Senior Manager - ALM Modeling at Transamerica - Baltimore, Maryland, United States

Senior Manager – ALM Modeling at Transamerica – Baltimore, Maryland, United States 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 Senior Manager, Modeler – ALM Modeling will lead the development of asset-liability modeling frameworks and build robust “what-if” analysis capabilities across life and annuity product lines. This role supports valuation, risk management, and strategic decision-making across Finance, including the Chief Actuary and CFO teams. The ideal candidate will bring deep expertise in insurance liabilities, actuarial valuation metrics, and general account investment modeling, with strong knowledge of statutory and international financial reporting standards. Job Description Responsibilities: Design, build, and maintain ALM proxy models to support valuation, capital, and strategic planning initiatives Lead modeling efforts under statutory, IFRS, and economic capital frameworks Analyze interest rate risk using key rate durations, cash flow matching, and liquidity risk metrics Understand and apply economic capital metrics, including required capital frameworks Be familiar with advanced financial risk tools such as illiquidity premiums, expected credit loss (ECL) models under IFRS 9, economic scenario generators (ESG), and related tools Model general account investment strategies including fixed income, structured products, and alternative assets Utilize and manage actuarial modeling platforms such as ALFA or GGY AXIS Lead and mentor junior actuarial staff, reviewing model development and ensuring technical accuracy Collaborate with teams across Valuation, ALM, Investments, and Risk Management Ensure modeling assumptions and decisions are well-documented, justified, and communicated clearly 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 Ten years of modeling experience (or eight with Master’s degree) with expert knowledge in two or more products such as insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning, or artificial intelligence Seven years of experience in advanced programming or actuarial systems customization 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, including team management and mentorship Preferred Qualifications Fellow of the Society of Actuaries (FSA) 8–10 years of actuarial experience with deep expertise in life and annuity modeling Hands-on experience with ALFA, GGY AXIS, or similar actuarial software Strong understanding of statutory, IFRS, and economic capital valuation frameworks Knowledge of general account investment products and their interaction with insurance liabilities Excellent verbal and written communication skills Background in quantitative finance, financial engineering, or a related technical field Programming experience in Python, R, or similar analytics environments Experience integrating actuarial and investment models to support risk-based decision-making Working Conditions 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. Benefits Package 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. Adoption Assistance Employee Assistance Program College Coach 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. Giving Back We believe our responsibilities extend beyond our corporate walls. That’s why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work. Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity. #J-18808-Ljbffr Victrays