Actuarial Analyst (Level 6)

Job Family Actuarial About Us At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. Who We Are We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them. We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. What We Do Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs. Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.• For more information, visit transamerica.com. Job Description Summary Perform actuarial research, experience studies, statistical analyses, calculations, modeling and audits. Analyze data to support decisions that allow the company to properly manage its risk. Extract and analyze premium and loss data, using computer and statistical programs, evaluating results for reasonability and communicating observations to various teams to help achieve bottom-line goals. Develop and enhance products, presenting analysis, forecasting, and assessing industry trends. Work well as an individual while serving as a key member of the team, as a wide range of important decisions are based on actuarial projections and professional opinions. As an actuarial student, grow and develop through the company rotational program while progressing through SOA exams working toward Fellowship of the Society of Actuaries (FSA) designation. Job Description Responsibilities Compile and categorize data in support of actuarial related studies, projects or reports. Assist in preparing schedules of statistics, financial statements, premiums, reserves and benefits or other actuarial information. Document and verify the information used in computations. Input data and run pricing, reserving, or asset/liability models. Learn and apply various actuarial techniques and procedures in the course of work, while developing an understanding of the company's products and actuarial methodology. Calculate premiums, reserves and/or non-forfeiture values of new and existing plans of insurance or similar calculations. Compile, evaluate and certify statistical data. Document assumptions and/or methodology used in calculations. Assist in preparing the actuarial portions of financial statements or other documents (e.g. state insurance department filings, rating agency survey forms, internal management reports, etc.) Assist in analyzing reserves, developing rate indicators, evaluating pricing levels and/or analyzing profitability. Complete projects with minimal supervision. May direct the work of one or more Actuarial Students or Actuarial Technicians. Qualifications Bachelor's or Master's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field Participation in a relevant Actuarial internship or three months of relevant experience Completion of one actuarial exam and an active participant in the Actuarial Student Program, taking additional exams for FSA Knowledge of advanced mathematical and analytical concepts Ability to interpret complex analytical data Communication skills, verbally and in writing Work well under pressure and within time constraints to accomplish individual and team objectives Advanced computer skills, including Microsoft Excel Preferred Qualifications Programming skills Working Conditions Office Environment Occasional Travel