Int Product Actuarial Analyst

Job Family Actuarial About 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 Perform moderately complex calculations, modeling, reporting, risk, and compliance functions to support life product development. Quantify and qualify results and perform actions required for sign-off before implementation. Job Description Responsibilities Perform moderately complex actuarial calculations, data analytics, and business systems analysis using custom and production administrative and illustration systems. Align moderately complex calculations and testing requirements with product/pricing designs and state/federal regulations. Demonstrate thorough understanding of product and calculation specifications and/or numerical examples. Create and use moderately complex formulas/macros and tools to validate system alignment with product specifications. Develop and maintain tools used for manual calculations and/or rate‑determination. Perform manual calculations of various product features and benefits where system limitations exist, providing prompt and accurate values to operations partners. Provide signoff on product related technical requirements, test plans, and user acceptance testing for projects of medium or limited scope. Demonstrate moderate understanding of system navigation, transaction activity, tables, and other system features. Perform regular, periodic, and time‑sensitive tasks with accuracy and consistently meet or exceed deadlines. Extract and integrate data from various databases to analyze and reconcile data contained in financial or customer impact reports for internal use. Support internal and external financial audits and controls by producing evidence of system calculation accuracy. Identify and implement process improvements and solutions. Qualifications Bachelor’s degree in actuarial science, mathematics, finance, or equivalent experience Four years of experience in modeling, business systems analysis, or data analytics Moderate understanding of actuarial concepts, including risk management, interest rate models, etc. Experience supporting product design projects and knowledge of associated regulatory requirements Moderate technical proficiency to maintain and enhance policy administration systems including rate tables Strong analytical and reporting skills Strong written and verbal communication skills Strong organizational skills to manage multiple priorities within deadlines Moderate experience and skills with MS Excel formula usage and creation Moderate experience with modeling software and programming languages (e.g. Access, SQL, Visual Basic) Advanced skill at working independently and collaborating in a team environment Preferred Qualifications Experience with life administration systems, particularly: CyberLife LifePRO LifeComm Knowledge life products (Term, Whole Life, Universal Life, Indexed Universal Life, Variable Universal Life). Visual Basic / Excel macro‑writing experience. SQL and Access experience. Product‑design experience. Knowledge of applicable regulatory requirements. Working Conditions This is a hybrid position requiring three days (Tuesday‑Thursday) in office per week in one of our hub locations (Cedar Rapids or Denver). Relocation assistance will not be provided for this position. Compensation The salary for this position generally ranges between $69,000 - $85,000 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 7.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. 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. 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 We Believe Our Commitment to Diversity & Inclusion 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. Corporate Information Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers. For more information, visit For more information about Transamerica’s privacy practices, click here. #J-18808-Ljbffr Transamerica