| Job Description | Description and Qualifications
Company description
Aegon is an international provider of life insurance, pensions and asset management that employs 26,000 people and serves nearly 47 million customers in more than 20 countries around the world. Our overall company mission is to Transform tomorrow for our customers as we help them take responsibility for their financial future.
At Aegon’s Corporate Center headquarters in The Hague, approximately 300 people of different nationalities work closely together in departments that include Finance, Treasury, Risk Management, Legal, Compliance, Group Business Development, Investor Relations, HR and Communications.
Aegon’s Risk Structuring & Transfer (RS&T) department exists to facilitate the execution of transactions that improve the risk-reward trade-off on the Aegon Group’s balance sheet. The team focuses on underwriting risk. This means:
•Supporting Aegon and Units as necessary with materials, analysis and gathering of expert opinions – internal and external to Aegon - to make decisions
•Proposing on strategic structures and working with Units to assess options for financially favorable resolutions in line with the Group’s risk tolerance
•Implementing – in close cooperation with Group Risk and others as appropriate - infrastructure to better evaluate global opportunities and better manage risk profile upon monitoring.
•Executing the Group’s risk retention strategy on behalf of Group where the MB and GRCC deem this a reasonable action
This position will be located in our Baltimore, MD, Transamerica office.
Job description
Position in the organization
The Valuation & Capital Actuary reports to the Head of Valuation for Blue Square Re.
Responsibilities
This position supports the Valuation and Capital Management unit of Blue Square Re with an emphasis on business originated by Aegon Direct & Affinity Marketing Services (ADAMS). The ideal candidate will work with other units including Pricing, Accounting, Group Risk, and with country units. This role will provide the successful candidate with exposure to a wide variety of products sold across various geographic regions including the details required to appropriately model and assess their risks.
Results
Primary duties will include but are not limited to the following:
•Responsible for quarterly financial reporting including reserve and capital calculations under various frameworks
•Work with local pricing team and across business units to ensure consistency, appropriate assumption setting, and application of best practices
•Monitor capital requirements and develop forecasts based on existing business opportunities to help guide decision making
•Identify opportunities to manage capital requirements by optimizing the portfolio taking into account both sides of the balance sheet
•Continually identify high-impact opportunities for improvement (e.g. automation, optimization)
•Maintain and improve documentation making it available electronically
•Draft any process, procedural, technical specs or correspondences needed
•Provide peer review as needed for any outgoing reporting
•Monitor and stay current is in regulatory issues, industry standards, and best practices
•Provide technical explanations on product features and functionality and impact on modeling choices and results
Knowledge, experience and skills
Qualification
•Minimum of ASA or equivalent professional designation with Bachelors Degree in Actuarial Science, Mathematics, Statistics, Economics, or related field and 3-5 years of relevant experience
•(Re)insurance and/or banking work experience
•Experience with investments, insurance products and derivatives
•Detailed risk management or financial product pricing experience
•Strong computer skills including programming
Leadership Qualities
•Engaging Communicator
•?Uses a broad range of skills to convey organizational information, both good and less good, and creates common understanding and clarity. Is approachable and outward looking
•Establishes Valuable Partnerships
•?Works with internal and external customers leading by example to create mutual success
•Change Agent
•?Driven by a bias for continuous improvement, initiates meaningful change and champions new initiatives
•Purposefully driven
•?Translates strategies into tangible objectives; provides clarity of direction so that employees and customers feel connected to the goals of the organization
•Personal accountability
•?Knows when to hold self and when to hold others accountable for success; takes ownership for actions and recognizes own weaknesses and admits mistakes;
•Eliminates complexity
•?Integrates information from multiple sources to analyze the long-term impact of actions and acts upon this with clear decisions
How to Apply:
To apply for this position, please follow the online application process. Be sure to fully complete the form and include your resume. If you experience technical problems during the application process, please email ApplicantSupport@transamerica.com.
Equal Employment Opportunity:
Transamerica Life Insurance Company (Realty Advisors, LLC) is an equal opportunity employer and does not discriminate against any applicant or employee because of age, religion, sex, gender identity, genetic information, race, color, national origin, pregnancy, sexual orientation, marital status, participation in the uniformed services (e.g. U.S. Armed Forces, National Guard), physical or mental disability, or any other status protected by federal, state, or local equal employment opportunities laws.
Applicants with physical or mental disabilities may be entitled to a form of reasonable accommodation under the Americans with Disabilities Act and certain state and local laws. A reasonable accommodation is a change in the way things are normally done which will insure equal employment opportunity without imposing undue hardship on the Transamerica Companies. Please inform the Human Resources department if you need assistance completing any forms, or to otherwise participate in the application process. |
| | Company | | Transamerica US | Job Code | | State or Province | | Maryland | | |
|
