Actuarial Tech II

Job Family

Actuarial

About 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.

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.

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.* For more information, visit

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Job Description Summary

The Actuarial Tech II prepares and analyzes statistical reports of data for use by the actuarial staff. Provides quantitative support in product development, financial analysis, management reporting, modeling, and various actuarial research. Supports implementation of product calculations and features.

Job Description

Responsibilities

• Significant and complex data manipulation and complex calculations using macros and other programs.
• Significant analysis required on most projects.
• May mentor or supervise Actuarial Technician I.
• Has authority to sign-off on projects of smaller scope and may have authority on larger projects.
• Works independently with minimal supervision.
• May build projection models from scratch and reviews results.
• May verify and reconcile financial reporting data, prepare periodic reports for other departments with minimal supervision.
• Understands and manipulates basic actuarial concepts and formulas.
• May analyze and verify pricing models.
• Extracts and integrates data from various databases to analyze and develop reports and spreadsheets.
• Perform user acceptance testing of administrative systems and/or illustration systems.
• Collaborate with various areas of the company to ensure broad product understanding and correct implementation.
• Support requirement gathering, test planning, and test execution - specifically related to product calculations.
• Utilize different systems to track requirements, defects, and test case management. (e.g., JIRA)

Qualifications

• Bachelor's degree in actuarial science, mathematics or relevant area or equivalent education/experience.
• Minimum of 3 years relevant work experience.
• Understands relevant industry regulations.
• Ability to analyze and understand actuarial processes.
• Strong PC skills including Excel.
• Strong mathematical skills and statistical aptitude.
• Effective verbal and written communication skills.
• Effective organizational skills.

Preferred Qualifications

• Knowledge of topics covered in SOA courses. (Actuarial exams are not required).
• Strong written/oral communication skills
• Analytical and problem-solving skills
• Ability to work independently and as part of a team in a fast-paced environment.
• Strong organizational skills to manage multiple priorities within deadlines.
• An understanding of agile and waterfall project methodologies

Working Conditions

• Hybrid Office Environment

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

This is a hybrid position requiring three days in office per week in one of our hub locations (Cedar Rapids). Relocation assistance will not be provided for this position.

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