Us · Cedar Rapids, IA

Associate Actuary (Governance) at Us — Cedar Rapids, IA

Full-timeCedar Rapids, IA$128,000–$165,000/yearPosted 2026-07-15Apply on Workday
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Full job description

Job Family

Actuarial

About Us

Who We Are

What We Do

Job Description Summary

The Appointed Actuary team is looking for a talented and ambitious actuary to join the team and take ownership of actuarial governance and regulatory initiatives. This position will report to the Director Actuarial and have significant exposure to the Appointed Actuary and US and Group Chief Actuaries.

Job Description

Responsibilities

  • Oversight and shepherding of assumption unlocking governance
  • Coordination of Assumptions & Methodology Committee (AMC) topics
  • Ownership of the company wide expense assumption
  • Annual reviews of regulatory changes including updating actuarial memos and opinions
  • Coordination of the Actuarial Function Report (AFR) which details the company’s asset adequacy testing, assumption and model updates, underwriting, reinsurance, and risk management practices
  • Support of actuarial regulatory projects including principle-based reserves (PBR), cash flow testing (CFT), C3P1, and related
  • Support of Pricing and Underwriting Risk Committee (PURC) special projects
  • Role has high level exposure to all Transamerica product lines and functional areas

Qualifications

  • FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 6 years of relevant experience. In lieu of Bachelor's, will accept Master's in a listed discipline and 4 years of relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 10 years of relevant experience.
  • Demonstrates high quality leadership, 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.
  • Excellent computer skills.

Preferred Qualifications:

  • Familiarity with Model Change Management (MCM) financial metrics on multiple bases including Stat, Capital, CFT, IFRS17, and Pricing
  • Solid understanding of key assumptions across Life, Health, Annuity, and Retirement products
  • Strategic thinker with excellent analytical problem-solving skills and attention to detail

Working Conditions

  • Hybrid Office Environment
  • Occasional Travel <10%
  • Limited travel may be required

Compensation

  • The Salary for this position generally ranges between $128,000 - $165,000 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 possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

This is a hybrid position requiring three days in office per week in one of our hub. Relocation assistance will not be provided for this position.

What We Offer

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

Giving Back

Transamerica’s Parent Company

  • As of December 31, 2023