Associate Actuary (Validation & Special Projects)

Aegon; Northern (KY); Hybrid; USD 128,000 - 165,000; Full time

Job summary

Transamerica is seeking an Associate Actuary for Validation & Special Projects to join the actuarial model development team in the United States. This full-time role focuses on AXIS model development across Life, Health and Annuity spaces, including responsibilities such as US GAAP implementations and AI-driven workflow improvements.

The position requires a Bachelor's degree in actuarial science or related field with 5 years of experience, or equivalent combinations with professional designation

Qualifications

• Bachelor's degree in actuarial science or related field with 5 years of relevant experience.
• FSA or ASA designation; or 8 years of relevant experience if using ASA/equivalent.
• In lieu of Bachelor's, Master's in listed discipline with 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.

Responsibilities

• Contributes to optimization of modeling practices and AXIS model standards.
• Supports US GAAP calculations in Life, Health and Annuity models.
• Performs baselining and control reviews for US GAAP implementations in AXIS models.
• Collaborates with experience studies, business unit partners, and risk teams to test model changes.
• Leads special projects, including AI adoption to improve workflows in the team.

Skills

Leadership

Communication

Analytical skills

Education

Bachelor's degree in actuarial science or related field

Master's degree in listed discipline

Tools

SQL Server

VBA

Alteryx

Python

R

Job description

Associate Actuary (Validation & Special Projects)

Full Time

Actuarial

United States

This is a key position on the Transamerica actuarial Model Development and First Line Validation team. The team is responsible for the maintenance and development of actuarial models as well as first-line assurance activities. The actuary in this role will have an opportunity to work with AXIS models across the Life, Health and Annuity space. These models produce information relating to (e.g.) statutory reserves, IFRS 17 liabilities, US GAAP, tax reserves, market consistent liability valuations, economic capital, and asset adequacy testing.

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.

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.

Preferred Qualifications

Strong technical skills with experience in Microsoft SQL Server, VBA, Alteryx, Python or R

Working Conditions

This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver).

Relocation assistance will not be provided for this position

Occasional Travel <10%

Limited travel may be required

Compensation

The salary for this position generally ranges between$128,000 - $165,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, 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.

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.