Transamerica

Intermediate Level Modeler

Transamerica$88K — $105K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a technical/quantitative field such as statistics, math, actuarial science, or finance
  • 3+ years of modeling experience, or 1+ year with a Master's degree
  • Strong grasp of investment and finance concepts
  • Experience with specific insurance products like liabilities or derivatives

Responsibilities

  • Support modeling efforts for insurance liabilities and fixed-income assets using actuarial software
  • Quantify risks related to equities, interest rates, and liquidity
  • Collaborate with stakeholders across valuation, ALM, and risk management
  • Incorporate new technologies to enhance workflows
  • Create controls to mitigate operational risks
  • Analyze market data to support financial simulations
  • Utilize statistical and predictive modeling to manage complex data
  • Recommend solutions to internal and external issues

Benefits

  • Competitive Pay
  • Bonus for Eligible Employees
  • Pension Plan
  • 401k Match
  • Employee Stock Purchase Plan
  • Tuition Reimbursement
  • Disability Insurance
  • Medical, Dental and Vision Insurance
  • Paid Time Off starting at 160 hours annually
  • 10 paid holidays annually
  • Holistic wellness program and coaching
  • 15 days paid parental leave annually for eligible employees
  • Adoption Assistance and Back-Up Care Program
  • Employee Assistance and Matching Gifts Programs
  • Diversity and Inclusion initiatives
  • Career Training and Development Opportunities
Full Job Description
Job Family
Treasury, Capital Management and Asset Liability Management

Job Description Summary
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.

Job Description

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.
  • Apply and integrate statistical, mathematical, predictive modeling and business analysis skills to manage and manipulate complex high volume data from a variety of sources.
  • 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) and knowledge of at least one product such as insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning, or artificial intelligence
  • Good 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
  • Office Environment
  • Hybrid office environment (Tuesday, Wednesday, Thursday)
  • Locations: Denver, Cedar Rapids, Baltimore


Compensation

The Salary for this position generally ranges between $88,000-105,00n annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, 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.

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration-related employment authorization sponsorship.

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.

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
  • 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 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

About Transamerica

The Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services. The company has major offices located in Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Norwood, Massachusetts; Exton, Pennsylvania; Harrison, New York; Johns Creek, Georgia; Plano, Texas; and St. Petersburg, Florida. Additional affiliated offices are located throughout the United States. In 1999, it became a subsidiary of Aegon, a European financial services company headquartered in The Hague, Netherlands. Transamerica funds the Transamerica Institute, a nonprofit foundation which comprises the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies.
Learn more about Transamerica
Industry
Founded
1904

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