Transamerica

Director, Actuarial FP&A

Transamerica$195K — $250K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or related field, and 10 years of related actuarial experience, or Master's degree with 8 years of experience.
  • Fellow of the Society of Actuaries (FSA) and membership in the American Academy of Actuaries.
  • Demonstrated leadership, judgment, organization, and prioritization skills.
  • Strong ability to communicate advanced mathematical and analytical concepts effectively to diverse audiences.
  • Solid understanding of risk/return profiles of various assets.

Responsibilities

  • Interpret and present key actuarial and financial information for leadership decision making.
  • Provide guidance on technical actuarial issues like pricing rates and reserving principles.
  • Asses complex transactions including mergers, acquisitions, and reinsurance arrangements.
  • Collaborate with various leaders to deliver comprehensive management reports and support capital planning.
  • Act as a trusted partner for multiple teams to provide an integrated financial view.
  • Lead key projects to successful completion, guiding both internal and external stakeholders.

Benefits

  • Competitive pay package and bonus eligibility for eligible employees.
  • Pension plan and 401k match to support retirement planning.
  • Tuition reimbursement to encourage ongoing education.
  • Diverse health insurance options including medical, dental, and vision.
  • Holistic wellness program with resources to promote employee well-being.
Full Job Description

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 includingqualifications, 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 Companys 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 6een (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

    About Transamerica

    The Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services. The company has major offices located in Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Norwood, Massachusetts; Exton, Pennsylvania; Harrison, New York; Johns Creek, Georgia; Plano, Texas; and St. Petersburg, Florida. Additional affiliated offices are located throughout the United States. In 1999, it became a subsidiary of Aegon, a European financial services company headquartered in The Hague, Netherlands. Transamerica funds the Transamerica Institute, a nonprofit foundation which comprises the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies.
    Learn more about Transamerica
    Industry
    Founded
    1904

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