ALM Modeling Senior Actuary at Transamerica building and analyzing models for insurance products and portfolios, enhancing company risk adjusted returns through advanced analytics.
Responsibilities
Lead modeling activities on various insurance liabilities, fixed-income assets and derivatives in actuarial systems, including AXIS.
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, financial/risk reporting, etc.
Embrace new technologies to improve workflows.
Design and 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.
Serve as a company-wide expert in multiple specialties, including portfolio yield projections.
Act as a subject matter expert 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.
Design and 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.
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.
Requirements
FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 8 years of relevant experience.
In lieu of Bachelor's, will accept Master’s in a listed discipline and 6 years or relevant experience.
In lieu of FSA will accept ASA or equivalent professional designation and 14 years of relevant experience.
Demonstrates high quality leadership, judgment, organization and prioritization skills.
Exhibits effective management skills to motivate and develop a staff.
Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
Benefits
Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
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