Insurance & ALM Modeling Specialist

Transamerica; Baltimore (MD); Hybrid; USD 88,000 - 105,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Medical Insurance

Job summary

Transamerica seeks a modeling professional in Treasury, Capital Management and Asset Liability Management to build and analyze sophisticated models for insurance products, investments and portfolios.

Responsibilities include risk quantification, collaboration with valuation, ALM and risk reporting teams, and applying advanced analytics and new technologies to improve processes in a hybrid environment with Baltimore locations.

Qualifications

• Bachelor’s degree in a technical/quantitative field with 3 years of modeling experience or 1 year with a Master’s degree.
• Knowledge of investment and finance concepts and ability to apply them to analytical problems.
• Experience with insurance liabilities, asset valuation, derivatives modeling, liquidity management, ML or AI.

Responsibilities

• Support modeling activities on insurance liabilities, fixed-income assets and derivatives in actuarial systems (AXIS/ALFA/MoSes).
• Model and quantify risks including equity and interest rate sensitivities, cash flow variability, credit, and liquidity risks.
• Collaborate with stakeholders from valuation, ALM, risk management, and financial reporting.
• Embrace new technologies to improve workflows.
• Build external or embedded controls to mitigate operating risks.
• Apply risk methodologies and procedures, including mandated company practices.
• Gather and analyze market data, calculate hedge program or portfolio statistics.
• Interpret issues and propose defensible solutions.
• Solve complex problems with broad perspective to identify optimal models.
• Build efficient models and processes with minimal guidance.
• Apply judgment to modeling choices.
• Assess materiality of data choices.

Skills

Statistical modeling

Risk analysis

Finance concepts

Collaboration

Education

Bachelor’s degree in a technical/quantitative discipline

Tools

MoSes/AXIS/ALFA

SAS/R/SPSS

C++/Python

Database design

Job description

Transamerica seeks a modeling professional in Treasury, Capital Management and Asset Liability Management to build and analyze sophisticated models for insurance products, investments and portfolios.

Responsibilities include risk quantification, collaboration with valuation, ALM and risk reporting teams, and applying advanced analytics and new technologies to improve processes in a hybrid environment with Baltimore locations.