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Aegon Asset Management Associate Actuary (Level 3) in Cedar Rapids, Iowa

Job FamilyActuarial

Who We Are

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.

What We Do

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology).

Job Description SummaryThis role provides the opportunity for involvement in a number of strategic projects critical to the long-term success and sustainability of the varied life products. The Life Valuation Special Projects Team is frequently relied on to ideate and quantify undertakings that are new to the company and address a number of ‘what-if’ requests from senior management. Although primarily functioning in an ex-production capacity, the team will, on occasion, be asked to provide supplementary support and analyses.

The role will offer the employee the chance to increase his or her ability to build and maintain strong relationships across Transamerica and to further develop analytical skills.Job Description


  • Supports the preparation and interpretation of actuarial information for presentation to management.

  • Monitors profitability by line of business and/or product and develops supporting reports and/or analyses.

  • Provides expertise and input in development of actuarial assumptions to use in reserve or actuarial modeling.

  • Coordinates, prepares, and performs actuarial analyses to determine appropriate valuation approaches.

  • Helps drive analysis to understand impacts from developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace.

  • Coordinates and directs special actuarial projects.

  • Provides guidance and advice regarding pricing rates, modeling methodology, or reserving and related matters.

  • Serves as a key resource for completion of one or more major recurring projects during the course of the year.

  • Maintains documentation of actuarial research and analyses.

  • Provides consultation and clarification on actuarial models and risk issues.


  • 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

  • Prior experience with valuation of universal life (secondary guarantee, indexed, variable, regular) and traditional life products, strong analytical skills, and programming skills.

  • Experience with Moody’s AXIS, Alteryx, and SQL is a plus.

*Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules. It is estimated based on what a successful Colorado applicant might be paid. It assumes that the successful candidate will be in Colorado or perform the position from Colorado. Similar positions located outside of Colorado will not necessarily receive the same compensation. *


The salary for this position generally ranges between $112,000-$148,000. This range is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2.

Bonus Eligibility:

This position is also typically eligible for an Annual Bonus, based on the Company Bonus Plan/Individual Performance and is at Company Discretion at a rate of 15%.

Working Conditions

  • Limited travel may be required.

Job and compensation levels depend upon an applicant’s qualifications including the extent of his/her relevant experience and other job related factors and will be determined by hiring supervisors/managers and HR.

What We Offer

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 Em ployees

    Benefits Package

  • Pension Plan

  • 401k Match

  • Employee Stock Purchase Plan

  • Tuition Reimbursement

  • Disability Insurance

  • Stock Purchase Plan

  • Employee Discounts

  • Career Training & Development Opportunities

    Health and Work/Life Balance Benefits

  • Paid Time Off

  • Paid Holidays

  • Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

  • Parental Leave

  • Adoption Assistance

  • Employee Assistance Program

  • College Coach 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

  • Peer Recognition Program (BRAVO)

    Inclusion & Diversity

    Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list.

    In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors 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 and provide a supportive environment for raising diversity awareness and promoting inclusive behavior.

    Giving Back

    Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work.


    Transamerica’s Parent Company

    Aegon (http://www.aegon.com/) acquired the Transamerica business in 1999. Aegon’s roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions, and asset management. 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.


    Transamerica | Protecting Your Wealth and Health since 1906 (https://www.transamerica.com/)

    Aegon Group Corporate Website | Aegon

    Management Team

    Transamerica Leadership - Standing For Financial Innovation Since 1906 | Transamerica (https://www.transamerica.com/why-transamerica/leadership)