Actuary, Model Validation & Special Projects

Transamerica Corporation; Iowa, Northern (LA, KY); Hybrid; USD 128,000 - 165,000; Full time

Benefits offered by this job

Competitive Pay

Annual Bonus Eligible

401k Match

Health Insurance

Pension Plan

Tuition Reimbursement

Employee Discounts

Career Training & Development

Job summary

Transamerica is seeking an Actuarial professional to support modeling development and first-line validation for AXIS models across Life, Health, and Annuity. You will work on statutory reserves, IFRS17 liabilities, US GAAP, tax reserves, and capital calculations.

The role involves collaboration with risk teams, experience studies, and business units, with a hybrid in-office schedule across designated hub locations. Strong leadership and communication skills are essential.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, economics or related field.
• 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 advanced mathematical and analytical concepts to various audiences.
• Works well under pressure and within time constraints to accomplish objectives.
• Excellent computer skills.

Responsibilities

• Contributes to the development of modeling best practices, standards, and frameworks applicable to AXIS models.
• Supports the implementation of US GAAP calculations in the Life, Health and Annuity models.
• Supports baselining and control review of US GAAP implementation in AXIS models.
• Works with experience studies, business unit partners, and risk teams to develop testing plans that provide assurance around actuarial model changes.
• Serves as a key resource for completion of replicating spreadsheets, annual unlocking reviews, and on-top technical reviews throughout the course of the year.
• Leads several special project initiatives, including AI adoption, to improve existing workflows within the Model Development and First Line Validation team.

Skills

SQL Server

VBA

Alteryx

Python

R

Education

Bachelor's degree in actuarial science, mathematics, statistics, economics or related field

Job description

Transamerica is seeking an Actuarial professional to support modeling development and first-line validation for AXIS models across Life, Health, and Annuity. You will work on statutory reserves, IFRS17 liabilities, US GAAP, tax reserves, and capital calculations.

The role involves collaboration with risk teams, experience studies, and business units, with a hybrid in-office schedule across designated hub locations. Strong leadership and communication skills are essential.