Lead Business Systems Analyst - Actuarial IT

Job Family
IT - Business Analysis

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
The Lead Business Analyst - IT Actuarial plays a pivotal role in shaping how artificial intelligence enhances actuarial systems and decision-making. This role leads with an AI mindset-identifying, defining, and enabling AI-driven solutions-while serving as the bridge between actuarial experts, IT teams, and business stakeholders. The position ensures actuarial platforms, data, and models are future-ready, leveraging automation, advanced analytics, and emerging AI capabilities across Life, Health, Retirement and Annuity products.

Job Description

Responsibilities

• Lead with an AI - first perspective to identify opportunities where artificial intelligence, automation, and advanced analytics can improve actuarial systems and processes.

• Partner with actuarial business teams to gather, analyze, and document requirements, with a focus on AI - enabled use cases such as predictive insights, automation, deep research and decision support.

• Translate complex actuarial concepts into clear technical and AI - ready specifications for IT, data, and AI engineering teams.

• Collaborate with AI, data engineering, and platform teams to support AI - driven enhancements, data integrations, and modernization initiatives .

• Define and document requirements for actuarial data usage in AI/ML workflows , including data quality, lineage, and governance considerations.

• Work closely with QA and validation teams to define test scenarios and validate AI outputs and system results against actuarial expectations.

• Serve as a strategic bridge between business outcomes and AI - enabled technical execution , ensuring clarity and alignment throughout delivery.

• Research, evaluate, and propose AI approaches for actuarial modeling, risk assessment, process optimization, and analytics.

• Support change management, documentation, and stakeholder communication related to AI adoption within actuarial functions.

• Promote responsible AI usage, explainability, and transparency in actuarial systems and analytics.

Qualifications

• Bachelor's degree in business, Information Systems, Mathematics, Actuarial Science, Computer Science, or a related field.

• Proven experience as a Business Analyst in an IT, actuarial, data, or analytics-focused environment.

• Strong understanding of Life, Health, Retirement and Annuity insurance products and actuarial processes.

• Demonstrated ability to translate business and actuarial needs into AI - aware functional and technical requirements .

• Familiarity with data - driven systems , data integrations, and analytics platforms.

• Working knowledge of data analysis tools such as SQL, Excel, and BI platforms.

• Strong analytical thinking, problem-solving, and documentation skills.

• Excellent communication skills, with the ability to engage effectively with actuarial, technical, and business stakeholders.

Preferred Qualifications

• Hands-on experience or strong conceptual understanding of AI and machine learning , including predictive modeling, NLP, or decision intelligence.

• Experience supporting or partnering on AI - enabled initiatives within actuarial, finance, or insurance domains.

• Technical background in software development, data engineering, or analytics .

• Exposure to actuarial or financial data platforms and large-scale data environments.

• Experience with automation, data modernization, or digital transformation initiatives.

• Familiarity with Agile or hybrid delivery methodologies.

• Experience in insurance or financial services organizations

Working Conditions

• Hybrid Office Environment (Tuesdays, Wednesdays, Thursdays)

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.

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 based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.


Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

This is a hybrid position requiring three days in office per week in one of our hub locations (Philadelphia, PA; Cedar Rapids, IA; Denver, CO). Relocation assistance will not be provided for this position.

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