What are the responsibilities and job description for the Director, Actuarial position at TransAmerica?
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 Appointed Actuary, Consolidation & Analytics team is looking for a talented, accountable, and dedicated Actuarial leader with strong analytical and organizational skills. The Director, Actuarial will report to the Appointed Actuary and will be key in execution of priorities for the statutory results and consolidated tax reserves.
Job Description
Responsibilities
- Ensure compliance with internal policies, actuarial standards of practice and regulatory requirements in addition to the accuracy and appropriateness of all external actuarial communication
- Support of the Appointed Actuary in US Statutory actuarial oversight
- US Statutory actuarial reporting process, including Cash Flow Testing process
- Support of the Appointed Actuary in the oversight of statutory results by legal entity which includes, but is not limited to, reserves and cash flow testing/asset adequacy.
- Oversight of consolidated tax reserves
- May represent the company on industry and professional committees and/or with regulators.
- May manage a team of employees.
Qualification
- 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 required.
- 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
- Understanding of the ASB Actuarial Standards of Practice (ASOP) and guidelines
Preferred Qualifications
- Solid understanding of capital markets and risk/return of various assets.
- 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
**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules. It is estimated based on what a successful Colorado applicant might be paid. It assumes that the successful candidate will be in Colorado or perform the position from Colorado. Similar positions located outside of Colorado will not necessarily receive the same compensation. **
Compensation:
The salary for this position generally ranges between $173,000-$229,000. This range is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2.
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 at a rate of 30%.
Working Conditions
- Office environment.
- Occasional travel may be required.
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
- Stock Purchase Plan
- Employee Discounts
- Career Training & Development Opportunities
Health and Work/Life Balance Benefits
- Paid Time Off
- Paid Holidays
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
- Parental Leave
- 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.Salary : $173,000 - $229,000
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