Senior Actuary: Annuity Profitability - Business Unit Finance

Job Family

Actuarial

Job Description Summary

The Senior Actuary will serve as a subject matter expert on Annuities within the Protection Solutions Finance Team. As part the team, you will perform financial analysis over the Annuities business, including profitability analysis on new and inforce business, strategic initiative reviews, budgeting/forecasting and comparisons of results relative to expectations. You will apply your expertise, financial knowledge, and judgment to activities that are diverse and complex to validate the integrity of financial results.

Job Description

In this role, you will gain exposure to Transamerica’s Protection Solutions business unit and Enterprise Finance teams, while interacting with multi-functional groups. You will have the ability to support both strategic and tactical initiatives to grow annuity sales and profitability.  

Responsibilities:

• Utilizes a thorough understanding of the business to proactively oversee and direct the development of financial reports and complex models for forecasting, trending and results analysis 
• Ensures the interpretation of analysis is credible and explainable
• Directs/reviews preparation of applicable financial analysis
• Prepares written analyses of results to enhance the understanding of senior management
• Oversees product related reporting and analysis, make recommendations to Senior Leaders and Divisional Leadership, as needed
• Develops financial proposals that support business objectives and manage risk
• Works effectively with other departments to ensure business issues are resolved for the success of the company. Key partners include Actuarial, Pricing, ALM, and Accounting
• Exhibits a thorough understanding of business and analysis concepts
• Understands IFRS, Regulatory, and economic accounting frameworks
• Recommends and leads implementation of changes to processes to achieve efficiencies through use of technology
• Often interacts with Business Unit Leadership or Senior Management
• Indirectly manages teams to achieve performance standards and high effectiveness; mentors, trains and shares high level knowledge to business partners
• Responsible for adherence to the company's framework of internal controls

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 and ability to direct and develop a small team
• Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences
• Works well under pressure, within time constraints, and often with ambiguous or undefined outcomes to effectively accomplish individual and team objectives

Preferred Qualifications:

• Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences
• Works well under pressure, within time constraints, and often with ambiguous or undefined outcomes to effectively accomplish individual and team objectives
• Extensive knowledge of business area preferred (Annuities)
• Ability to handle multiple projects by using effective project management skills
• Demonstrates high quality leadership, judgment, organization and prioritization skills

Working Conditions:

• Normal office/hybrid/remote environment
• Limited travel may be required

Compensation:

The Salary for this position generally ranges between $155,000 - $205,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

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

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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