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
The Director, Variable Annuity Valuation will serve as a critical member of the Actuarial leadership team. We are seeking an experienced actuarial leader with valuation and asset knowledge, especially with regard to Variable Annuities. This role will be responsible for leading valuation for variable annuity reporting including but not limited to IFRS17 and capital reporting. This role will also be responsible for reporting and presentations to executive leaders on the integrated strategies and results for variable annuities across bases of accounting and with interaction of hedging and investments.

This is a leadership role that will manage a large team working on strategic solutions to present to executive stakeholders in regard to variable annuity valuation and financial reporting. This role will provide oversight over our variable annuity financial reporting processes and annual memorandums for VM21 reserving and asset adequacy analysis testing.Job Description

Responsibilities

• Lead reporting, analysis and presentation to executive leaders on the integrated results for variable annuities including interaction with ALM & hedging teams on analytics.
• Prepare and present key actuarial information to advise Senior Management to make properly informed decisions.
• Lead and guide the work of other actuaries doing the most complex technical actuarial tasks requiring significant knowledge and experience.
• Provide guidance and advice regarding technical actuarial issues such as pricing rates, modeling methodology, reserving principles, assumption setting and related matters.
• Create and drive key projects to completion by providing leadership and direction to individuals both inside and outside the organization. Generally, leads several key recurring projects throughout the year.
• Lead the development of actuarial talent within the organization.
• May represent the company on industry and professional committees and/or with regulators.

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

• Solid understanding of the financial services industry and operations or functional area supported.
• Qualified to offer Statement of Actuarial Opinions and other Specific Qualification Standards relevant to the NAIC filings
• Experience with GAAP or IFRS17 valuation, preferably variable annuities. Experience with actuarial modeling software.
• Knowledge/experience with valuation of derivatives and other asset classes is a plus.
• Outstanding communications skills for a geographically dispersed audience
• Ability to create effective relationships, influence and collaborate internally and externally at all organizational level.
• Strategic thinker with excellent analytical problem-solving skills and attention to detail

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

Compensation:

The US salary for this position generally ranges between $178,000 - $236,000 annually. This range is an estimate, based on potential employee qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally in the US, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.

What You Receive:

• A Comprehensive Wealth + Health package.
• Wealth Benefits; Competitive Pay, Bonus, and Benefits Package
• Health and Work/Life Balance Benefits

Our commitment to inclusion & diversity means that we value differences. We encourage the unique perspectives of persons and are dedicated to creating a respectful and inclusive work environment. #LI-Remote #IND123

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