Senior ALM Modeler

Job Description Summary

The Senior ALM Modeler will 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.
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.
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.
May serve as a company‑wide expert in at least one specialty.
May serve as a resource 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.
May work on 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 with minimal guidance.
Apply 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.
Five years of modeling experience (or three with a Master’s degree) with expert knowledge in 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 experience.
QRM or similar asset liability software experience.
SAS, R, SPSS or other statistical software experience.
Working Conditions

This is a hybrid office environment requiring three days in office per week in one of our hub locations (Baltimore, Cedar Rapids, Philadelphia). Relocation assistance will not be provided for this position. The position is not eligible for immigration‑related employment authorization sponsorship.
Compensation

Salary generally ranges between $100,000 and $135,000 annually. Actual starting pay is determined by 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.
Eligible for an annual bonus based on the Company Bonus Plan/Individual Performance and at the Company’s discretion.
Benefits

Competitive Pay
Bonus for eligible employees
Pension plan
401(k) 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 paid holidays per year (typically mirroring NYSE holidays)
Wellness program including wellness coaching and reward dollars
Parental leave – fifteen 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 and inclusion & diversity programs
Employee recognition program and referral bonus programs

#J-18808-Ljbffr