Lead Modernization Actuary

Transamerica Life Insurance Company Cedar Rapids , IA 52402

Posted 3 months ago

Job Family

General Actuarial

Job Description Summary

The people of Transamerica bring expertise, creativity, heart and diverse thought to everything that we do-and to the communities where we live and work

Do you want to lead a team in Modernization efforts for IFRS17 reporting? Do you have experience leading reconciliation, testing and auditing of models? Are you interested in contributing in a highly visible role with modernization?

If your answer is yes, we are looking for you!

Job Description

What You Will Do:

As an experienced actuary you will lead a team responsible for assisting with Modernization efforts to prepare Transamerica infrastructure for IFRS17 reporting. This is a high-visibility role that leads 2 direct reports and 8 indirect team members and the team is expected to grow to 20 by Q1 2019. Will lead the reconciliation, testing, and audit of the models and sign off on the conversions during the modernization process.

What You Will Learn:

You will increase your ability to build and maintain strong relationships across Transamerica. You will learn to promote a Future Fit mindset including Acting as One, Accountability, Agility and Customer Centricity.

What Success Looks Like:

  • Manage TA students and external Consultants responsible for performing end-to-end user acceptance testing [UAT] for various models and platforms

  • Investigating differences between legacy models (PolySystems, ARCVAL, MoSes, homegrown, etc.) and post-conversion models (ALFA & AXIS)

  • Providing "sign off" of newly converted models

  • Develop conversion control templates

  • Establish disposition for existing SLIME entries

  • Assist with issue paper documentation and impact evaluation

  • Support internal/external audit inquiries In Controls, Internal Audit & PWC

  • Ensure IFRS17 readiness in post-conversion models

What You Need:

  • 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 or relevant experience.

  • In lieu of FSA will accept ASA or equivalent professional designation and 12 years of relevant experience.

  • Effective communication, both written and oral, and ability to adapt to various audiences

  • Sound time management to balance project plan timeline with required tasks

  • Flexible to assist with other priorities in Modernization, as required

  • Exhibits effective management skills to motivate and develop a staff

  • Works well under pressure and within time constraints to effectively accomplish individual and team objectives.

  • Knowledge of Financial Reporting, Modeling, Projections, or Valuation

  • Proficiency in Microsoft Office, particularly Excel (VBA can be helpful, not required)

  • Sound understanding of life insurance and retirement products

  • Prior experience with actuarial modeling software AXIS, ALFA, or MoSes

  • Exposure to the following is helpful, but not required

  • SQL or Microsoft Access

  • Programming languages VBA, SQL, Python

  • Alteryx or other data analytical software

What You Receive:

A Comprehensive Wealth + Health package. It's our passion to empower people, and especially our employees, to add years to their lives and more life to their years. That means a healthy account balance and a healthy body to match. As you'll come to discover, Wealth + Health is a central part of everything we do!

Wealth Benefits; Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Stock Purchase Plan, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship

Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program.

Why Work for Us

Total Rewards at Transamerica: It's more than a paycheck.

Our comprehensive Total Rewards package is designed to help support you in many ways throughout all stages of your life and career. We provide a competitive, market-driven program that encompasses base compensation, bonus potential, retirement, health and wellness benefits, learning and development opportunities, plus great employee perks. All designed with you in mind to help you live your best life, grow personally and professionally - and feel valued for the work you do.

Learn more about our Total Rewards Package.

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.

Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please contact: applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Ontario Applicants:

Our Company is committed to providing accessibility to those with disabilities in a manner that is consistent with the principles of independence, dignity, integration and equality of opportunity, that is in compliance with the Accessibility for Ontarians with Disabilities Act 2005 ("AODA"). Please contact applicantsupport@transamerica.com if you are a job seeker with a disability, or are assisting someone with a disability, and require assistance to apply for one of our jobs.

Technical Assistance:

If you experience technical problems during the application process, please email applicantsupport@transamerica.com.


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Lead Modernization Actuary

Transamerica Life Insurance Company