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Transamerica · 1 day ago

ALM Modeling - Senior Actuary

Baltimore, Maryland

Full-time

Hybrid

Senior Level, Lead/Staff

$157K/yr - $175K/yr

8+ years exp

Transamerica is a financial services company committed to helping people live their best lives. The ALM Modeling Senior Actuary will build and analyze sophisticated models for insurance products and investments to enhance risk-adjusted returns, collaborating with various stakeholders and leveraging advanced analytical skills.

Financial ServicesImpact InvestingInsurance

No H1B

Responsibilities

Lead modeling activities on various insurance liabilities, fixed-income assets and derivatives in actuarial systems, including AXIS

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, financial/risk reporting, etc

Embrace new technologies to improve workflows

Design and 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

Serve as a company-wide expert in multiple specialties, including portfolio yield projections

Act as a subject matter expert for colleagues with less experience

Apply and integrate statistical, mathematical, predictive modeling and business analysis skills to manage and manipulate complex high volume data from a variety of sources

Design and lead multiple projects, with accountability for ongoing activities and objectives

Review the work of others, providing direction and 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

Solve complex problems; take a broad perspective to identify solutions

Build efficient models and processes

Apply judgment to modeling choices in a defensible manner

Assess the materiality of various modeling and data choices

Qualification

FSA designationActuarial ScienceAXIS softwareStatistical modelingRisk managementInvestment conceptsData analysisLeadership skillsCommunication skills

Required

FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience. In lieu of Bachelor's, will accept Master's in a listed discipline and 6 years or relevant experience. In lieu of FSA will accept ASA or equivalent professional designation and 14 years of relevant experience

Demonstrates high quality leadership, judgment, organization and prioritization skills

Exhibits effective management skills to motivate and develop a staff

Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences

Works well under pressure and within time constraints to effectively accomplish individual and team objectives

Preferred

Experience with asset liability management practices

Comprehensive understanding of investment and finance concepts to creatively solve complex analytical problems

Leadership capabilities to direct teams and projects

Advanced degree

Insurance or asset/derivatives modeling experience

AXIS software experience

Benefits

Competitive Pay

Bonus for Eligible 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

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

Company

Transamerica

Glassdoor3.2

Transamerica is a private holding company that provides services for various life insurance companies and investment firms. It is a sub-organization of Aegon.

Founded in 1904

Cedar Rapids, Iowa, USA

5001-10000 employees