Int Actuary Modeler

Aegon; Cedar Rapids, Baltimore, Philadelphia, Denver (IA, MD, Philadelphia County, CO); Hybrid; USD 88,000 - 95,000; Full time

Job summary

Aegon in Cedar Rapids, IA is seeking an experienced actuarial modeler to build and analyze models for insurance liabilities, assets, and portfolios. You will apply advanced statistics, finance concepts, and risk methods to support risk-adjusted returns.

Responsibilities include collaborating with valuation, ALM, risk reporting, and business lines; embracing new tech to improve workflows; and ensuring robust controls and documentation across modeling activities.

Qualifications

• Bachelor’s degree in a technical/quantitative field.
• Three years of modeling experience (or one year with Master’s degree).
• Strong understanding of investment and finance concepts.

Responsibilities

• Support modeling activities on insurance liabilities, fixed‑income assets and derivatives.
• Model and quantify risks including equity and interest rate sensitivities, cash flow variability.
• Collaborate with stakeholders from valuation, ALM, risk management, and financial/risk reporting.
• Embrace new technologies to improve workflows.
• Build external or embedded controls to mitigate operating risks in workflows.

Skills

Actuarial modeling

Statistical analysis

Financial risk assessment

Education

Bachelor’s degree in statistics, math, actuarial science, computer science, economics, engineering, or related field

Tools

MoSes/AXIS/ALFA

SAS/R/SPSS

Python

C/C++

Job description

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.
• 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

• 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).
• Relocation assistance will not be provided for this position.

Compensation

The salary for this position generally ranges between $88,000 - $95,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors 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.

Additionally, this position is typically eligible for an Annual Bonus of 10% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.