Actuary - Second Line Risk, Model Validation

Transamerica Corporation

Cedar Rapids, Iowa, US
Base: $145,000 - $190,000 annually; bonus: eligibl...
Hybrid
Model validation of equity-based products
Regulatory compliance in actuarial modeling
Risk assessment for insurance models
The role manages and leads model validation activities within a second line risk function at Transamerica Corporation

Job Summary

  • The role manages and leads model validation activities within a second line risk function at Transamerica Corporation.
  • Candidates will validate and assess models developed by the first line with a specific focus on market-based insurance products including IUL, RILA, and VA.
  • The company offers a comprehensive benefits package including a pension plan, 401k match, and 160 hours of paid time off annually.

Matching Summary

The role manages and leads model validation activities within a second line risk function at Transamerica Corporation.

Salary

Base: $145,000 - $190,000 annually; Bonus: Eligible for Annual Bonus based on Company Bonus Plan/Individual Performance; Benefits: Pension Plan, 401k Match, Medical, Dental, Vision

Skills & Requirements

Must-have

  • Model validation of equity-based products
  • Regulatory compliance in actuarial modeling
  • Risk assessment for insurance models
  • Presentation to Model Validation Committee

Nice-to-have

  • Strong leadership and judgment skills
  • Programming knowledge in Python or R
  • Experience with asset modeling
  • Ability to make judgments under uncertainty

Key Requirements

  • FSA or equivalent professional designation
  • Bachelor's degree in Actuarial Science or related field
  • 7 years of relevant experience
  • Legal authorization to work in the U.S. without sponsorship

Work Rights

Must have legal authorization to work in the U.S.

Tailored Resume

Cover Letter