Head of Alternative Investments
Transamerica
Philadelphia, Pennsylvania
Full-Time
$401
OfficeDirector
Job Family
Investment ManagementAbout 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 servingapproximately 23.9 million customersworldwide.* For more information, visit transamerica.com.
Job Description Summary
Reporting to the CIO, this role will manage and optimize a portfolio of alternative investments within the General Account ensuring strategy execution, portfolio construction, and performance oversight align with enterprise investment objectives, risk appetite, and liability profile.Job Description
Responsibilities
• Develop and execute investment strategies across alternative asset classes aligned with portfolio objectives and capital strategy.
• Lead portfolio construction, asset allocation, and optimization decisions across alternative investments.
• Source, evaluate, diligence, and select third-party asset managers and investment partners.
• Oversee external manager onboarding, governance, and ongoing compliance with investment guidelines and mandates.
• Analyze investment opportunities across alternative strategies and recommend transactions that support risk and return objectives.
• Structure and evaluate complex transactions and investment vehicles, including terms, risks, and operational considerations.
• Monitor performance, risk exposures, and key return drivers using portfolio analytics and modeling; identify underperformance risks and recommend corrective actions.
• Prepare quarterly and ad hoc portfolio performance and risk reporting for senior leadership and key stakeholders.
• Conduct benchmarking, market, and sector analysis to inform investment decisions and portfolio strategy.
• Lead, coach, and develop team members and support other portfolio managers as needed.
Qualifications
• Bachelor’s degree in finance, economics, business, or related field
• Twelve years of experience in alternative investments, investment management, or related financial services roles
• Leadership experience in portfolio management with understanding of alternative investment strategies
• Strong analytical, communication, and stakeholder management skills
• Proficient in financial modeling, data analysis, and portfolio management and analytics tools, including Microsoft Excel
Preferred Qualificaitons
• Experience within a United States life insurer investment organization
• Experience investing in asset managers, including ownership stakes or strategic partnerships
• Master of Business Administration (MBA)
• Charted Financial Analyst (CFA)
• Chartered Alternative Investment Analyst (CAIA)
Working Conditions
• Office Environment
• Occasional extended hours during peak reporting cycles or time-sensitive transactions
• Moderate (10-25%) travel
• Travel for internal leadership meetings, manager due diligence, and key stakeholder engagement
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.
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