Mid-Level Financial Modeler – ALM & Risk Analytics

Transamerica; Cedar Rapids (IA); Hybrid; USD 88,000 - 105,000; Full time

Job summary

Transamerica is seeking a modelingfocused professional to build and analyze sophisticated models for insurance products and asset/liability management. You will leverage actuarial, financial, statistical, and data science methods to develop, test and validate models across functions.

The role collaborates with ALM, risk reporting and valuation teams, embraces new tech, and requires strong quantitative skills and experience with risk modeling tools.

Qualifications

• Bachelor’s degree in a technical/quantitative discipline such as statistics, math, actuarial science, computer science, economics, engineering, or finance.
• Three years of modeling experience (or one with Master’s) and knowledge of at least one product such as insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning, or AI.
• Good understanding of investment and finance concepts, and the ability to creatively apply them in solving analytical problems.

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.
• 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.

Skills

Modeling experience

Investment concepts

Financial analysis

Data analysis

Education

Bachelor’s degree in technical/quantitative field

Tools

MoSes/AXIS/ALFA

Python/C++/C#

SAS/R/SPSS

Database design

Job description

Transamerica is seeking a modelingfocused professional to build and analyze sophisticated models for insurance products and asset/liability management. You will leverage actuarial, financial, statistical, and data science methods to develop, test and validate models across functions.

The role collaborates with ALM, risk reporting and valuation teams, embraces new tech, and requires strong quantitative skills and experience with risk modeling tools.