Cedar Rapids IA

Chicago IL

Dallas TX

Denver CO

New York NY

Plano TX

Remote

Saint Petersburg FL

Sun Prairie WI

Associate

Qualified

Senior Actuary

Life

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Systems

Python

Modelling

Coding

Pricing

Valuation

Time Type: Full timeWorker Type: EmployeeThe OpportunityPrimary Responsibilities<ul><li>Leads portfolio studies to refresh pricing parameters including loss cost, frequency, severity, credibility, and other components.</li><li>Leads updates to pricing raters and tools to accommodate business feedback and newest studies.</li><li>Leverages large datasets to support analysis and appropriate actuarial judgement and business acumen when data is thin or otherwise lacking.</li><li>Clear communication of studies to business partners and demonstrates a clear understanding of business priorities.</li><li>Identifies gaps in data capture tools and schemas and develops plans to bridge these gaps.</li><li>Supports reporting and ad hoc requests for portfolio using pricing tools and databases as needed.</li></ul>Required Education<ul><li>Bachelor's Degree or equivalent combination of education and work experience</li></ul>Required Experience<ul><li>7 years relevant experience</li></ul>Preferred Competencies/Skills<ul><li>Transactional pricing</li><li>Exposure to Construction or Excess Casualty P&C lines of business.</li><li>Ability to leverage modern tools and programming languages, e.g., SQL, R, Python, etc., to develop analysis.</li><li>Implement planning to prioritize, organize, measure work.</li><li>Influence team to adopt recommendations.</li><li>Adapt and be flexible in a complex changing environment.</li><li>Choose a solution to a problem even in ambiguous or difficult situations.</li><li>Clearly and confidently convey information to a wide audience.</li><li>Keep an open mind, consider unique approaches and be open to change and considerable variety in the workplace.</li><li>Utilize accurate and thorough approach to budgetary information gathering and proposal preparation.</li><li>Utilize motivational, inspirational and enthusiastic approach to team leading and management.</li><li>Establish a high degree of trust and credibility with others.</li></ul>Preferred Education Specifics<ul><li>Degree in Mathematics, Statistics, Finance, Economics or other quantitative field</li></ul>Preferred Experience<ul><li>7+ years of experience in property and casualty actuarial field.</li><li>Experience with actuarial analyses or predictive modeling in area of responsibility.</li><li>Increasing levels of responsibility.</li></ul>Preferred Licenses/Certifications<ul><li>7+ casualty actuarial exams</li></ul>Preferred Knowledge<ul><li>Advanced working knowledge of current and possible future policies, practices, trends, technology and information affecting the business and organization.</li><li>Advanced working knowledge of computer systems and software.</li><li>Current and contemporary actuarial pricing and reserving techniques and best practices.</li></ul>About QBEWe can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future by helping those around us build strength and embrace change to their advantage.We’re an international insurer that’s building momentum towards realizing our vision of becoming the most consistent and innovative risk partner.And our people will be at the center of our success. We’re proud to work together, and encourage each other to enable resilience for our customers, our environment, our economies and our communities.With more than 12,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.We believe this is our moment: What if it was yours too?Your career at QBE — let’s make it happen!US Only - Travel Frequency<ul><li>Infrequent (approximately 1-4 trips annually)</li></ul>US Only - Physical Demands<ul><li>General office jobs: Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions.</li><li>Must have the ability to remain in a stationary position for extended periods of time.</li><li>Must be able to operate basic office equipment including telephone, headset and computer.</li><li>Incumbent must be able to lift basic office equipment up to 20 lbs.</li></ul>US Only - DisclaimerTo successfully perform this job, the individual must be able to perform each essential job responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.Job Type<ul><li>Manager</li></ul>Global DisclaimerThe duties listed in this job description do not limit the assignment of work. They are not to be construed as a complete list of the duties normally to be performed in the position or those occasionally assigned outside an employee’s normal duties.Inclusion of DiversityAt QBE, we are deeply committed to fostering an inclusive workplace where each person is valued and respected for their authentic selves.CompensationBase pay offered will vary depending on education, experience, skills, geographic location and business needs.Annual Salary Range: $152,000 - $228,000Benefit HighlightsYou are more than your work – and QBE is more than a workplace, which is why QBE provides you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally.Employees scheduled over 30 hours a week will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health.We also offer a competitive 401(k) contribution and a paid-time off program.In addition, our paid-family and care-giver leaves are available to support our employees and their families.Regular full-time and part-time employees will also be eligible for QBE’s annual discretionary bonus plan based on business and individual performance.At QBE, we understand that exceptional employee benefits go beyond mere coverage and compensation.We recognize the importance of flexibility in the work environment to promote a healthy balance, and we are committed to facilitating personal and professional integration for our employees.If this role necessitates a hybrid working model, candidates must be open to attending the office 8-12 days per month.

