Actuary – Validation & Special Projects (Hybrid)

Transamerica; Philadelphia (Philadelphia County); Hybrid; USD 160,000 - 180,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development Opportun

Comprehensive Benefits

Job summary

Transamerica is seeking an experienced actuary to join the Model Development and First Line Validation team in a key role focused on AXIS modeling across Life, Health and Annuity spaces. You will contribute to modeling standards, validate US GAAP implementations, and work with risk teams to design testing plans.

The position offers hybrid work with in-office days three per week at a hub location, and a 20% annual bonus potential.

Qualifications

• FSA or equivalent professional designation along with bachelor's degree in actuarial science, Mathematics, Statistics, Economics or related field and 7 years of relevant experience, In lieu of Bachelor's, will accept Master’s in a listed discipline and 5 years of relevant experience. In lieu of FSA will accept 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.

Responsibilities

• Contributes to the development of modeling best practices, standards, and frameworks applicable to AXIS models.
• Support the implementation of US GAAP calculations in the Life, Health and Annuity models.
• Leads 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 KC3 replicating spreadsheets, annual unlocking reviews, and KC8 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.
• May supervise a team of employees.

Skills

Leadership

Communication

Time management

Technical skills

SQL Server

VBA

Alteryx

Python

R

Education

FSA or equivalent professional designation with bachelor's in actuarial science/related field

Tools

AXIS

Job description

Transamerica is seeking an experienced actuary to join the Model Development and First Line Validation team in a key role focused on AXIS modeling across Life, Health and Annuity spaces. You will contribute to modeling standards, validate US GAAP implementations, and work with risk teams to design testing plans.

The position offers hybrid work with in-office days three per week at a hub location, and a 20% annual bonus potential.