Job Family
Actuarial

Job Description Summary
The Senior Actuary will serve as a technical subject matter expert on evolving U.S. Statutory regulatory filings, particularly Actuarial Guideline (AG) 53 and AG 55, which focus on complex assets (AG 53) and asset-intensive reinsurance transactions (AG 55).

Job Description

Responsibilities

• Preparation of Actuarial Guideline 53 (AG 53) and Actuarial Guideline 55 (AG 55) regulatory filings and analysis
• Ownership of US Risk-Based Capital C-3 Phase 1 (RBC C3P1) quarterly production, controls, and field testing
• Support of actuarial regulatory projects including principle-based reserves (PBR), cash flow testing (CFT), C3P1, C3P2, and related
• Coordination of field tests, industry surveys, and annual regulatory changes
• Monitor developments in actuarial techniques, laws, and regulations applicable to company operations, and competitive developments in the marketplace
• Provide guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters
• Support Pricing and Underwriting Risk Committee (PURC) special projects
• Role has high level exposure to all Transamerica product lines and functional areas
• Act as a trusted partner to Actuarial, Risk, ALM, Investments, and Tax

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.
• 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.

Preferred Qualifications

• Proficient knowledge of Asset Adequacy Testing, C3P1, AG53, and AG55
• Proficient knowledge of asset liability management (ALM) concepts
• Familiarity with various General Account asset structures, modeling methodology, and assumptions
• Extensive experience in the insurance industry, knowledge of regulatory frameworks, and thorough understanding of financial markets.

Working Conditions

• Hybrid Office Environment

Compensation

• The Salary for this position generally ranges between $165,000 - $200,000 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.

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

This is a hybrid position requiring three days in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, Denver). Relocation assistance will not be provided for this position.

Disclaimer:
Beware of fake job offers!

We've been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

• 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.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation 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

Health and Work/Life Balance Benefits

• 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