
Associate Actuary – Indexed Annuity Pricing
Transamerica
full-time
Posted on:
Location Type: Hybrid
Location: Cedar Rapids • Colorado • Iowa • United States
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Salary
💰 $130,000 - $165,000 per year
About the role
- Oversee and/or lead weekly dashboard analysis, monthly reporting, and quarter-end financial reporting for new business.
- Oversee weekly rate-setting analysis, assist in rate recommendations, and the implementation of rate changes.
- Maintain and manipulate pricing models for the analysis of new and existing products and product features.
- Monitor and analyze developments in actuarial techniques, laws, competitive landscape, and regulations applicable to annuity products and company operations.
- Assess the financial implications of reinsurance strategies and provide recommendations on potential reinsurance treaties.
- Assess profitability in varying economic environments on multiple bases, including IFRS, statutory, market consistent, and/or GAAP.
- Ensure compliance with corporate risk and return targets.
- Work closely with product development and competitive intelligence function.
- Support product development of indexed annuities, via pricing various preliminary ideas, sensitivity testing products before launch, and filing support.
Requirements
- FSA or equivalent professional designation along with 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 4 years of relevant experience.
- In lieu of FSA will accept ASA or equivalent professional designation and 8 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.
- Excellent computer skills.
- Strong background in indexed products such as RILA or FIA preferred, and the fundamentals of derivatives
- Knowledge of annuities and risk/return profiles of various assets is strongly preferred.
- Familiarity with IFRS 17, GAAP Targeted Improvements for Long Duration Contracts, VM21/22/23 preferred
- Strong background in coding/Python strongly preferred.
- Experience with Excel, PowerBI, VBA, Python, and SQL preferred
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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
actuarial techniquespricing modelsfinancial reportingrate-setting analysisprofitability assessmentreinsurance strategiesadvanced mathematical conceptscodingPythonderivatives
Soft Skills
leadershipjudgmentorganizationprioritizationcommunicationteamworkworking under pressuretime management
Certifications
FSAASABachelor's Degree in Actuarial ScienceMaster's Degree in Actuarial Science