Global Life Product Actuarial Analyst

Transamerica; Cedar Rapids (IA); Hybrid; USD 69,000 - 85,000; Full time

Benefits offered by this job

Competitive pay

Annual bonus program

Excellent benefits package

Pension plan

401k matching

Employee stock purchase plan

Tuition reimbursement

Medical insurance

Dental insurance

Vision insurance

Employee discounts

Career training & development

Health and work-life balance benefits

Paid time off 160 hours+ yearly

NYSE holiday parity

Be Well wellness program

Parental leave

Adoption assistance

Employee assistance program

Back-up care program

Volunteer PTO

Employee matching gifts

ERGs & diversity programs

Employee recognition program

Referral bonus programs

Job summary

Transamerica is seeking an Actuary in Iowa to perform moderately complex calculations and data analytics in support of life product development. The role requires strong analytical, Excel, and regulatory knowledge, with a hybrid in-office expectation in Cedar Rapids or Denver.

You will align pricing designs to regulations, develop tools for rate determinations, and contribute to audits and process improvements as part of a collaborative actuarial team.

Qualifications

• Bachelor’s degree in actuarial science, mathematics, finance, or equivalent experience.
• Four years of experience in modeling, business systems analysis, or data analytics.
• Moderate understanding of actuarial concepts, including risk management, interest rate models, etc.
• Experience supporting product design projects and knowledge of associated regulatory requirements.
• Moderate technical proficiency to maintain and enhance policy administration systems including rate tables.
• Strong analytical and reporting skills.
• Strong written and verbal communication skills.
• Strong organizational skills to manage multiple priorities within deadlines.
• Moderate experience and skills with MS Excel formula usage and creation.
• Moderate experience with modeling software and programming languages (e.g. Access, SQL, Visual Basic).
• Advanced skill at working independently and collaborating in a team environment.

Responsibilities

• Perform moderately complex actuarial calculations, data analytics, and business systems analysis using custom and production administrative and illustration systems.
• Align moderately complex calculations and testing requirements with product/pricing designs and state/federal regulations.
• Demonstrate thorough understanding of product and calculation specifications and/or numerical examples.
• Create and use moderately complex formulas/macros and tools to validate system alignment with product specifications.
• Develop and maintain tools used for manual calculations and/or rate‑determination.
• Perform manual calculations of various product features and benefits where system limitations exist, providing prompt and accurate values to operations partners.
• Provide signoff on product related technical requirements, test plans, and user acceptance testing for projects of medium or limited scope.
• Demonstrate moderate understanding of system navigation, transaction activity, tables, and other system features.
• Perform regular, periodic, and time‑sensitive tasks with accuracy and consistently meet or exceed deadlines.
• Extract and integrate data from various databases to analyze and reconcile data contained in financial or customer impact reports for internal use.
• Support internal and external financial audits and controls by producing evidence of system calculation accuracy.
• Identify and implement process improvements and solutions.

Skills

Analytical skills

Communication skills

Organizational skills

Excel skills

Data analytics

Regulatory knowledge

Education

Bachelor’s degree in actuarial science, mathematics, finance, or equivalent experience

Tools

Access

SQL

Visual Basic

Job description

Transamerica is seeking an Actuary in Iowa to perform moderately complex calculations and data analytics in support of life product development. The role requires strong analytical, Excel, and regulatory knowledge, with a hybrid in-office expectation in Cedar Rapids or Denver.

You will align pricing designs to regulations, develop tools for rate determinations, and contribute to audits and process improvements as part of a collaborative actuarial team.