Actuary- VA/IFRS Reporting

Transamerica Corporation; Baltimore (MD); On-site; USD 80,000 - 110,000; Full time

Job summary

Transamerica Corporation in Baltimore is seeking an Actuary to manage actuarial functions for insurance products, ensuring compliance and profitability. The ideal candidate will hold an FSA or equivalent and possess strong leadership and analytical skills, bringing over 7 years of experience in this field.

The role involves leading projects, communicating complex mathematical concepts, and interacting with regulators. An office environment with occasional travel (<10%) is expected.

Qualifications

• 7 years of relevant experience in actuarial functions.
• Ability to effectively communicate advanced concepts.
• Experience managing teams and projects.

Responsibilities

• Lead preparation and interpretation of actuarial information.
• Monitor product profitability and develop supporting reports.
• Ensure compliance with state and federal regulations.
• Manage actuarial studies and provide assumptions to others.
• Represent the company on industry committees.

Skills

Leadership

Communication

Analytical Skills

Computer Skills

Education

FSA or equivalent professional designation

Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or a related field

Master’s in Actuarial Science or related discipline

ASA or equivalent professional designation

Job description

Job Description Summary

Manages one or more actuarial functions for a product line or corporate process. May evaluate new product ideas, pricing, and maintenance of existing products. May direct the design, pricing, and implementation of insurance products.

Responsibilities

• Leads the preparation and interpretation of actuarial information for presentation to management.
• Monitors profitability by line of business and/or product and develops supporting reports and/or analyses.
• Maintains the product line or corporate process to comply with various state and federal regulations.
• Manages studies that underlie actuarial assumptions and provides assumptions and data to others.
• May support creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development.
• Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace.
• Recommends appropriate reactions to these developments.
• Provides guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters.
• Serves as a key resource for completion of one or more major recurring projects during the course of the year.
• Represents the company on industry and professional committees and/or with regulators.
• May supervise a team of employees.

Qualifications

• FSA or equivalent professional designation along with a Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Economics or a related field and 7 years of relevant experience.
• In lieu of a Bachelor’s, a Master’s in a listed discipline and 5 years of relevant experience.
• In lieu of an FSA, an ASA or equivalent professional designation and 10 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

• Programming skills.
• VA/RILA knowledge.
• GAAP knowledge.

Working Conditions

• Office Environment.
• Occasional Travel <10%.
• Limited travel may be required.

Additional Information

• 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.