Provide analytical support to ALM, production, and reporting within a disciplined controls environment. Produce model inputs and perform business analysis to deliver key performance indicators and ensure efficient operations, including the creation of asset inventories, economic assumptions, and asset allocation strategies. Provide timely, quality resolution of inquiries and ad hoc requests. This role can be offered at the more senior level (lead analyst) commensurate to experience.

Responsibilities:

  • Run business processes and manage phases of SAA (strategic asset allocation) related projects that directly impact Transamerica financials.

  • Interpret and attribution periodically changes in SAA benchmarks by key liability product and generates performance attribution results of actual asset portfolios vs. SAA benchmarks.

  • Participate in the annual setting of economic assumptions by working cohesively with members of Life, Health, Annuity, and Risk areas.

  • Engage in annual discussions regarding economic assumption changes and facilitate the creation of model files that reflect the updated assumptions.

  • Collaborate on the development of asset-related yield assumptions in AXIS and MG_ALFA models, and execute asset-only user testing of the updates.

  • Assist customers in explanation of model results attribution and reconciliation. Resolve potential issues and escalate as appropriate.

  • Complete required change management documentation each quarter for assumption and/or system updates.

  • Resolve potential issues; escalate as appropriate.

  • Assist audit and risk partners by providing requested documentation and information as needed.

  • Maintain professional and technical knowledge; attend educational workshops, review professional publications, establish personal networks, and participate in professional societies.

  • Improve processes to increase reliability and accuracy of results and operational efficiency via automation.

  • Mentor more junior staff as needed.

Qualifications:

  • Bachelor’s degree in math, actuarial science, statistics, related science field, finance, or related business field

  • Three years of related experience (or one with Master’s degree)

  • Expert level process knowledge in three or more of the following areas:

  • Insurance liability, asset valuation, derivatives modeling, liquidity management, machine learning, artificial intelligence

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

Preferred Qualifications:

  • Advanced degree in math, actuarial science, statistics, related science field, finance, or related business field

  • Experience working with asset liability management processes in insurance or banking

  • Experience working with portfolio management in terms of strategic asset allocation and performance attribution

  • Understanding of actuarial modeling and insurance accounting a plus.

Working Conditions:

  • Hybrid office environment in one of the following locations: Cedar Rapids, IA, Baltimore, MD or Philadelphia, PA

Compensation:

The Salary for this position generally ranges between $94,000 - $112,500 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.