Int Actuary Analyst

Transamerica; Baltimore, Northern (MD, KY); Hybrid; USD 88,000 - 95,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development Opportunities

Job summary

Transamerica Corporation is seeking a skilled professional in Baltimore, MD, to support modeling activities related to insurance liabilities and financial assets. The successful candidate will work with key stakeholders to model risks and apply advanced analytics to manage complex data. A minimum of a Bachelor’s degree in a quantitative field is required, along with three years of modeling experience. We offer competitive salary and benefits, including a pension plan and 401k matching.

Qualifications

• 3 years of modeling experience, or 1 year with a Master's degree.
• Knowledge of insurance liability, asset valuation, or derivatives modeling.
• Good understanding of investment and finance concepts.

Responsibilities

• Support modeling activities on insurance liabilities and assets.
• Model and quantify risks including cash flow variability and credit.
• Collaborate across business lines for valuations.

Skills

Modeling experience

Risk management techniques

Statistical analysis

Programming in C++/C#/Python

Database design

Education

Bachelor’s degree in technical/quantitative discipline

Advanced degree

Tools

AXIS

MoSes

ALFA

SAS

R

SPSS

Job description

We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.* 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* 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* 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 experienceThe 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.* Pension Plan* 401k Match* Employee Stock Purchase Plan* Tuition Reimbursement* Disability Insurance* Medical Insurance* Dental Insurance* Vision Insurance* Employee Discounts* Career Training & Development Opportunities