Director, ALM Modeling
Transamerica · Cedar Rapids, IA · 6 days ago
Management$200k–$220k/yrFull-time
About the role
The Director of Modeling leads a team of modelers responsible for developing and maintaining tools that support asset modeling, ALM (Asset Liability Management), and general account reporting within an insurance environment.
Responsibilities
- Design the modeling framework for multiple asset and liability classes.
- Lead modeling activities on various insurance liabilities, fixed-income assets and derivatives in actuarial systems, including AXIS/ALFA/MoSes.
- Direct teams in modeling and quantifying risks including: equity and interest rate sensitivities, cash flow variability, credit, alternative investment, or liquidity risks.
- Develop and maintain relationships with key stakeholders from business line valuation, ALM, risk management, and financial/risk reporting.
- Embrace new technologies to improve workflows.
- Lead teams of company-wide experts in multiple specialties.
- Design and teach statistical, mathematical, predictive modeling and business analysis skills to modeling teams.
- Design and lead a large portfolio of projects, with accountability for ongoing activities, objectives and budget.
- Review the work of others, and provide direction/insight on research solutions to problems presented.
- Develop staffing plans, recruit qualified candidates, and develop internal staff resources.
- Lead multiple advanced research projects.
- Interpret internal or external issues and recommend solutions/best practices.
- Apply judgment to modeling choices in a defensible manner.
- Assess the materiality of various modeling and data choices.
Qualifications
- Bachelor’s degree in a technical/quantitative discipline such as statistics, math, actuarial science, computer science, economics, engineering, or a related business field such as finance
- 12 years of modeling experience (or ten with Master's degree) with expert knowledge in multiple products such as insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning or artificial intelligence
- Ten years of experience in advanced programming or actuarial systems customization
- Extensive experience with asset liability management practices
- Comprehensive understanding of investment and finance concepts to creatively solve complex analytical problems
- Leadership capabilities to direct multiple teams and projects
Preferred Qualifications
- Advanced degree
- Insurance or asset/derivatives modeling experience
- Actuarial Science background
- Experience with database design and usage
- QRM or similar asset liability software experience
- SAS, R, SPSS or other statistical software experience
- Six Sigma or other process improvement background
Pay
The Salary for this position generally ranges between $200,000 - $220,000 annually.
Schedule
This is a hybrid position requiring three days in office per week in one of our hub locations.
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
- 10 paid holidays per year
- Be Well Company holistic wellness program
- Wellness Coaching and Reward Dollars
- Parental Leave
- 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
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.
Company Information
- United in our purpose, we help people create the financial freedom to live life on their terms.
- We are part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.
- We are organized into three distinct businesses: World Financial Group, Protection Solutions and Savings & Investments, and Financial Assets.
- We employ nearly 7,000 people.
- We are committed to diversity and inclusion.
- We support nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
- We seek to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.