Transamerica Corporation is seeking an Actuary for their Second Line Risk and Model Validation team, focusing on validating actuarial models related to market-based insurance products. The ideal candidate will possess strong actuarial skills, leadership experience, and knowledge of regulatory standards, with a preference for those experienced in equity-based products
Job Summary
Manages and leads model validation activities within a second line risk function, responsible for validating and risk assessment of models developed by the first line with a focus on market-based insurance products.
Prepares and interprets validation findings for presentation to management and stakeholders in Model Validation Committee, and monitors and analyzes regulatory, industry, and technical developments impacting model validation and asset modeling.
Offers a comprehensive benefits package including a Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, and various health and work/life balance benefits.
Matching Summary
Match Score: 85
Transamerica Corporation is seeking an Actuary for their Second Line Risk and Model Validation team, focusing on validating actuarial models related to market-based insurance products. The ideal candidate will possess strong actuarial skills, leadership experience, and knowledge of regulatory standards, with a preference for those experienced in equity-based products.
Salary
Base: $145,000 - $190,000 annually; Bonus/Equity: Annual Bonus based on Company Bonus Plan/Individual Performance; Benefits: Comprehensive benefits package
Skills & Requirements
Must-have
Actuarial model validation
Second line risk function
Market-based insurance products
Regulatory standards compliance
Risk management standards
Nice-to-have
Programming knowledge in Python, R, or VBA
Judgement based on imperfect information
Collaborative team environment
Key Requirements
FSA or equivalent professional designation
7 years of relevant experience
ASA or equivalent professional designation and 10 years of relevant experience
Master's in a listed discipline and 5 years of relevant experience