Transamerica · 8 hours ago
Actuary - Model Validation
Baltimore, Maryland
Full-time
Hybrid
Senior Level
$145K/yr - $180K/yr
7+ years expTransamerica is a financial services company committed to helping individuals plan for a better life. The Actuary - Model Validation role involves managing model validation activities, ensuring accuracy and compliance with regulatory standards for market-based insurance products, and contributing to the development of validation frameworks.
FinanceProperty & Casualty InsuranceVenture CapitalFinancial ServicesImpact InvestingInsurance
No H1B
Responsibilities
Leads the validation and review of actuarial models, ensuring accuracy, compliance with regulatory standards, and alignment with risk management standards
Prepares and interprets validation findings for presentation to management and stakeholders in Model Validation Committee
Focuses on model validation of equity-based products (IUL, RILA, and VA)
Monitors and analyzes regulatory, industry, and technical developments impacting model validation and asset modeling
Provides guidance on modeling methodology, validation best practices, and risk controls
May support the creation and review of model validation documentation and related technical materials
Serves as a key resource for major validation projects and initiatives
May collaborate with or provide input to cross-functional teams, including product, risk, and actuarial groups
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 actuarial modeling skills or experience with model validation in an insurance context
Asset knowledge relevant to insurance products; experience with IUL and RILA preferred
Actuarial credentials preferred; CFA designation considered if accompanied by insurance experience
Is able to make judgements based on imperfect or incomplete information
Programming knowledge in Python, R, or VBA is a plus
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