Manager, Modeling

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.
* Lead 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
* Gather and analyze market data, calculate hedge program or portfolio statistics and develop/use models to simulate financial reporting processes.
* Serve as a company-wide expert in multiple specialties.
* Act as subject matter resource for colleagues with less experience.
* Apply and integrate statistical, mathematical, predictive modeling and business analysis skills to manage and manipulate complex high volume data from a variety of sources.
* Lead multiple projects, with accountability for ongoing activities and objectives.
* Review the work of others, providing direction and insight on research solutions to problems presented.
* Manage advanced research projects.
* 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.
* 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.
* Eight years of modeling experience (or six with Master's degree) with expert knowledge in two or more products such as insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning, or artificial intelligence
* Five years of experience in advanced programming or actuarial systems customization
* Familiarity with asset liability management practices
* Good understanding of investment and finance concepts to creatively solve analytical problems
* Leadership skills to manage teams and projects
* Advanced degree
* Insurance or asset/derivatives modeling experience
* Actuarial Science background
* Experience with database design and usage
* The Salary for this position generally ranges between $136,000 - $160,000 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 based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
* Pension Plan
* 401k Match
* Employee Stock Purchase Plan
* Tuition Reimbursement
* Disability Insurance
* Medical Insurance
* Dental Insurance
* Vision Insurance
* Employee Discounts
* Career Training & Development Opportunities
#J-18808-Ljbffr