Job Family
Treasury, Capital Management and Asset Liability Management
Job Description Summary
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.
Job Description
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
Working Conditions
- Hybrid Office Environment
Compensation
- The Salary for this position generally ranges between$200,000 - $220,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
- Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Companys discretion.
This is a hybrid position requiring three days in office per week in one of our hub locations. Relocation assistance will not be provided for this position.
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.
Disclaimer:
Beware of fake job offers!
Weve 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 offernot through text or email.
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.
Compensation Benefits
Benefits Package
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 6een (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
