Actuary – VA Model Development & Validation

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.
* Lead and coordinate User Acceptance Testing (UAT) for actuarial models, ensuring functionality aligns with business requirements and regulatory standards.
* Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance.
* Support development and maintenance of Trinity models, including enhancements for new product features and regulatory updates.
* Collaborate with valuation, pricing, and risk teams to ensure consistency across modeling platforms.
* Document and communicate testing results, technical findings, and recommendations to stakeholders.
* Drive process improvements and automation in model validation and testing workflows.
* Monitor emerging regulatory and accounting standards impacting actuarial models and incorporate necessary changes.
* Provide technical guidance and mentorship to junior team members. May manage a small team.
* FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 7 years of relevant experience, In lieu of Bachelor's, will accept Master's in a listed discipline and 5 years of relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 10 years of relevant experience
* Demonstrates high quality leadership, 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.
* Excellent computer skills.
* Strong knowledge of Variable Annuity and RILA products.
* Proficiency in actuarial modeling systems (e.g., Trinity, AXIS) and programming languages (e.g., VBA, Python).
* Excellent analytical, problem-solving, and communication skills.
* Experience managing a team.

- The Salary for this position generally ranges between $145,000 - $195,000 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.
* Pension Plan
* 401k Match
* Employee Stock Purchase Plan
* Tuition Reimbursement
* Disability Insurance
* Medical Insurance
* Dental Insurance
* Vision Insurance
* Employee Discounts
* Career Training & Development Opportunities
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