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Actuarial

Job Description Summary

The Staff Actuary will play a key role within the VA/RILA Reporting group, supporting IFRS 17 financial reporting and U.S. GAAP (LDTI) reporting post conversion. This role is responsible for executing complex actuarial and risk analyses for variable annuity and registered index linked annuity products. The position partners closely with actuarial, finance, investments, and risk management teams to ensure accurate, timely, and well-controlled financial reporting. In addition, this role supports assumption development, model governance, and financial reporting deliverables aligned with enterprise risk management objectives.

Job Description

Responsibilities

• Perform actuarial and risk analysis to support IFRS 17 and U.S. GAAP reporting for VA/RILA products
• Develop and analyze assumptions used in valuation, financial reporting, and risk management
• Assess key risks (market, interest rate, credit, liquidity, and hedging) and their financial impacts
• Support production, validation, and explanation of IFRS 17 and GAAP financial results
• Prepare actuarial reporting components, including reserves, financial reports, and supporting documentation
• Partner with actuarial, finance, ALM, and investment teams to review models, results, and controls, and communicate insights to leadership

Qualifications

• Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
• In lieu of Bachelor's, will accept Master's in a listed discipline and 3 years of relevant experience.
• ASA or equivalent professional designation.
• Demonstrates high quality 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.
• Advanced computer skills

Preferred Qualifications

• Direct experience with IFRS 17 reporting, implementation, or ongoing production support
• Strong knowledge of VA/RILA products, derivatives, and capital markets
• Familiarity with U.S. GAAP (LDTI) reporting
• Experience working in a controlled reporting environment (documentation, governance, audit)
• Programming or model development experience preferred

Working Conditions

• Hybrid office environment: 3 days in office (Tuesday-Thursday) -Cedar Rapids, IA or Denver, CO

• Relocation assistance will not be provided for this position

Compensation

The salary for this position generally ranges between $95,000 - $120,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, 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.

Additionally, this position is typically eligible for an Annual Bonus of 12.5% based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.

Disclaimer:

Beware of fake job offers!

We've been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

• We will never request personal information such as ID or payment for equipment upfront.
• Official offers are sent via DocuSign following a verbal offer-not through text or email.

#LI-HR1

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

• Competitive Pay

• Bonus for Eligible Employees

Benefits Package

• Pension Plan

• 401k Match

• Employee Stock Purchase Plan

• Tuition Reimbursement

• Disability Insurance

• Medical Insurance

• Dental Insurance

• Vision Insurance

• Employee Discounts

• Career Training & Development Opportunities

Health and Work/Life Balance Benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service.

• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

• Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

• Adoption Assistance

• Employee Assistance Program

• Back-Up Care Program

• PTO for Volunteer Hours

• Employee Matching Gifts Program

• Employee Resource Groups

• Inclusion and Diversity Programs

• Employee Recognition Program

• Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica's Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.

* As of December 31, 2023