Actuary

• Develops actuarial analyses with respect to the companys actuarial liabilities and capital position to ensure adequate financial strength of annuity and life insurance product lines as well as overall financial strength of the company.
• Performs experience studies and assumption development for the annuity and life insurance lines of business.
• Develops asset and liability modeling and analyses of annuity and life insurance lines of business including financial projections and stress testing.
• Works on various ALM projects such as economic scenario generation duration analysis and interest rate stress testing.
• Performs valuations of actuarial reserves and liabilities.
• Performs asset adequacy testing and analyses of annuity and life insurance lines of business.
• Tests retirement plans for compliance with non-discrimination rules calculation of allowable TDA plan contributions actuarial valuation of defined benefit plans and analysis of mortality trends and longevity risk.
• Develops annuity products pricing and policyholder illustrations; determination of non-guaranteed elements such as crediting rates and dividend scales.

• University (Degree) Preferred

• 4 years Required
• 7 years Preferred

• Physical Requirements: Sedentary Work

Required Experience:

• 4 years of Actuarial experience required

• Associate of Society of Actuaries (ASA)

Preferred Experience:

• 7 years of Actuarial experience preferred

• Fellow of Society of Actuaries (FSA)

• Microsoft Excel VBA R Python Tableau

• Familiarity with MG-ALFA

• Experience with financial projections/planning & analysis stress testing capital management

• In-depth knowledge of US and Bermuda statutory and solvency frameworks for annuity products

• Excellent communication skills both verbal and written; ability to effectively relay complex concepts to non-technical audiences

• Strong critical analytical and strategic thinking

• Self-motivated able to work both independently and collaboratively and able to prioritize required tasks appropriately

• A deep understanding of various aspects of TIAA or other complex financial services organizations (e.g. legal structure sensitivity of different businesses to economic factors etc.)

Additional Job Responsibilities:

• Corporate and entity-level financial plans forecasts stress testing prospective solvency analysis; support corporate projects strategic initiatives and transactions.
• As a key user of actuarial models (specifically the M-STAR modeling platform (MG-ALFA)) work with modeling teams to relay requirements test results and ensure models appropriately support emerging developments. The ability to intimately learn M-STARs capabilities will be needed.
• Effectively communicate collaborate and negotiate with various other teams to ensure successful outcomes (Risk Management GAO CFP&A Business Finance Office Corporate Controllership Corporate Strategy Corporate Tax Actuarial Modeling & Experience Studies ALM etc.).
• Presentations of data and recommendations to committees and other groups.

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Anticipated Posting End Date:

Actual base salary may vary based upon but not limited to relevant experience time in role base salary of internal peers prior performance business sector and geographic addition to base salary the competitive compensation package may include depending on the role participation in an incentive program linked to performance (for example annual discretionary incentive programs non-annual sales incentive plans or other non-annual incentive plans).

Company Overview

Every worker deserves a secure retirement. For more than 100 years TIAA has delivered it for millions of people. Founded to help educators retire with dignity today weʼre a market-leading retirement company fueled by world-class asset management. But weʼre not just another legacy financial services firm. Weʼre fighting harder than ever before for our clients and the many Americans who need us.

Our Culture of Impact

At TIAA were on a mission to build on our 100 year legacy of delivering for our clients while evolving to meet tomorrows challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People Be Client Obsessed Lead with Integrity Own It and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveens entrepreneurial spirit where we work hard and work together to create lasting impact. Here every associate can grow through meaningful learning experiences and development pathwaysbecause when our people succeed our impact on clients lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients and is equally committed to the well-being of our associates. Thats why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health wellness and work life offerings that can help you achieve and maintain your best possible physical emotional and financial well-being. To learn more about your benefits please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age race color national origin sex religion veteran status disability sexual orientation gender identity or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page and you can read more about your rights and view government notices here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

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Drug and Smoking Policy

TIAA maintains a drug-free and smoke/free workplace.

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