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Int Actuary Modeler
Career Insights for Actuary
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Scorecard
Based on Maryland data
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What they do
An Actuary calculates the financial costs of risk and uncertainty. Uses findings from statistical analysis and mathematical modeling to help businesses and clients minimize the cost of risk and develop business and investment strategies. Uses actuarial analysis of the probability and cost of natural disasters or accidents to develop insurance policies.
$124,251 / year median in Maryland
-7% projected decline
Job Description
Int Actuary Modeler
Job Family Treasury, Capital Management and Asset Liability Management About Us At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment w employees enjoy a balance between their careers, families, communities, and personal interests. Ultimately, we appreciate the uniqueness of a company w talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get t. Who We Are We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life . Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them. 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 w we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. What We Do 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. Transamerica employs nearly 7 ,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.
• For more information, visit transamerica . Job Description Summary Build and analyze sophisticated models for insurance products, investments and/or portfolios to increase company risk adjusted returns. Leverage advanced knowledge of actuarial, financial, statistical, data science and/or balance sheet modeling analytics to develop, test and validate models for various functions within the company. Job Description 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 etc. Embrace new technologies to improve workflows Build external or embedded controls to mitigate operating risks in workflows 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. 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. judgment to modeling choices in a defensible manner. Assess the materiality of various modeling and data choices Qualifications 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 Preferred Qualifications 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 experience Working Conditions This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver). Relocation assistance will not be provided for this position Compensation The 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 de... Visit the Employer site for more details
Benefits
- Dental Insurance
- Life Insurance
- Other Retirement and Savings