Sr. Product Actuarial Analyst
transamericaDenver, CO
$88,000 per year
Apply now (opens in a new tab)Sr. Product Actuarial Analyst
L5
transamericaDenver, COtoday
$88,000 per year
Industries
Direct Life Insurance CarriersAll Other Insurance Related ActivitiesInsurance Agencies and BrokeragesActuarial Position at Transamerica 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. Ultimately, 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. 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.
Job Description:
Summary Perform complex calculations, modeling, reporting, risk, and compliance functions to support life product development. Quantify and qualify results and perform actions required for sign-off before implementation.
Job Description
Responsibilities:
- Perform advanced actuarial calculations, data analytics, and business systems analysis using custom and production administrative and illustrations systems.
- Align complex calculations and testing requirements with product/pricing designs and state/federal regulations. Create and deliver clear calculation specifications and/or numerical examples via spreadsheets for cross functional consumption.
- Create and use complex formulas/macros and tools to validate system alignment with product specifications.
- Collaborate with Technology and Operations to ensure accurate understanding of product specifications for projects of moderate complexity.
- Provide final signoff on product related technical requirements, test plans, and user acceptance testing. Represent role as a key component of project leadership team and provide status reporting to senior leadership.
- Demonstrate advanced understanding of system navigation, transaction activity, tables, and other system features.
- Assist Legal/Compliance, Finance, and Operational Risk with sensitive production issues and resolutions.
- Analyze and reconcile data into financial or customer impact reports for leadership, legal/compliance, audit/controls, operational risk, or technology consumption.
- May supervise financial related projects or serve as an actuarial representative on project teams, including internal and external financial audits and controls by producing evidence of system calculation accuracy
- Provide supervision in identifying and implementing process improvement opportunities.
- Mentor, train, and assist junior team members as needed.
Qualifications:
- Bachelor's degree in actuarial science, mathematics, finance or equivalent experience
- Six years of experience in modeling, business systems analysis, or data analytics
- Strong understanding of complex actuarial concepts, including risk management, interest rate models, payout models, etc.
- Moderate experience supporting product design projects and knowledge of associated regulatory requirements
- Advanced technical proficiency to maintain and enhance policy administration systems including rate tables
- Advanced analytical and reporting skillsStrong written and verbal communication skillsStrong organizational skills to manage multiple priorities within deadlines
- Advanced experience and skills in MS Excel formula use and creation
- Advanced experience and skills with modeling software and programming languages (e.g. Access, SQL, Visual Basic)
- Expert skill at working independently and collaborating in a team environment
Preferred Qualifications:
Experience with life administration systems, particularly:
CyberLifeLifePROLifeCommKnowledge life products (Term, Whole Life, Universal Life, Indexed Universal Life, Variable Universal Life).Visual Basic / Excel macro-writing experience.
SQL and Access experience.
Product-design experience.
Knowledge of applicable regulatory requirements
Working Conditions:
This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids or Denver).Relocation assistance will not be provided for this position CompensationThe salary for this position generally ranges between $88,000 - $110,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, 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 10% 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.
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 PayBonus 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 ProgramPTO 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 BackWe 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
Apply now (opens in a new tab)
Level
SeniorL5
Salary
$88,000 per year
Location
Denver, CO
Occupation
Actuaries
Industry
Direct Life Insurance Carriers
Posted
today
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