Int Actuary Modeler
About the role
Build and analyze sophisticated models for insurance products, investments and/or portfolios to increase company risk adjusted returns. Leverage advanced knowledge of actuarial, financial, statistical, data science and/or balance sheet modeling analytics to develop, test and validate models for various functions within the company.
Responsibilities
- Support modeling activities on various insurance liabilities, fixed-income assets and derivatives in actuarial systems, including AXIS/ALFA/MoSes.
- Model and quantify risks including equity and interest rate sensitivities, cash flow variability, credit, alternative investment, or liquidity risks.
- Collaborate with key stakeholders from business line valuation, ALM, risk management, and financial/risk reporting etc.
- Embrace new technologies to improve workflows.
- Build external or embedded controls to mitigate operating risks in workflows.
- Apply risk management techniques and procedures, including the company's mandated risk methodologies.
- Gather and analyze market data, calculate hedge program or portfolio statistics and develop/use models to simulate financial reporting processes.
- Interpret internal or external issues and recommend solutions/best practices.
- Solve complex problems; take a broad perspective to identify solutions.
- Build efficient models and processes with minimal guidance.
- 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.
- Three years of modeling experience (or one with Master's degree).
- Adequate understanding of investment and finance concepts, and the ability to creatively apply them in solving analytical problems.
Preferred Qualifications
- Advanced degree.
- Insurance or asset/derivatives modeling experience.
- Actuarial Science background.
- Experience with database design and usage.
- Programming experience in C++/C#/Python or other advanced language.
- MoSes/AXIS/ALFA or other actuarial software.
- QRM or similar asset liability software experience.
- SAS, R, SPSS or other statistical software experience.
Working Conditions
This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver).
Compensation
- The salary for this position generally ranges between $88,000 - $95,000 annually.
- Annual Bonus of 10% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
What We Offer
- Comprehensive benefits package designed to support both the personal and financial well-being of our employees.
- 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 starting at 160 hours annually for employees in their first year of service.
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars.
- Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
- 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.
Our Commitment to Diversity and Inclusion
- We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals.
- We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
Our Foundation
- We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
About the Company
- Transamerica is part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.
- Aegon was founded in 1844 and acquired the Transamerica business in 1999.
- Aegon seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
Disclaimer
Beware of fake job offers! We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note: We will never request personal information such as ID or payment for equipment upfront. Official offers are sent via DocuSign following a verbal offer—not through text or email. This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.