Associate Actuary -UL IFRS Valuation Lead

Job Family

Actuarial

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.

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.

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

Directs and provides leadership in the design, pricing, and implementation of insurance products. Oversees a small team within actuarial modeling, risk management, valuation or other actuarial department.

Transamerica Life seeks a self-driven actuary for a highly visible valuation & financial reporting role. The successful candidate will be tasked with overseeing a small team of actuaries, working together to produce timely and accurate IFRS results for the entire UL block of business; and, then, to effectively communicate those results to both actuarial and non-technical audiences, including C‑Suite management. Products embedded in the candidate’s purview include some of the company’s most highly‑visible Financial Assets;

consequently, this role comes with unique opportunities and gives exposure that most roles do not.

• Understand non-routine transactions related to UL: ULSG, COI Rate Increases, policyholder behavior and mortality trends.
• Reinsurance – Mortality (3rd Party YRT and Coinsurance) and Financial (Captives), IFRS RLRC.
• Support capital initiatives such as purchases of STOLI policies (ReSTOLI).
• Adapt model functionality and output to answer a changing landscape of questions and concerns.

• Ability to work autonomously under defined timelines.
• Capable of prioritizing varied unrelated tasks.
• Efficiently oversee as well as professionally develop a small team of actuaries.
• Become a proficient modeler (GGY AXIS proficiency preferred).
• Effective communicator (oral & written) – specific prior examples may be requested.
• Demonstrated history of analyzing and analytically interpreting large data sets – specific prior examples may be requested.
• Exemplifies highest professional integrity and standards.

• Bachelor’s Degree in Actuarial…