Transamerica · 8 hours ago
Actuary – VA Model Development & Validation
Cedar Rapids, Iowa
Full-time
Hybrid
Senior Level
$145K/yr - $195K/yr
7+ years expTransamerica is a financial services company that has been serving customers for over a century. They are seeking an Actuary for Model Development & Validation to lead user acceptance testing, perform technical reviews, and support model development for their Variable Annuity and RILA businesses, ensuring compliance and efficiency in actuarial processes.
Financial ServicesImpact InvestingInsurance
No H1B
Responsibilities
Lead and coordinate User Acceptance Testing (UAT) for actuarial models, ensuring functionality aligns with business requirements and regulatory standards
Perform technical reviews of model changes, validating assumptions, methodologies, and coding for accuracy and compliance
Support development and maintenance of Trinity models, including enhancements for new product features and regulatory updates
Collaborate with valuation, pricing, and risk teams to ensure consistency across modeling platforms
Document and communicate testing results, technical findings, and recommendations to stakeholders
Drive process improvements and automation in model validation and testing workflows
Monitor emerging regulatory and accounting standards impacting actuarial models and incorporate necessary changes
Provide technical guidance and mentorship to junior team members. May manage a small team
Qualification
Required
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 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
Excellent computer skills
Preferred
Strong knowledge of Variable Annuity and RILA products
Proficiency in actuarial modeling systems (e.g., Trinity, AXIS) and programming languages (e.g., VBA, Python)
Excellent analytical, problem-solving, and communication skills
Experience managing a team
Benefits
Competitive Pay
Bonus for Eligible Employees
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
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
Company
Transamerica
Transamerica is a private holding company that provides services for various life insurance companies and investment firms. It is a sub-organization of Aegon.
5001-10000 employees
Funding
Current Stage
Late StageTotal Funding
unknown1999-02-19Acquired
Leadership Team
Will Fuller
Chief Executive Officer
Andrew Yorks
Chief Investment Officer
Recent News
2025-12-21
Company data provided by crunchbase