Associate Actuary - LTC Experience Analytics

Transamerica Corporation; Cedar Rapids (IA); Hybrid; USD 128,000 - 165,000; Full time

Benefits offered by this job

Annual Bonus

Hybrid working model

Job summary

Transamerica Corporation is seeking a leader for the design, pricing, and implementation of insurance products. Located in Cedar Rapids, this hybrid position combines leadership in the actuarial department with operational analyses. Candidates should have strong actuarial credentials and experience in managing teams.

The role requires strong analytical skills, communication abilities, and the capacity to work under pressure. A competitive salary and an annual bonus based on performance are offered.

Qualifications

• 5 years of relevant experience with a Bachelor's degree or equivalent.
• 4 years of relevant experience with a Master's degree.
• 8 years of relevant experience with an ASA designation.

Responsibilities

• Lead design, pricing, and implementation of insurance products.
• Provide analyses on sales and mortality for various product lines.
• Manage studies that underlie actuarial assumptions.

Skills

Leadership

Analytical skills

Communication

Pressure management

Computer skills

Education

Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics

Master’s in a related field

FSA

ASA

Tools

Statistical Software

Programming tools

Job description

Job Description Summary

Directs and provides leadership in the design, pricing, and implementation of insurance products. Oversees a small team within actuarial modeling, risk management, valuation or other actuarial department.

Responsibilities

• Provides reports and analyses to management on sales, persistency and mortality or morbidity experience for various product lines, reserve adequacy, risk management information, or various other similar items.
• 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.
• May represent the company on industry and professional committees and/or with regulators.
• May supervise a small team of employees.

Qualifications

• FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
• In lieu of Bachelor’s, will accept Master’s in a listed discipline and 4 years of relevant experience.
• In lieu of FSA will accept ASA or equivalent professional designation and 8 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.

Compensation

The salary for this position generally ranges between $128,000 - $165,000 annually. This position is typically eligible for an Annual Bonus of 15% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Working Conditions

This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Philadelphia, or Denver). Relocation assistance will not be provided for this position. Occasional travel <10%.