Modeling Manager - ALM; Asset Liability Management

Job Title:

Modeling Manager – Asset Liability Management

Job Family:
Treasury, Capital Management and Asset Liability Management

Job Description

Summary:

The Modeling Manager – Asset Liability Management will build and analyze sophisticated models for insurance products, investments, hedging, and portfolio management to increase company risk‑adjusted returns. This person will leverage advanced knowledge of actuarial, financial, statistical, data science, and modeling analytics to develop, test, and validate models for various functions within the company.

• Serve as the technical lead for the Asset Transformation System (ATS), guiding continuous development and implementation of innovative solutions.
• Research methodology and refine algorithms for the Strategic Asset Allocation project, contributing to strategic investment plans.
• Support modeling activities on various insurance liabilities, fixed‑income assets, and derivatives in actuarial systems (AXIS/ALFA/MOSES/TRINITY).
• 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.
• Lead the team to build efficient models and processes to generate accurate results with minimal guidance.
• Build external or embedded controls to mitigate operating risks in workflows.
• Apply risk management techniques and company‑mandated risk methodologies.
• Apply statistical, mathematical, predictive modeling, and business analysis skills to manage complex high‑volume data from a variety of sources.
• Interpret internal or external issues and recommend solutions/best practices.
• Solve complex problems by taking a broad perspective to identify solutions.
• Apply careful judgment to modeling choices, ensuring decisions are well‑justified and defensible.
• Assess materiality of various modeling and data choices.
• Serve as a company‑wide expert in at least one specialty.
• Serve as a resource for colleagues with less experience.
• Work on advanced research projects.

• Bachelor’s degree in a technical or 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 at least two product areas 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.
• Programming experience in Python, C++, C#, or other advanced languages.
• Experience with Jira, Confluence, Bitbucket, Jenkins, and Control‑M.
• Experience with AXIS, ALFA, MOSES, or other actuarial software.
• Experience with database design and usage.
• Insurance or asset/derivatives modeling experience.
• Actuarial science background.
• QRM or similar asset–liability software experience.
• SAS, R, SPSS, or other statistical software experience.
• Effectively communicates advanced mathematical and analytical concepts to various audiences.
• Works well under pressure and within time constraints to effectively accomplish objectives.

• Hybrid office environment:
  Baltimore, Cedar Rapids, or Philadelphia.

The salary range for this position is $138,000 – $148,000 annually. Salary may vary based on qualifications, experience, geography, and operational needs. The position is typically eligible for an annual bonus per the Company Bonus Plan/Individual Performance.

• Competitive pay.
• Annual bonus eligibility.
• Pension plan.
• 401(k) match.
• Employee Stock Purchase Plan.
• Tuition reimbursement.
• Disability insurance.
• Medical, dental, and vision insurance.
• Employee discounts.
• Career training and development opportunities.
• Paid time off (starting at 160 hours annually for new…