Actuary - Model Validation & Special Projects (Hybrid)

Transamerica; Philadelphia (Philadelphia County); Hybrid; USD 128,000 - 165,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Medical Insurance

Job summary

Transamerica is seeking an experienced Actuary for Modeling Development and First Line Validation. The role focuses on AXIS model maintenance across Life, Health and Annuity, with exposure to statutory reserves, IFRS 17 liabilities, US GAAP and related valuations.

The candidate will contribute to best-practice modeling, support US GAAP implementations, and work with risk teams to design testing plans ensuring accuracy and reliability. Hybrid work in multiple hubs offered.

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.

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

Leadership

Communication

Analytical thinking

Time management

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics or related field

FSA or ASA designation

Tools

Microsoft SQL Server

VBA

Alteryx

Python or R

Job description

Transamerica is seeking an experienced Actuary for Modeling Development and First Line Validation. The role focuses on AXIS model maintenance across Life, Health and Annuity, with exposure to statutory reserves, IFRS 17 liabilities, US GAAP and related valuations.

The candidate will contribute to best-practice modeling, support US GAAP implementations, and work with risk teams to design testing plans ensuring accuracy and reliability. Hybrid work in multiple hubs offered.