Director, Actuarial – Variable Annuities and RILA

Job Family Actuarial About 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 serving approximately 23.9 million customers worldwide. For more information, visit transamerica.com. Job Description Summary The Director role, reporting to Senior Director of Valuation, will lead multi-basis financial reporting for Transamerica’s Variable Annuity and Registered Index Linked Annuity (RILA) businesses, with accountability for high-quality IFRS, US GAAP, and Statutory/NAIC reporting and analysis. This role will also partner closely with senior finance, CIO office, risk, and product leaders to provide clear insights into these complex product lines, ensure robust controls, and support strategic decision-making in a dynamic regulatory and capital markets environment. The Director will manage a team responsible for the end-to-end close and reporting processes for Variable Annuities and RILAs across all reporting bases, including preparation, review, and communication of financial results and disclosures for internal and external stakeholders. This leader will drive consistency and efficiency across IFRS, US GAAP, and Statutory reporting, strengthen the control environment, and serve as a key point of contact for auditors and regulators on these product lines. Job Description Responsibilities - Lead the monthly, quarterly, and annual close and reporting processes under IFRS, US GAAP, and Statutory/NAIC requirements for Variable Annuity and RILA blocks, ensuring accuracy, completeness, and timeliness of results. - Oversee preparation and review of financial statements, disclosures, and supporting schedules related to Variable Annuities and RILAs for internal management, regulators, rating agencies, and other stakeholders. - Manage and develop the reporting team focused on these product lines across accounting bases, including goal setting, coaching, performance management, and succession planning. - Coordinate and respond to external and internal audits for IFRS, US GAAP, and Statutory reporting of Variable Annuities and RILAs, ensuring issues are understood in the context of these products and remediated promptly. - Maintain and enhance a strong internal control environment over financial reporting for Variable Annuity and RILA liabilities, guarantees, and related assets, including key controls, documentation, and governance. - Partner with hedging, controllership, tax, treasury, and risk teams to ensure appropriate multi-basis accounting treatment for complex VA/RILA features, including market risk benefits, embedded derivatives, reinsurance, and hedge programs. - Lead or support implementation of new accounting and regulatory standards impacting Variable Annuities and RILAs (e.g., LDTI/market risk benefits, IFRS 17, evolving NAIC guidance), including impact assessments, policy decisions, and changes to processes and systems. - Drive continuous improvement, automation, and standardization of reporting processes and analytics for VA and RILA business, leveraging data and tools to improve efficiency, control, and insightfulness. - Prepare and deliver clear, insightful analysis of VA/RILA actual results versus plan/prior periods, including key drivers such as equity markets, interest rates, policyholder behavior, and hedge performance, for senior management and governance committees. - Serve as a subject matter expert on IFRS, US GAAP, and Statutory financial reporting for Variable Annuities and RILAs, providing guidance and training to finance and non-finance stakeholders. 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. - Exhibit effective management skills to motivate and develop staff. - Effectively communicate, both verbally and in writing, advanced mathematical and analytical concepts to various audiences. - Solid understanding of capital markets and risk/return profiles of various assets. - Understand company priorities and adapt to changing needs. Preferred Qualifications - Significant experience (typically 8+ years) in financial reporting, controllership, or actuarial roles within life insurance, with direct exposure to Variable Annuities and/or RILAs and multi-basis reporting (IFRS, US GAAP, Statutory/NAIC). - Strong understanding of the market-related behavior of Variable Annuity and RILA products, including key risk drivers (equity level, interest rates, volatility, policyholder behavior) and practical experience working with or alongside hedge programs for these products. - Deep knowledge of insurance and annuity accounting, including VA and RILA guarantee features, market risk benefits, embedded derivatives, and related regulatory requirements across bases. - Demonstrated ability to manage complex close calendars, competing priorities, and cross-functional projects in a deadline-driven environment for market-sensitive product portfolios. - Strong analytical, problem-solving, and communication skills, with the ability to translate technical VA/RILA accounting and market drivers into clear messages for senior leaders and non-technical stakeholders. - Experience leading or supporting implementations of new standards or major transformations affecting Variable Annuity and/or RILA reporting (e.g., LDTI, IFRS 17, NAIC changes, reporting system upgrades) is highly valued. Working Conditions - Hybrid Office or Remote Environment Compensation The salary for this position generally ranges between $187,000 - $248,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is contingent upon qualifications and experience.