Staff Actuary - LTC Valuation

Transamerica Corporation; Iowa, Northern (LA, KY); Hybrid; USD 100,000 - 125,000; Full time

Benefits offered by this job

Hybrid work model

Hub locations: Cedar Rapids, Baltimore

Philadelphia, Denver

Job summary

Transamerica is seeking a Staff Actuary for LTC Valuation, with responsibilities spanning pricing, reserving, and actuarial modeling. The role involves developing assumptions, performing analyses, and preparing financial/IRFS/GAAP filings. Hybrid work in hub cities is available.

Ideal candidates hold a Bachelor’s in a related field, 5+ years of actuarial experience, and ASA or equivalent; programming skills are a plus. Collaboration with management and teams across locations is expected.

Qualifications

• Bachelor’s in Actuarial Science, Mathematics, Statistics, Economics or related field.
• At least 5 years of relevant actuarial experience; ASA or equivalent is preferred.
• Strong programming and advanced computer skills; ability to communicate clearly.

Responsibilities

• Develops actuarial assumptions for pricing, reserving, or modeling.
• Coordinates, prepares, and performs actuarial analyses for pricing strategies, valuation, or risk management.
• Maintains profit studies, GAAP/IFRS items, reserve programs, rate files, and related procedures.
• Prepares actuarial portions of financial reports and regulatory filings.
• Communicates actuarial research results to management.
• May supervise Actuarial Analysts or Technicians and handle special projects.

Skills

Advanced mathematical skills

Analytical thinking

Communication skills

Programming skills

Education

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

Master's degree (accepted)

ASA or equivalent professional designation

Job description

## Staff Actuary - LTC ValuationApply: Cedar Rapids, Iowa: Denver, Colorado: Baltimore, Maryland: Philadelphia, Pennsylvania: Full time: Posted Today: R20062718**Job Family**Actuarial**About Us**At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.**Who We Are**We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.**What We Do**Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.\\* For more information, visit transamerica.com.**Job Description Summary**Initiates, organizes, and directs actuarial research, experience studies, statistical analyses, calculations and audits.**Job Description****Responsibilities** * Develops actuarial assumptions to use in pricing, reserving or actuarial modeling, including experience studies in support of assumptions.* Coordinates, prepares, and performs actuarial analyses to develop pricing strategies, valuation approach or risk management strategies.* Develops and maintains profit studies, non-forfeiture values and Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) actuarial items, reserve programs, rate files, procedures and/or similar processes.* Prepares actuarial portion of financial reports or other documents (e.g. state insurance department filings, rating agency survey forms, internal management reports, etc.).* Communicates actuarial research results to business unit management.* May develop, maintain and document computer-based programs, Sarbanes-Oxley procedures and model validation.* Maintains documentation of actuarial research and analyses.* Provides consultation and clarification on actuarial models and risk issues.* Coordinates and directs special actuarial projects.* May supervise one or more Actuarial Analysts, Actuarial Students or Actuarial Technicians.**Qualifications** * 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 3 years of relevant experience.* ASA or equivalent professional designation.* Demonstrates high quality 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.* Advanced computer skills.**Preferred Qualifications** * Programming skills. **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 **Compensation**The salary for this position generally ranges between $100,000 - $125,000 annually. ***Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including***qualifications, 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 12.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. **Disclaimer:***Beware of fake job offers!*We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:* We will **never** request personal information such as ID or payment for equipment upfront.* Official offers are sent via **DocuSign** following a verbal offer—not through text or email.#LI-HR1*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.*