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Model Development Jobs (NOW HIRING)

Athene

AVP Model Development

West Des Moines, IA · On-site

The AVP of Model Development will lead the review, development, and implementation of model changes to Athene's corporate actuarial model, supporting a broad range of financial and strategic ...

Synchrony Financial

Synchrony's Credit Account Management (ACM) - Model Development role will provide excellent opportunities to support our ACM analytics and modeling capabilities. In this role, you will contribute to ...

Synchrony

AVP, Credit Model Development

Chicago, IL · On-site

Synchrony's Credit Account Management (ACM) - Model Development role will provide excellent opportunities to support our ACM analytics and modeling capabilities. In this role, you will contribute to ...

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Model Development information

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$50K

$107.7K

$173.5K

How much do model development jobs pay per year?

As of Jul 9, 2026, the average yearly pay for model development in the United States is $107,697.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,000.00 and $121,500.00 per year, depending on experience, location, and employer.

What is the difference between Model Development vs Data Analysis?

AspectModel DevelopmentData Analysis
Required CredentialsDegree in Data Science, Statistics, or related fields; programming skillsDegree in Statistics, Mathematics, or related fields; analytical skills
Work EnvironmentDeveloping predictive models, coding, testing algorithmsInterpreting data, generating reports, identifying trends
Industry UsageUsed in machine learning, AI, predictive analyticsUsed in business intelligence, reporting, data visualization

Model Development focuses on creating algorithms and predictive models using programming and statistical techniques, often in machine learning contexts. Data Analysis involves examining datasets to extract insights, generate reports, and support decision-making. While both roles require strong analytical skills, Model Development emphasizes building models, whereas Data Analysis centers on interpreting data and communicating findings.

What are typical challenges faced by professionals in Model Development roles, and how can they be addressed?

Model Development professionals often face challenges such as managing large and complex datasets, ensuring model accuracy and regulatory compliance, and effectively communicating technical findings to non-technical stakeholders. Addressing these challenges requires strong data management practices, staying updated with the latest industry regulations, and honing communication skills to translate complex results into actionable insights. Collaboration with cross-functional teams, such as data engineers and business analysts, is also key to successful model implementation and ongoing performance monitoring.

What jobs in the US pay 300,000 a year?

In the field of model development, senior roles such as lead data scientists, machine learning engineers, and quantitative researchers can earn $300,000 or more annually, especially with extensive experience, advanced skills in programming and statistical analysis, and work at large tech firms or financial institutions. These positions often require advanced degrees and expertise in AI, deep learning, or big data tools.

What are the key skills and qualifications needed to thrive in Model Development, and why are they important?

To thrive in Model Development, you need a strong background in statistics, mathematics, programming (often in Python or R), and a relevant degree such as in data science, economics, or computer science. Familiarity with machine learning frameworks, statistical modeling tools, and data visualization platforms is typically required, along with certifications like SAS or FRM being advantageous. Strong analytical thinking, attention to detail, and effective communication skills help professionals interpret data, validate models, and explain results to stakeholders. These skills ensure robust, compliant, and actionable models that drive sound business decisions.

What does a model developer do?

A model developer designs, builds, and tests mathematical or machine learning models to solve specific problems or make predictions. They often work with programming languages like Python or R, utilize data analysis tools, and ensure models are accurate and efficient for deployment in real-world applications.

What jobs will no longer exist in 2030?

By 2030, roles heavily reliant on manual or repetitive tasks, such as data entry clerks and certain assembly line positions, are expected to decline due to automation and AI advancements. Jobs requiring routine cognitive skills may also diminish as AI tools become more capable, while roles emphasizing complex problem-solving, creativity, and emotional intelligence are likely to persist.

What is model development?

Model development is the process of designing, building, testing, and refining mathematical, statistical, or machine learning models to solve specific business or research problems. These models are used to analyze data, make predictions, or automate decision-making. The process typically involves data collection, feature engineering, model selection, training, validation, and ongoing monitoring to ensure accuracy and relevance. Model developers often work in fields like finance, healthcare, and technology, where data-driven insights are crucial.

What is the highest paying model job?

