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Economic consultant • cedar rapids ia

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Senior Actuary, Financial Risk Methodology & Economic Capital

Senior Actuary, Financial Risk Methodology & Economic Capital

TransamericaCedar Rapids, Iowa
[job_card.30_days_ago]
[job_preview.job_type]
  • [job_card.full_time]
[job_card.job_description]

Job Description

Responsibilities

  • Plays an active role in guiding the preparation and interpretation of actuarial and financial information, develop and maintain key financial / market risk models for use across the whole Aegon Group of companies.
  • Supporting the demands of a variety of external and internal stakeholders, including regulators, auditors and relevant functions in all the Aegon Business Units, most notably financial reporting functions, ALM departments and financial and actuarial risk areas across various countries across the globe where Aegon has representation.
  • Exercises significant judgment in setting priorities and determining necessary tasks.
  • Provides guidance and advice regarding technical actuarial issues such as pricing rates, modeling methodology, reserving principles and related matters.
  • Leads the preparation and interpretation of actuarial and financial risk information for presentation to Senior Management.
  • Maintains good and active relation with internal stakeholders on the financial and market risk related domain
  • Leads several key projects at various times during the year.
  • Represents the company on industry and professional committees and / or with regulators.
  • May support creation of quantitative finance or actuarial models in a model change management environment
  • Monitors and analyzes developments in quantitative finance techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace

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.
  • Compensation

  • The Salary for this position generally ranges between $157,000 - $200,000 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.
  • Working Conditions

  • Normal hybrid office environment. Limited travel may be required.
  • This position may be considered at the Actuarial Director level as well.

    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.

    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

    Inclusion & Diversity

    We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts throughthe Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including theInclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

    To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, 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.Theyprovide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

    Giving Back

    We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

    Transamerica’s Parent Company

    Aegonacquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.

  • It offers investment, protection, and retirement solutions, always with a clear purpose : Helping people live their best lives. 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.
  • As of December 31, 2023