Job Family
ActuarialAbout 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
We are seeking an actuarial professional to join a newly formed team within Life Valuation focused on advancing strategic priorities across valuation, modeling, data infrastructure, and process transformation. The team was established to help shift the organization from reactive issue resolution toward proactive identification of opportunities, operational efficiencies, and long-term capability development.This role offers a unique opportunity to influence the future state of valuation processes, improve data and reporting capabilities, support enterprise initiatives, and contribute to key business and financial reporting priorities. The successful candidate will work across actuarial, finance, data, and technology functions to deliver meaningful improvements that enhance efficiency, transparency, and decision-making.
Job Description
Key Responsibilities
Valuation Strategy & Process Improvement
- Identify opportunities to improve valuation processes, controls, and operational effectiveness.
- Lead and support initiatives that enhance efficiency, scalability, and consistency across valuation activities.
- Help transition valuation efforts from ad hoc investigations and manual analyses to proactive monitoring and issue identification.
- Collaborate with stakeholders to evaluate current processes and implement sustainable improvements.
- Support valuation model development, enhancement, and validation efforts.
- Participate in initiatives related to financial reporting modernization and future-state valuation capabilities.
Data Infrastructure & Analytics
- Analyze and improve valuation data sourcing and data flow processes.
- Partner with data and technology teams to strengthen data quality, transparency, and governance.
- Develop analytical tools, reporting capabilities, and dashboards that provide timely insights to management.
- Automate manual processes and strengthen controls to reduce operational risk and improve reporting efficiency.
Enterprise Projects & Strategic Analysis
- Support high-priority strategic ad-hoc projects across the Life business.
- Collaborate with cross-functional stakeholders to develop solutions for complex actuarial and business challenges.
- Provide analytical support for initiatives involving valuation, financial reporting, modeling, and process transformation.
- Assist with implementation and integration activities associated with new business opportunities and strategic initiatives.
Assumption Governance & Analytical Support (as needed to support other team members)
- Support assumption review, monitoring, and governance processes.
- Perform analyses to assess the business impact of assumption changes and emerging experience trends.
- Identify opportunities to streamline assumption maintenance activities while maintaining appropriate governance standards.
- Assist in developing frameworks and methodologies that improve efficiency and prioritization of actuarial work.
Qualifications
Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
- In lieu of Bachelor's, will accept Master's in a listed discipline and 3 years of relevant experience.
- ASA or equivalent professional designation.
- Demonstrates high quality judgment, organization and prioritization skills. 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.
- Advanced computer skills.
Preferred Qualifications
- Experience in life valuation, financial reporting, assumption development, or actuarial modeling.
- Exposure to US GAAP, statutory reporting, principle-based reserving, or related valuation frameworks.
- Experience with business process improvement, automation, or transformation initiatives.
- Strong data analytics skills, including experience with SQL, Python, Power BI, or similar tools.
- Familiarity with actuarial modeling platforms such as AXIS or comparable systems.
- Experience developing management reporting, dashboards, or analytical solutions.
Working Conditions
- This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver).
- Relocation assistance will not be provided for this position
Compensation
The salary for this position generally ranges between $100,000 -$125,000 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 of 12.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer—not through text or email.
#LI-HR1
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 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
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 through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion 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. They provide 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
Aegon acquired 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
Skills Required
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field, plus 5 years of relevant experience
- Master's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field, plus 3 years of relevant experience, in lieu of a bachelor's degree
- ASA or equivalent professional designation
- High-quality judgment, organization, and prioritization skills
- Ability to communicate advanced mathematical and analytical concepts verbally and in writing
- Ability to work under pressure and within time constraints
- Advanced computer skills
- Experience in life valuation, financial reporting, assumption development, or actuarial modeling
- Exposure to US GAAP, statutory reporting, principle-based reserving, or related valuation frameworks
- Experience with business process improvement, automation, or transformation initiatives
- Strong data analytics skills, including SQL, Python, Power BI, or similar tools
- Familiarity with AXIS or comparable actuarial modeling platforms
- Experience developing management reporting, dashboards, or analytical solutions
Transamerica Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Transamerica and has not been reviewed or approved by Transamerica.
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Retirement Support — A company-funded pension alongside a 401(k) match creates a stronger-than-typical foundation for long-term savings. Feedback suggests this retirement depth elevates total rewards even when base pay is described as only “okay.”
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Leave & Time Off Breadth — Paid time off begins around four weeks in year one with about ten paid holidays and dedicated volunteer PTO. This breadth helps the overall package feel more competitive early in tenure.
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Healthcare Strength — Multiple medical plan options with recognized carriers are available, and the employer pays the majority of premiums. HSAs/FSAs and dependent care FSAs expand coverage flexibility across locations.
Transamerica Insights
What We Do
Life is about more than just money. That’s why Transamerica is committed to helping people make the wealth and health connection—it’s a whole new way of looking at everything that can affect your finances and how the little steps we take today can have a big impact tomorrow. We know that helping people achieve financial security today goes beyond that. For that reason, we will share academic, industry, and independent research so we can all work towards living better, longer. Be Well. Build Wealth.
