Director, Actuarial FP&A

Job Family

Actuarial

Job Description Summary

As a key member of Transamerica’s Financial Planning and Analysis team, this role involves assessing regulatory capital impacts related to the addition of new asset classes, as well as evaluating reinsurance transactions and other strategic initiatives. This role will be heavily involved in budgeting, forecasting, and financial reporting.

Job Description

Responsibilities

• Interpret, prepare, and present key actuarial and financial information to support informed leadership decision making.
• Provide guidance and advice regarding technical actuarial issues such as pricing rates, modeling methodology, reserving principles and related matters. Focus will be on forward-looking financial outcomes.
• Assess complex transactions, including mergers and acquisitions, reinsurance arrangements, and other strategic initiatives, offering guidance as needed.
• Collaborate with leaders from business units and other departments to provide meaningful management reports, support capital planning, and perform performance analysis. This involves linking product-level actuarial results to broader FP&A narratives at the enterprise level.
• Act as a trusted partner to Actuarial, Risk, ALM, Investments, Tax, and Finance Transformation teams to deliver integrated financial view.
• Drive key projects to completion by providing leadership and direction to individuals both inside and outside the organization.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics or related field, and 10 years of related actuarial experience, or Master’s degree in a listed discipline and 8 years of experience.
• FSA and American Academy of Actuaries membership.
• Demonstrate high quality leadership, judgment, organization and prioritization skills.
• Effectively communicate, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
• Solid understanding of risk/return profiles of various assets.

Preferred Qualifications

• Extensive experience in the insurance industry, knowledge of regulatory frameworks and thorough understanding of financial markets.
• Proven experience in (setting up) financial models that are used in decision making processes.
• Experience in assessing and analyzing business performance, challenging business strategies, ability to present and interpret the results of the assessment, ability to conduct complex financial research autonomously.

Working Conditions

• Hybrid Office Environment

Compensation

• The Salary for this position generally ranges between $195,000 - $250,000 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.

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 (Denver, Cedar Rapids, Philadelphia). Relocation assistance will not be provided for this position.

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 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.

Compensation Benefits

• Competitive Pay

• Bonus for Eligible Employees

Benefits Package

• Pension Plan

• 401k 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 (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.

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.

Transamerica’s Parent Company

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.

* As of December 31, 2023