Actuary – VA Model Development & Validation jobs in United States
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Aegon · 13 hours ago

Actuary – VA Model Development & Validation

positionUnited States
timeFull-time
remoteHybrid
senioritySenior Level
money$145K/yr - $195K/yr
date7+ years exp

Aegon is a financial services company, and they are seeking an Actuary for Model Development & Validation. This role will support Transamerica’s Variable Annuity and RILA businesses by leading user acceptance testing, performing technical reviews of model changes, and ensuring compliance and efficiency in actuarial modeling processes.

Asset ManagementAuto InsuranceFinanceHealth InsuranceInsuranceLife InsuranceRetirement
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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

FSAEquivalent designationActuarial modeling systemsProgramming languagesVariable Annuity knowledgeAnalytical skillsLeadership skillsCommunication skillsProblem-solving skillsTeam management experience

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

Annual Bonus based on the Company Bonus Plan/Individual Performance

Company

Aegon

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Aegon offers products and services in the life insurance, pension, retirement, and asset management fields.
dateFounded in 1983
location
Den Haag, Zuid-Holland, NLD
people-size10001+ employees
web-link
https://www.aegon.com/

Funding

Current Stage
Public Company
Total Funding
$760M
2024-04-10Post Ipo Debt· $760M
1999-04-01IPO

Leadership Team

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Lard Friese
Chief Executive Officer
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Duncan Russell
Chief Financial Officer
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Recent News

Companies
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Company data provided by crunchbase