Job Details

Job Family

Actuarial

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by 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 environmentfocused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Transamerica is part of Aegon, an international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers. For more information, visit www.transamerica.com.

Who We Are

Transamerica has been making financial services accessible for over 100 years. We are a leading provider of life insurance, retirement, and investment solutions, serving millions of customers across the U.S. Our professionals focus on helping people live their best lives through saving, investing, and protecting loved ones. We offer a broad range of products, including life insurance policies, workplace benefits, retirement plans, and investment products like mutual funds and annuities.

What We Do

Our organization is divided into lines of business: Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits, supported by Corporate functions such as Finance, Risk, Technology, and more.

Job Description Summary

This role will lead the Transamerica sensitivity process, which calculates actuarial results under various economic and underwriting scenarios. The position involves developing and maintaining the sensitivity model, interacting with multiple organizational functions to coordinate and support quarterly sensitivity processes.

Responsibilities

• Refine methodologies, assumptions, and processes for the Sensitivity Tool, and review actuarial calculations and assumptions used within it.
• Develop and maintain documentation for audit and validation purposes.
• Manage the overall workflow of the Sensitivity Tool, addressing processes, calculations, and methodologies.
• Communicate effectively with lines of business, providing consultation on the tools applications and calculations.
• Assist in improving the quarterly reporting process to ensure accuracy and efficiency.
• Inform stakeholders (Finance/ALM/Risk Management) about the tools methodology and assumptions using clear communication.

Qualifications

• FSA or equivalent designation; Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, or related field, with 6 years of relevant experience. Alternatively, a Masters in a listed discipline with 4 years of experience.
• Strong leadership, judgment, organization, and prioritization skills.
• Effective verbal and written communication of complex mathematical concepts.
• Ability to work under pressure and meet deadlines.

Preferred Qualifications

• Programming skills.
• Experience with IFRS 17.
• Proficiency in computer skills.

Working Conditions

• Normal office environment.
• Limited travel may be required.

Compensation

Note: The estimated annual salary range is $117,000-$147,000, based on qualifications and location. Actual compensation may vary.

Bonus Eligibility:

This position is typically eligible for an annual bonus based on company and individual performance, at the company's discretion.

What We Offer

We provide a comprehensive benefits package supporting our employees' personal and financial well-being, including competitive pay, bonuses, pension plans, 401(k) matching, stock purchase plans, tuition reimbursement, insurance options, wellness programs, parental leave, and more.

* As of December 31, 2022

Inclusion & Diversity

We are committed to a diverse and inclusive workplace, recognized through various awards. Our Employee Resource Groups foster a supportive environment to appreciate our differences and similarities, enhancing our collective strength.

Giving Back

Through the Aegon Transamerica Foundation, we support nonprofits and community initiatives, driven by employee volunteer efforts and grants. Learn more at

Transamericas Parent Company

Aegon, acquired Transamerica in 1999. Founded in 1844, Aegon is a global leader in investment, protection, and retirement solutions, dedicated to helping people live their best lives while addressing environmental and societal issues like climate change and diversity.

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