Actuary (Model Infrastructure)

Transamerica is searching for a creative, recent FSA to join our Annuity and Retirement team! This role will focus on the ALFA modeling of Variable Annuities for the purpose of valuation reporting and projections.

Responsibilities:

• Performs responsibilities as model owner of the ALFA models: implement new products/product features or enhancements, review/understand proposed assumption and/or methodology changes, research issues and develop requirements through an understanding of variable annuities and the code and architecture of the ALFA VA models and inforce files.
• Perform administrative responsibilities as model owner of the ALFA model databases, including planning quarterly implementations, updating estimated financial impacts (EFIs), researching model issues impacting all VA models, maintaining the database, opening/closing items on the log and working with Risk regarding audits of the models.
• Coordinates the quarterly updates to ALFA with model owners and developers, while ensuring that change management and governance is followed.
• Ensures economic and policyholder behavior assumptions and modeling methods are thoroughly defined for implementation into the Variable Annuity ALFA models, representing the models and collaborating with other teams as needed.
• Finds creative solutions to modeling issues as participant on cross functional/cross product teams.
• Collaborates across different areas of the organization through project work, including IFRS17 and modernizing/automating the valuation process.

Qualifications:

• FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 6 years of relevant experience.
• In lieu of Bachelor's, will accept Master's in a listed discipline and 4 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.

Preferred Qualifications:

• Knowledge of actuarial modeling systems and Variable Annuity guarantees preferred.
• MG-ALFA experience a plus.
• Python experience a plus.

Compensation:

The Salary for this position generally ranges between $117,000 - $140,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Bonus Eligibility:

This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion.

About the Company:

Transamerica Life Insurance Company is an Equal Employment Opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.