Sr. Product Actuarial Analyst
- Location
- Cedar Rapids, Iowa; Denver, Colorado
- Work mode
- On-site
- Employment type
- Full-time
About the job
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 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 advanced actuarial calculations, data analytics, and business systems analysis using custom and production administrative and illustrations systems.
- Align complex calculations and testing requirements with product/pricing designs and state/federal regulations. Create and deliver clear calculation specifications and/or numerical examples via spreadsheets for cross functional consumption.
- Create and use complex formulas/macros and tools to validate system alignment with product specifications.
- Collaborate with Technology and Operations to ensure accurate understanding of product specifications for projects of moderate complexity.
- Provide final signoff on product related technical requirements, test plans, and user acceptance testing. Represent role as a key component of project leadership team and provide status reporting to senior leadership.
- Demonstrate advanced understanding of system navigation, transaction activity, tables, and other system features.
- Assist Legal/Compliance, Finance, and Operational Risk with sensitive production issues and resolutions.
- Analyze and reconcile data into financial or customer impact reports for leadership, legal/compliance, audit/controls, operational risk, or technology consumption.
- May supervise financial related projects or serve as an actuarial representative on project teams, including internal and external financial audits and controls by producing evidence of system calculation accuracy
- Provide supervision in identifying and implementing process improvement opportunities.
- Mentor, train, and assist junior team members as needed.
Qualifications
- Bachelor’s degree in actuarial science, mathematics, finance or equivalent experience
- Six years of experience in modeling, business systems analysis, or data analytics
- Strong understanding of complex actuarial concepts, including risk management, interest rate models, payout models, etc.
- Moderate experience supporting product design projects and knowledge of associated regulatory requirements
- Advanced technical proficiency to maintain and enhance policy administration systems including rate tables
- Advanced analytical and reporting skills
- Strong written and verbal communication skills
- Strong organizational skills to manage multiple priorities within deadlines
- Advanced experience and skills in MS Excel formula use and creation
- Advanced experience and skills with modeling software and programming languages (e.g. Access, SQL, Visual Basic)
- Expert 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 $88,000 - $110,000 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 10% 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
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
From Transamerica's careers page (Workday), checked 29 Oct 2026.
How to apply
- Select Apply on transamerica.wd5.myworkdayjobs.com. It opens Transamerica's own application form in a new tab, run on Workday.
- Fill in the form and upload your résumé there. Jobiwork never sees your application.
- Transamerica will reply to you directly. No real employer asks you for money to apply.
Posted 28 Oct 2026 · checked 29 Oct 2026 · Report this job