Transamerica
Staff Actuary - Traditional Life Valuation
Transamerica, Denver, Colorado, United States, 80285
Job FamilyActuarialAbout UsAt Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by 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.Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 2,500 people and have approximately 31.7 million customers. For more information, visit
www.transamerica.com
.Who We AreTransamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States.Job Description SummaryThe Staff Actuary, Traditional Valuation and Model Development will assist in calculating and presenting financial results related to the Traditional Life suite of products. This person will work with a small team within the life valuation actuarial department.Job DescriptionResponsibilitiesSupport the model maintenance for the Traditional Life models, including developing, testing, implementing, and documenting model changes in conjunction with performing the necessary controls and interpreting and communicating results.Perform actuarial modeling and analyses to assist in the valuation of the traditional life block, including preparing and analyzing quarterly and annual results and assisting in earnings presentations with management.Provide reports and analyses to management on persistency and mortality experience for various product lines, reserve adequacy, and risk management information.Modernize and maintain current documentation of the Traditional life modeling processes, including quarter-end, assumptions updating, unlocking, financial planning, and cash flow testing.Ongoing adaptation of IFRS 17, continuing to adapt to the new accounting regime.Assist as needed with financial analysis related to the traditional life product line.Maintain thorough documentation of actuarial research and analyses.May represent the company on industry and professional committees and/or with regulators.May supervise a small team of employees.QualificationsBachelor'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.Preferred QualificationsExperience using GGY Axis and MoSes.Programming skills including SQL, VBA, and Alteryx.Strong communication skills, both verbal and written.Working ConditionsNormal remote environment.What We OfferFor eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.Compensation BenefitsCompetitive PayBonus for Eligible EmployeesBenefits PackagePension Plan401k MatchEmployee Stock Purchase PlanTuition ReimbursementDisability InsuranceMedical InsuranceDental InsuranceVision InsuranceEmployee DiscountsCareer Training & Development OpportunitiesHealth and Work/Life Balance BenefitsPaid 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 AssistanceEmployee Assistance ProgramCollege Coach ProgramBack-Up Care ProgramPTO for Volunteer HoursEmployee Matching Gifts ProgramEmployee Resource GroupsInclusion and Diversity ProgramsEmployee Recognition ProgramReferral Bonus ProgramsPeer Recognition Program (BRAVO)Inclusion & DiversityWe believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts.Giving BackWe believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994.
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www.transamerica.com
.Who We AreTransamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States.Job Description SummaryThe Staff Actuary, Traditional Valuation and Model Development will assist in calculating and presenting financial results related to the Traditional Life suite of products. This person will work with a small team within the life valuation actuarial department.Job DescriptionResponsibilitiesSupport the model maintenance for the Traditional Life models, including developing, testing, implementing, and documenting model changes in conjunction with performing the necessary controls and interpreting and communicating results.Perform actuarial modeling and analyses to assist in the valuation of the traditional life block, including preparing and analyzing quarterly and annual results and assisting in earnings presentations with management.Provide reports and analyses to management on persistency and mortality experience for various product lines, reserve adequacy, and risk management information.Modernize and maintain current documentation of the Traditional life modeling processes, including quarter-end, assumptions updating, unlocking, financial planning, and cash flow testing.Ongoing adaptation of IFRS 17, continuing to adapt to the new accounting regime.Assist as needed with financial analysis related to the traditional life product line.Maintain thorough documentation of actuarial research and analyses.May represent the company on industry and professional committees and/or with regulators.May supervise a small team of employees.QualificationsBachelor'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.Preferred QualificationsExperience using GGY Axis and MoSes.Programming skills including SQL, VBA, and Alteryx.Strong communication skills, both verbal and written.Working ConditionsNormal remote environment.What We OfferFor eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.Compensation BenefitsCompetitive PayBonus for Eligible EmployeesBenefits PackagePension Plan401k MatchEmployee Stock Purchase PlanTuition ReimbursementDisability InsuranceMedical InsuranceDental InsuranceVision InsuranceEmployee DiscountsCareer Training & Development OpportunitiesHealth and Work/Life Balance BenefitsPaid 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 AssistanceEmployee Assistance ProgramCollege Coach ProgramBack-Up Care ProgramPTO for Volunteer HoursEmployee Matching Gifts ProgramEmployee Resource GroupsInclusion and Diversity ProgramsEmployee Recognition ProgramReferral Bonus ProgramsPeer Recognition Program (BRAVO)Inclusion & DiversityWe believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts.Giving BackWe believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994.
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