Senior Actuary

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking and personal accountability are qualities we honor and reward. We embrace an environment where employees enjoy a balance between their careers, families, communities and personal interests. What We Do Transamerica is organized into three distinct businesses: (1) World Financial Group, (2) Protection Solutions and Savings & Investments, and (3) Financial Assets. The company serves a diverse customer base worldwide. Job Description Summary The Senior Actuary will build and analyze sophisticated models for insurance products, investments and/or portfolios to increase company risk‑adjusted returns. Responsibilities Design and lead multiple projects, with accountability for ongoing activities and objectives. Projects may involve modeling various insurance liabilities, fixed‑income assets and derivatives in Transamerica proprietary actuarial system. Review the work of others, providing direction and insight on research solutions to problems presented. Assess the reasonableness of financial impact for model/data changes. Collaborate with key stakeholders from business line valuation, ALM, risk management, financial/risk reporting, etc. Serve as a company‑wide expert in actuarial modeling and act as a subject matter expert for colleagues with less experience. Build efficient models and processes, applying judgment to modeling choices in a defensible manner and assessing the materiality of various modeling and data choices. Qualifications FSA or equivalent professional designation along with a Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience. In lieu of a Bachelor's, a Master’s in a listed discipline and 6 years of relevant experience will be accepted. In lieu of FSA, ASA or equivalent designation and 14 years of relevant experience will be accepted. Demonstrates high quality leadership, judgment, organization and prioritization skills. Exhibits effective management skills to motivate and develop a staff. 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 Experience in advanced programming or actuarial systems customization. Experience with asset liability management practices. Comprehensive understanding of investment and finance concepts to creatively solve complex analytical problems. Working Conditions This is a hybrid position requiring three days in office per week in one of our hub locations (Baltimore, Philadelphia, Cedar Rapids). Limited travel may be required. Compensation The Salary for this position generally ranges between $157,000 - $195,000 annually. Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. 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 in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request. #J-18808-Ljbffr