Transamerica will begin reporting earnings under IFRS 9 and IFRS 17 for the first time beginning with Q1 2023. The Transamerica IFRS 17 team has worked for several years to get ready for this event. However, the project will continue well beyond Q1 2023:<ul><li>Training management and various teams throughout Transamerica on IFRS 17</li><li>Refining IFRS 17 methodologies and assumptions</li><li>Helping understand and tell the earnings “story” under IFRS 17</li><li>Making “on-top” adjustments to overcome current tooling limitations</li><li>Problem-solving: consulting with product actuaries, reporting accountants, the hedge team, and tax accountants to help solve questions or issues that may arise during the early quarters of IFRS 17 reporting</li><li>Projecting earnings and developing “rules of thumb” for helping management understand the expected pattern of earnings and the risks</li></ul>This position will be responsible for consulting across the organization to problem solve, refine methodologies, address issues across the organization with IFRS17 reporting, and facilitate organizational readiness. As issues arise, this person will help determine the best solutions and consult with reporting actuaries and accountants to make “on-top” adjustments to overcome current tooling limitations. The position will interact with a wide range of functions and specialties across the organization.Responsibilities:<ul><li>Trains management and various teams throughout Transamerica on IFRS 17</li><li>Refines IFRS 17 methodologies and assumptions</li><li>Helps understand and tell the earnings “story” under IFRS 17</li><li>Develop “rules of thumb” for helping management understand the expected pattern of earnings and the risks</li><li>Team with reporting actuaries and accountants to make “on-top” adjustments when needed to overcome current tooling limitations</li><li>Problem-solving: consulting with product actuaries, reporting accountants, the hedge team, and tax accountants to help solve questions or issues that may arise during the early quarters of IFRS 17 reporting</li><li>Plays an active role in guiding the preparation and interpretation of actuarial and financial information</li><li>Exercises significant judgment in setting priorities and determining necessary tasks</li><li>Provides guidance and advice regarding technical actuarial issues such as financial statement mechanics, modeling methodology, and related matters</li><li>Leads the preparation and interpretation of actuarial information for presentation to Senior Management</li><li>Supports and assists Actuarial management to develop actuarial policies and procedures</li><li>Leads several key projects at various times during the year</li><li>Leads the development of actuarial talent within the organization</li><li>Represents the company on industry and professional committees and/or with regulators</li><li>Manages 1-2 employees</li></ul>Qualifications:<ul><li>FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience</li><li>In lieu of Bachelor's, will accept Master’s in a listed discipline and 6 years or relevant experience</li><li>In lieu of FSA will accept ASA or equivalent professional designation and 14 years of relevant experience</li><li>Demonstrates high quality leadership, judgment, organization and prioritization skills</li><li>Exhibits effective management skills to motivate and develop a staff</li><li>Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences</li><li>Works well under pressure and within time constraints to effectively accomplish individual and team objectives</li></ul>Preferred Qualifications:<ul><li>IFRS 17 Experience</li><li>Working knowledge of key accounting concepts, in particular, the bottom-up construction of income statements, balance sheets, and their reconciliation</li><li>Excellent computer skills</li></ul>Working Conditions:<ul><li>Normal office or work from home environment</li><li>Limited travel may be required</li></ul>Compensation:Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.The Salary for this position generally ranges between $148,000-186,000 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.Equal Opportunity Employer: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.

This is an actuarial position supporting the reinsurance team. Responsible for analysis of financial reporting and results of reinsurance, especially under IFRS 17 as well as US statutory and economic framework bases.Responsibilities:<ul><li>Plays an active role in guiding the preparation and interpretation of actuarial and financial information, especially results and projections related to IFRS 17.</li><li>Exercises significant judgment in setting priorities and determining necessary tasks.</li><li>Provides guidance and advice regarding technical actuarial issues such as financial impacts of current and proposed reinsurance transactions.</li><li>Leads the preparation and interpretation of actuarial information for presentation to Senior Management.</li><li>Leads several key projects at various times during the year.</li><li>Represents the company on industry and professional committees and/or with regulators.</li><li>May manage employees.</li><li>Other reinsurance related activities as needed.</li></ul>Qualifications:<ul><li>FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience.</li><li>In lieu of Bachelor's, will accept Master’s in a listed discipline and 6 years or relevant experience.</li><li>In lieu of FSA will accept ASA or equivalent professional designation and 14 years of relevant experience.</li><li>Demonstrates high quality leadership, judgment, organization and prioritization skills.</li><li>Exhibits effective management skills to motivate and develop a staff.</li><li>Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.</li><li>Works well under pressure and within time constraints to effectively accomplish individual and team objectives.</li></ul>Preferred Qualifications:<ul><li>Reinsurance Experience</li><li>IFRS 17 and other valuation and financial reporting experience</li></ul>Working Conditions:<ul><li>Hybrid employees will need to work at a Company office location at times and a remote work location (typically their home) at times.</li><li>Remote employees will work from a remote work location (typically from home).</li><li>Limited travel may be required.</li></ul>Compensation:The Salary for this position generally ranges between $148,000 - $196,000 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.Equal Opportunity Employer: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.

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