necessary tasks
Document and communicate testing results, technical findings, and recommendations to stakeholders
Required Skillsets
Ability to work autonomously within defined timelines
Experience with life insurance products
Proficient modeler (AXIS proficiency strongly preferred)
Effective oral and written communication skills (specific prior examples may be requested)
Demonstrated history of analyzing and interpreting large data sets (specific prior examples may be requested)
Exemplifies the highest professional integrity and standards
Qualifications
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience
FSA or equivalent professional designation. In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience
In lieu of Bachelor's, will accept Master's in a listed discipline and 4 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
Excellent computer skills
Preferred Qualifications
GGY AXIS and Power BI experience
SQL, VBA, Python, and/or Alteryx programming
Strong communication skills, both verbal and written
Prior experience with GAAP LDTI reporting
Working Conditions
This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver)
Relocation assistance will not be provided for this position
Occasional travel may be required
Compensation The salary for this position generally ranges between $128,000 – $165,000 annually. Salary may vary above and below the stated amounts, as permitted by applicable law. This position is typically eligible for an annual bonus of 15% based on the company bonus plan/individual performance and is at the company’s discretion.
Disclaimer Beware of fake job offers. We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. We will never request personal information such as ID or payment for equipment upfront. Official offers are sent via DocuSign following a verbal offer—not through text or email. This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
Benefits For eligible employees, Transamerica offers a comprehensive benefits package designed to support both the personal and financial well‑being of our employees, including competitive pay, bonus opportunities, retirement plans, insurance coverage, wellness programs, parental leave, and additional employee resources.
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Responsibilities
Lead implementation of GAAP valuation reporting for the UL blocks of business
Prepare reports and tools used to analyze quarterly GAAP financial results
Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance
Exercise significant judgment in setting priorities and determining necessary tasks
Document and communicate testing results, technical findings, and recommendations to stakeholders
Required Skillsets
Ability to work autonomously within defined timelines
Experience with life insurance products
Proficient modeler (AXIS proficiency strongly preferred)
Effective oral and written communication skills (specific prior examples may be requested)
Demonstrated history of analyzing and interpreting large data sets (specific prior examples may be requested)
Exemplifies the highest professional integrity and standards
Qualifications
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience
FSA or equivalent professional designation. In lieu of FSA will accept ASA or equivalent professional designation and 8 years of relevant experience
In lieu of Bachelor's, will accept Master's in a listed discipline and 4 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
Excellent computer skills
Preferred Qualifications
GGY AXIS and Power BI experience
SQL, VBA, Python, and/or Alteryx programming
Strong communication skills, both verbal and written
Prior experience with GAAP LDTI reporting
Working Conditions
This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver)
Relocation assistance will not be provided for this position
Occasional travel may be required
Compensation The salary for this position generally ranges between $128,000 – $165,000 annually. Salary may vary above and below the stated amounts, as permitted by applicable law. This position is typically eligible for an annual bonus of 15% based on the company bonus plan/individual performance and is at the company’s discretion.
Disclaimer Beware of fake job offers. We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. We will never request personal information such as ID or payment for equipment upfront. Official offers are sent via DocuSign following a verbal offer—not through text or email. This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
Benefits For eligible employees, Transamerica offers a comprehensive benefits package designed to support both the personal and financial well‑being of our employees, including competitive pay, bonus opportunities, retirement plans, insurance coverage, wellness programs, parental leave, and additional employee resources.
#J-18808-Ljbffr