Senior Actuary - ALM

OverviewJob Family: ActuarialAbout Us: 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. 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.Who We Are: 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.What We Do: 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.Job Description Summary: The Senior Actuary will build and analyze sophisticated models for insurance products, investments and/or portfolios to increase company risk adjusted returns. Leverage advanced knowledge of actuarial, financial, statistical, data science and/or balance sheet modeling analytics to develop, test and validate models for various functions within the company.ResponsibilitiesDesign and lead multiple projects, with accountability for ongoing activities and objectives. Projects may involve modeling various insurance liabilities, fixed-income assets and derivatives in Transamerica proprietary actuarial system.Review the work of others, providing direction and insight on research solutions to problems presented.Assess the reasonableness of financial impact for model/data changes.Solve complex problems; take a broad perspective to identify solutions.Collaborate with key stakeholders from business line valuation, ALM, risk management, financial/risk reporting, etc.Serve as a company-wide expert in actuarial modeling and act as a subject matter expert for colleagues with less terpret internal or external issues and recommend solutions/best practices.Build efficient models and processes.Apply judgment to modeling choices in a defensible manner, and assess the materiality of various modeling and data choices.QualificationsFSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience. In lieu of Bachelor's, accept Master’s in a listed discipline and 6 years of relevant experience. In lieu of FSA, accept ASA or equivalent professional designation and 14 years of relevant experience.Demonstrates high quality leadership, judgment, organization and prioritization skills.Exhibits effective management skills to motivate and develop a staff.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.Preferred QualificationsExperience in advanced programming or actuarial systems customizationExperience with asset liability management practicesComprehensive understanding of investment and finance concepts to creatively solve complex analytical problemsWorking ConditionsThis is a hybrid position requiring three days in office per week in one of our hub locations (Baltimore, Philadelphia, Cedar Rapids)Limited travel may be pensationThe Salary for this position generally ranges between $157,000 - $195,000 annually. Salary range is a good faith estimate and starting pay is determined by qualifications, experience, geography, work location designation and operational needs. Salary may vary above or below the stated amounts, as permitted by applicable law.Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.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 in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.What We OfferFor eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our pensation BenefitsCompetitive PayBonus for Eligible EmployeesBenefits PackagePension Plan401k MatchEmployee Stock Purchase PlanTuition ReimbursementDisability InsuranceMedical InsuranceDental InsuranceVision InsuranceEmployee DiscountsCareer Training & Development OpportunitiesHealth and Work/Life Balance BenefitsPaid Time Off starting at 160 hours annually for employees in their first year of service.Ten (10) paid holidays per year (typically mirroring NYSE holidays).Be Well Company holistic wellness program, including 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.Adoption AssistanceEmployee Assistance ProgramCollege Coach ProgramBack-Up Care ProgramPTO for Volunteer HoursEmployee Matching Gifts ProgramEmployee Resource GroupsInclusion and Diversity ProgramsEmployee Recognition ProgramReferral Bonus ProgramsInclusion & DiversityWe believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re recognized for our efforts through various awards. ERGs are open to all employees and provide a supportive environment to appreciate diversity and its benefits.Giving BackWe created the Aegon Transamerica Foundation in 1994. 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 CompanyAegon 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, with a focus on helping people live their best lives. As of December 31, 2023. #J-18808-Ljbffr

Created: 2025-09-17