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Transamerica

Transamerica

Director, Actuarial - Life Special Projects

Director, Actuarial - Life Special Projects

Job Details
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Uploaded On
August 20, 2023
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Location
Baltimore, United States
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Remote?
No
Company Overview
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Headquarters
Baltimore, MD
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Number of Employees
9000
Estimated Number of Actuaries
310
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
48%
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Overall Score
3.3 / 5
[ Job Family
Actuarial

Who We Are

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients' accounts. We're in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.

What We Do

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology).

Job Description Summary
Are you an actuary who is adept at analytical thinking?

Do you have experience with the long-term success and sustainability of one or more life products?

Are you stirred at the prospects of developing valuation assumptions, driving reinsurance transactions, and/or guiding capital management?

If your answer is yes we are looking for you!Job Description

What You Will Do:
This is a unique opportunity for an actuarial leader who is adept at analytical thinking. In this role you will oversee a number of strategic projects critical to the long-term success and sustainability of our life products across multiple arenas. You will be part of a small, yet highly visible team that is frequently relied on to ideate and quantify undertakings that are new to the company and address a number of 'what-if' requests from senior management.

Although you will primarily function in an ex-production capacity you will, on occasion, be asked to provide supplementary support and analyses. Knowledge of GAAP, IFRS and statutory actuarial techniques will be required. In this role your projects will span the spectrum from valuation (current and future) to reinsurance to capital management and more.

Requirements
  • Leads the preparation and interpretation of actuarial information for presentation to management.
  • Monitors profitability by line of business and/or product and develops supporting reports and/or analyses.
  • Maintains the product line or Corporate process to comply with various state and federal regulations.
  • Deep dives into complex actuarial assumptions and data with recommendations on changes.
  • Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations.
  • Provides guidance and advice regarding modeling methodology or reserving and related matters.
  • Serves as a key resource for completion of one or more major recurring projects during the course of the year.
  • Represents the company on industry and professional committees and/or with regulators.
  • Will manage a team of employees.


Qualifications
  • Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 10+ years of related actuarial experience. In lieu of Bachelor's, will accept Master's in a listed discipline and 8 years experience.
  • FSA and American Academy of Actuaries membership.
  • Demonstrates high quality leadership, judgment, organization, and prioritization skills.
  • Exhibits effective management skills to motivate and develop a staff.
  • Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
  • Understand company priorities and adapt to changing needs.
  • Solid understanding of capital markets and risk/return profiles of various assets.


Preferred Qualifications
  • Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
  • Outstanding communication skills for a geographically dispersed audience
  • Ability to create effective relationships, influence and collaborate internally and externally at all organizational levels
  • Highly self-motivated with strong accountability
  • Strong sense of urgency and business deadlines
  • Highly efficient and capable of managing multiple projects concurrently


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 Pay
  • Bonus 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
  • College Coach 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
  • Peer Recognition Program (BRAVO)


Inclusion & Diversity

Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign's Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount's "100 Best Companies" list.

In addition, as part of Transamerica's commitment to maintaining an inclusive workplace, the company sponsors 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 and provide a supportive environment for raising diversity awareness and promoting inclusive behavior.

Giving Back

Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work.

https://www.transamerica.com/why-transamerica/aegon-transamerica-foundation

Transamerica's Parent Company

Aegon acquired the Transamerica business in 1999. Aegon's roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions, and asset management. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.

Websites

Transamerica | Protecting Your Wealth and Health since 1906

Aegon Group Corporate Website | Aegon

Management Team

Transamerica Leadership - Standing For Financial Innovation Since 1906 | Transamerica ]
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Working at 

Transamerica

Transamerica is a renowned and established financial services company with a rich heritage spanning over a century. As a trusted industry leader, Transamerica offers a comprehensive range of insurance and investment solutions to individuals and businesses across the United States. Actuaries at Transamerica play a vital role in assessing and managing risks, analyzing complex data, and ensuring the financial stability of the company's products. With a strong emphasis on innovation and leveraging cutting-edge technology, Transamerica provides actuaries with a dynamic and rewarding work environment. Collaborating with a diverse team of professionals, actuaries at Transamerica have the opportunity to work on challenging projects and contribute to the development of innovative solutions. The company values professional growth and invests in the ongoing training and career advancement of its actuaries. Transamerica's actuarial team benefits from a supportive work culture that fosters collaboration, creativity, and continuous learning. Actuaries at Transamerica have the chance to make a meaningful impact by helping individuals and businesses achieve financial security and success. Join Transamerica's esteemed actuarial team and embark on a fulfilling career where you can apply your skills, gain valuable experience, and contribute to the financial well-being of customers while enjoying competitive benefits and professional growth opportunities.