Modeler - Asset Liability Management (ALM)

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 where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where 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 there.

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 where 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.com .

Job Description Summary
The Modeler - ALM Modeling will build and analyze sophisticated models for insurance products, investments and/or portfolios to increase company risk adjusted returns. Leverages 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

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Model and quantify risks including equity and interest rate sensitivities, cash flow variability, credit, alternative investment, or liquidity risks.

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Embrace new technologies to improve workflows.

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Build external or embedded controls to mitigate operating risks in workflows.

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Apply risk management techniques and procedures, including the company's mandated risk methodologies.

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Gather and analyze market data, calculate hedge program or portfolio statistics and develop/use models to simulate financial reporting processes.

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Apply and integrate statistical, mathematical, predictive modeling and business analysis skills to manage and manipulate complex high volume data from a variety of sources.

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Interpret internal or external issues and recommend solutions/best practices.

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Solve complex problems; take a broad perspective to identify solutions.

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Apply judgment to modeling choices in a defensible manner.

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Assess the materiality of various modeling and data choices.

Qualifications

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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

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Academic or job exposure to at least one area product such as insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning, or artificial intelligence

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Good understanding of investment and finance concepts, and be able to creatively apply them in solving analytical problems in the business setting

Preferred Qualifications

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Advanced degree

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Insurance or asset/derivatives modeling experience

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Actuarial Science background

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Experience with database design and usage

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2+ years of programming experience in C++/C#/Python or other advanced language

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SAS, R, SPSS or other statistical software experience

Working Conditions

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Hybrid office environment: Tues/Wed/Thurs in office

#LI-BD1

Compensation

The Salary for this position generally ranges between $73,000 - $80,000 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.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

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Competitive Pay

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Bonus for Eligible Employees

Benefits Package

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Pension Plan

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401k Match

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Employee Stock Purchase Plan

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Tuition Reimbursement

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Disability Insurance

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Medical Insurance

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Dental Insurance

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Vision Insurance

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Employee Discounts

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Career Training & Development Opportunities

Health and Work/Life Balance Benefits

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Paid Time Off starting at 160 hours annually for employees in their first year of service.

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Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

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Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

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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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Adoption Assistance

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Employee Assistance Program

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Back-Up Care Program

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PTO for Volunteer Hours

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Employee Matching Gifts Program

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Employee Resource Groups

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Inclusion and Diversity Programs

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Employee Recognition Program

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Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity