ALM Modeling - Senior Actuary

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.

Job Family

Actuarial

Job Description Summary

The ALM Modeling Senior Actuary will build and analyze sophisticated models for insurance products, investments and/or portfolios to increase company risk adjusted returns. This person will 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.

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.
• Develop staffing plans, recruit qualified candidates, and develop internal staff resources.
• Lead multiple 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.

Qualifications

• 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.

Preferred Qualifications

• Experience with asset liability management practices
• Comprehensive understanding of investment and finance concepts to creatively solve complex analytical problems
• Leadership capabilities to direct teams and projects
• Advanced degree
• Insurance or asset/derivatives modeling experience
• AXIS software experience

Working Conditions

• Hybrid Office Environment

Compensation

• The Salary for this position generally ranges between $157,000 – $175,000 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.

Legal Information

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration, sponsorship or otherwise serving as an employer of record for immigration employment purposes. At this time, this role is not eligible for immigration‑related employment authorization sponsorship. This is a hybrid position requiring three days in office per week in one of our hub locations (Cedar Rapids, Baltimore). Relocation assistance will not be provided for this position.

Disclaimer

Beware of fake job offers! We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note: We will never request personal information such as ID or payment for equipment upfront. Official offers are sent via DocuSign following a verbal offer—not through text or email.

Benefits Package

Competitive Pay, Bonus for Eligible Employees

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
• 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.
• Adoption Assistance
• Employee Assistance Program
• Back‑Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• 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. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

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