In model development, senior roles such as Lead Data Scientist or Machine Learning Engineer typically have the highest salaries, often exceeding six figures annually. These positions require advanced skills in programming, statistical analysis, and experience with tools like Python, TensorFlow, or PyTorch, and may involve leadership responsibilities and complex project management.
More about Model Development jobs
What cities are hiring for Model Development jobs? Cities with the most Model Development job openings:
What are the most commonly searched types of Model Development jobs? The most popular types of Model Development jobs are:
What states have the most Model Development jobs? States with the most job openings for Model Development jobs include:
What job categories do people searching Model Development jobs look for? The top searched job categories for Model Development jobs are:
Model Development jobs near you
Infographic showing various Model Development job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $107,697 per year, or $51.8 per hour.
AVP Model Development

AVP Model Development

Athene

West Des Moines, IA • On-site

Full-time

Posted 7 days ago

Athene rating

7.1

Company rating: 7.1 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

Job description

We are driven to do more. More for our customers and the financial professionals who offer our products. If you are driven to do more and love the challenge of pursuing more, Athene is your kind of company. You will find we offer more than the basics to create an inclusive and dynamic work environment at our various locations.

Purpose:

The AVP of Model Development will lead the review, development, and implementation of model changes to Athene's corporate actuarial model, supporting a broad range of financial and strategic reporting needs including ALM modeling, GAAP and Statutory reporting, forecasting, risk metrics, CFT/EBS, and capital modeling. Reporting to the Vice President of Corporate Actuarial Modeling, this role serves as a technical leader within the actuarial organization, partnering across valuation, finance, and risk functions to ensure the corporate model accurately reflects business dynamics and evolving reporting requirements. The role requires strong actuarial modeling expertise, analytical rigor, and the ability to prioritize and deliver in a complex, multi-workstream environment.

Accountabilities:

Model Development & Implementation

  • Serve as key resource in developing, testing, and reviewingALM modeling, supporting PBR reporting, Cashflow Testing,EBS.

  • Mayreview, design, and implementation of model changes to the corporate actuarial model supporting GAAP and Statutory financial reporting, forecasting, risk metrics, CFT/EBS, and capital modeling.

  • Design and test robust ALM modeling capabilities across various modeling applications, including

  • May supportbuildingasset projection model

  • Translate business, regulatory, and reporting requirements into model enhancements, ensuring changes are well-documented, tested, and implemented withappropriate controls.

Analysis & Insight

  • Perform detailed actuarial analysis to investigate model behavior,validateresults, and support management decision-making.

  • Develop andmaintainanalytical frameworks to assess the impact of model changes on financial reporting, capital, and risk metrics.

  • Investigate and explain material model-driven variances in financial results, providing clear and actionable insight to stakeholders.

  • Support sensitivity testing and scenario analysis across key actuarial assumptions and market conditions.

Cross-Functional Partnership

  • Collaborate with Financial Reporting, FP&A, Risk, Capital, and Investmentteams to understand downstream modeling needs and ensure the corporate model supports their requirements.

  • Engage with valuation and assumption-setting teams to ensure model changes reflect currentmethodologyand assumptions.

  • Communicate model development status, issues, and priorities clearly to senior actuarial leadership.

Leadership & Talent Development

  • May manage a team ofanalysts and actuarial staff, providing mentorship, technical guidance, and career development support.

  • Serve as a technical leader and subject matter expert within the actuarial organization, contributing to a culture of rigor, collaboration, and continuous improvement.

  • Support knowledge transfer and documentation to build organizational resilience and modelingexpertiseacross the team.


Qualifications and Experience:

  • Bachelor's degree (or equivalent professional experience), with 7+ years of actuarial experience including direct involvement in actuarial model development, valuation, or financial reporting, and demonstrated leadership experience.
  • ASA required; FSA (or equivalent: FCIA, FIA) preferred.
  • Strong technical proficiency in actuarial modeling; experience with MG-ALFA, Aon PathWise, and/or Python preferred.
  • Deep familiarity with GAAP and Statutory valuation frameworks; working knowledge of CFT, EBS, and capital modeling a plus.
  • Experience with ALM or liability modeling preferred.
  • Experience with Asset modeling a plus
  • Proven ability to manage multiple competing priorities and deliver high-quality work under tight deadlines.
  • Strong analytical and problem-solving skills, with a track record of translating complex modeling findings into clear insights for stakeholders.
  • Effective communicator with experience engaging cross-functional partners across actuarial, finance, and risk functions.
  • Demonstrated leadership and collaboration skills; people management experience a plus.

Drive. Discipline. Confidence. Focus. Commitment. Learn more about working at Athene.

Athene is a Military Friendly Employer! Learn more about how we support our Veterans.

Athene is committed to inclusion and is proud to be an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, marital status, sexual orientation, veteran status or any other status protected by federal, state or local law.

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