Staff Actuary - Annuities Valuation

Staff Actuary

The Staff Actuary will play a key role within the VA/RILA Reporting group, supporting IFRS 17 financial reporting and U.S. GAAP (LDTI) reporting post conversion. This role is responsible for executing complex actuarial and risk analyses for variable annuity and registered index linked annuity products. The position partners closely with actuarial, finance, investments, and risk management teams to ensure accurate, timely, and well-controlled financial reporting. In addition, this role supports assumption development, model governance, and financial reporting deliverables aligned with enterprise risk management objectives.

Responsibilities

• Perform actuarial and risk analysis to support IFRS 17 and U.S. GAAP reporting for VA/RILA products
• Develop and analyze assumptions used in valuation, financial reporting, and risk management
• Assess key risks (market, interest rate, credit, liquidity, and hedging) and their financial impacts
• Support production, validation, and explanation of IFRS 17 and GAAP financial results
• Prepare actuarial reporting components, including reserves, financial reports, and supporting documentation
• Partner with actuarial, finance, ALM, and investment teams to review models, results, and controls, and communicate insights to leadership

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

• Direct experience with IFRS 17 reporting, implementation, or ongoing production support
• Strong knowledge of VA/RILA products, derivatives, and capital markets
• Familiarity with U.S. GAAP (LDTI) reporting
• Experience working in a controlled reporting environment (documentation, governance, audit)
• Programming or model development experience preferred

Working Conditions

• Hybrid office environment: 3 days in office (Tuesday-Thursday) - Cedar Rapids, IA or Denver, CO
• Relocation assistance will not be provided for this position

Compensation

The salary for this position generally ranges between $95,000 – $120,000 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.