Annuity Pricing Actuary

February 12

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Transamerica

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Transamerica is a financial services company that provides a diverse range of products and services, including life insurance, retirement planning, mutual funds, annuities, and employee benefits. It aims to help individuals plan for their financial future and live their best lives by offering research-based tools, education, and guidance. Transamerica works with institutions and advisors to deliver solutions and services designed to attend to the evolving needs of individuals and employers. They also focus on retirement security and investment management, emphasizing innovation and leadership in the financial industry.

Insurance • Investments • Retirement

5001 - 10000 employees

Founded 1904

💸 Finance

📋 Description

• Directs and provides leadership in the design, pricing, and implementation of annuity products. • Provides analysis and recommendations related to the profitability and risk of said products. • Provides reports and analyses to management on sales and profitability, or other similar items. • Oversees and/or leads weekly dashboard analysis, monthly reporting, and quarter-end financial reporting for new business. • Oversees weekly rate-setting analysis, assists in rate recommendations, and the implementation of rate changes. • Maintains and manipulates pricing models for the analysis of new and existing products and product features. • Monitors and analyzes developments in actuarial techniques, laws, and regulations applicable to company operations, and competitive developments in the marketplace. • Assesses the financial implications of reinsurance strategies and provides recommendations on potential reinsurance treaties. • Assesses profitability in varying economic environments on multiple bases, including IFRS, statutory, market consistent, and/or GAAP.

🎯 Requirements

• 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

🏖️ 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 • College Coach 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