Financial Modeling Expert

2 months ago


Cedar Rapids, Iowa, United States Transamerica Full time
Job Summary

We are seeking a highly skilled Actuarial Analyst to join our team at Transamerica. As an Actuarial Analyst, you will play a critical role in supporting the development and maintenance of our actuarial models, including the LA UL and Consolidated UL models.

Key Responsibilities
  • Model Maintenance: Develop, test, and document changes to the actuarial models, ensuring accuracy and compliance with regulatory requirements.
  • Actuarial Analysis: Perform complex actuarial modeling and analysis to support the valuation of the LAUL block, including quarterly and annual results.
  • Reporting and Communication: Provide regular reports and analyses to management on persistency and mortality experience, reserve adequacy, and risk management information.
  • Documentation and Process Improvement: Maintain and update documentation of actuarial research and analyses, and identify opportunities for process improvement.
  • Adaptation to New Accounting Regime: Assist in adapting our actuarial models and processes to the new accounting regime (IFRS 17).
  • Financial Analysis: Assist with financial analysis related to the LAUL product line, as needed.
Requirements
  • Education: Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, or related field, or Master's in a listed discipline.
  • Experience: 5 years of relevant experience, or 3 years with a Master's degree.
  • Professional Designation: ASA or equivalent professional designation.
  • Skills: High-quality judgment, organization, and prioritization skills, effective communication, and advanced computer skills.
Preferred Qualifications
  • Technical Skills: Experience using GGY Axis and MoSes, programming skills in SQL, VBA, and Alteryx.
  • Communication Skills: Strong communication skills, both verbal and written.
Working Conditions

This is a normal office environment role, with a competitive salary range of $95,000 - $125,000, and eligibility for an annual bonus based on individual performance and company performance.

Transamerica offers a comprehensive benefits package, including pension plan, 401k match, employee stock purchase plan, tuition reimbursement, disability insurance, medical insurance, dental insurance, vision insurance, employee discounts, career training and development opportunities, paid time off, and ten paid holidays per year.



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