Risk Analyst -Actuarial Controls
Location: Cedar Rapids
Posted on: October 12, 2019
Job Description Summary
The people of Transamerica bring expertise, creativity, heart and
diverse thought to everything that we do-and to the communities
where we live and work
Are you interested in a highly visible internal controls position?
Do you want the chance to support interesting projects while
partnering with leaders from actuarial teams? Does learning more
about how an insurance company is driven by actuarial practices
If your answer is yes, we are looking for you!
Job DescriptionWhat you will do: In this position, you will be the
Actuarial Controls first line of defense within the Actuarial
Integrity team. Partner with actuarial process owners to support
risk identification and assessment, design, oversight reporting and
disclosure of key controls as well being a trusted partner for
business modernization efforts.
What you will learn: Develop and maintain relationships with first
line leaders from the actuarial teams, as well as risk management
personnel (second line of defense), to gain important exposure
regarding how an insurance company operates. You will learn just
how much an insurance company is driven by the actuaries and gain
knowledge about their products and processes.
What Success Looks Like:
- Ensure compliance is met on audit requirements by the actuarial
integrity team. Work with external auditors to plan and implement
an assessment of the control environment, coordination of timing
and execution of process walkthroughs, and a process for timely
sharing of potential issues for resolution with respect to internal
- Develop relationships with leaders in the business to ensure
proper documentation of processes and internal controls.
- Assist in the design of internal controls, and make
recommendations for improvement.
- Assist in documenting financial/accounting/actuarial process
flows, with a focus on internal controls and Sarbanes-Oxley
- Support the execution of managements SOX risk assessment and
scoping activities to ensure proper risk identification, process
mapping and controls linkage for a sustainable internal control
- Collaborate with the first line in development of action plans
to assess the adequacy of action taken by management to correct
reporting deficient conditions, accepting adequate corrective
action and continuing reviews with appropriate management on action
considered inadequate until satisfactory resolution.
- Collaborate with the second line the in development and
implementation of a system to capture and track control
deficiencies, as well as internal and external audit findings to
- Engage the second line in testing the design and operating
effectiveness of internal control over financial reporting.
- Assist in developing process and policies for reporting
What You Need:
- Bachelors degree in accounting or relevant field, or equivalent
- Typically five years of experience in internal controls, audit
or risk management within the financial services industry.
- Experience working on internal audits and/or operational risk
- Previous experience in Insurance or Big 4 accounting and a CPA
is highly desirable
What You Receive:
A Comprehensive Wealth + Health package. Its our passion to empower
people, and especially our employees, to add years to their lives
and more life to their years. That means a healthy account balance
and a healthy body to match. As youll come to discover, Wealth +
Health is a central part of everything we do!
Wealth Benefits; Competitive Pay, Bonus, and 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; Be Well Company sponsored
holistic wellness program which includes Wellness Coaching and
reward dollars, Parental Leave, Adoption Assistance, Employee
Assistance Program, College Coach Program, Back-up Care Program,
Paid Time Off to Volunteer, Employee Matching Gifts Program,
Employee Resource Groups, Inclusion and Diversity Programs,
Employee Recognition Program
Keywords: Transamerica, Cedar Rapids , Risk Analyst -Actuarial Controls, Accounting, Auditing , Cedar Rapids, Iowa
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