[ 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
Transamerica will being reporting earnings under IFRS 9 and IFRS 17 for the first time beginning with Q1 2023. The Transamerica IFRS 17 team has worked for several years to get ready for this event. However, the project will continue well beyond Q1 2023:
• Training management and various teams throughout Transamerica on IFRS 17
• Refining IFRS 17 methodologies and assumptions
• Helping understand and tell the earnings "story" under IFRS 17
• Making "on-top" adjustments to overcome current tooling limitations
• Problem-solving: consulting with product actuaries, reporting accountants, the hedge team, and tax accountants to help solve questions or issues that may arise during the early quarters of IFRS 17 reporting
• Projecting earnings and developing "rules of thumb" for helping management understand the expected pattern of earnings and the risksJob Description

This position will be responsible for consulting across the organization to problem solve, refine methodologies, address issues across the organization with IFRS17 reporting, and facilitate organizational readiness.

As issues arise, this person will help determine the best solutions and consult with reporting actuaries and accountants to make "on-top" adjustments to overcome current tooling limitations. The position will interact with a wide range of functions and specialties across the organization.

Responsibilities

• Trains management and various teams throughout Transamerica on IFRS 17.
• Refines IFRS 17 methodologies and assumptions.
• Helps understand and tell the earnings "story" under IFRS 17.
• Develop "rules of thumb" for helping management understand the expected pattern of earnings and the risks.
• Team with reporting actuaries and accountants to make "on-top" adjustments when needed to overcome current tooling limitations.
• Problem-solving: consulting with product actuaries, reporting accountants, the hedge team, and tax accountants to help solve questions or issues that may arise during the early quarters of IFRS 17 reporting
• Plays an active role in guiding the preparation and interpretation of actuarial and financial information.
• Exercises significant judgment in setting priorities and determining necessary tasks.
• Provides guidance and advice regarding technical actuarial issues such as financial statement mechanics, modeling methodology, and related matters.
• Leads the preparation and interpretation of actuarial information for presentation to Senior Management.
• Supports and assists Actuarial management to develop actuarial policies and procedures.
• Leads several key projects at various times during the year.
• Leads the development of actuarial talent within the organization.
• Represents the company on industry and professional committees and/or with regulators.
• Manages 1-2 employees.

Qualifications

• FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience.
• In lieu of Bachelor's, will accept Master's in a listed discipline and 6 years or relevant experience.
• In lieu of FSA will accept ASA or equivalent professional designation and 14 years of relevant experience.
• 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.
• Works well under pressure and within time constraints to effectively accomplish individual and team objectives.

Preferred Qualifications

• IFRS 17 Experience
• Working knowledge of key accounting concepts, in particular, the bottom-up construction of income statements, balance sheets, and their reconciliation.
• Excellent computer skills.

Working Conditions

• Normal office or work from home environment.
• Limited travel may be required.

Compensation

**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.**

The Salary for this position generally ranges between $148,000-186,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Bonus Eligibility:

This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion.

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 ]