Job Description

Job Family

Financial Risk

Provides enterprise leadership for financial and underwriting risk management across life insurance and reinsurance businesses, ensuring balance sheet resilience, effective capital utilization, and sound governance. Partners with executive leadership and Boards to align risk appetite, capital strategy, and underwriting discipline with long-term business objectives.

Responsibilities

• Set strategic direction for financial and underwriting risk across life insurance and reinsurance businesses.
• Establish enterprise-wide risk frameworks, policies, and governance standards.
• Define and maintain risk appetite for capital, financial, and underwriting exposures.
• Oversee development and use of financial, actuarial, and underwriting risk models.
• Oversee asset-liability management, liquidity planning, and enterprise stress testing.
• Drive capital efficiency through reinsurance strategy, hedging programs, and product design.
• Govern product approval, pricing policy, and underwriting standards across portfolios.
• Design and oversee internal and external reinsurance programs, including counterparty oversight.
• Oversee financial and risk reporting under United States generally accepted accounting principles (US GAAP) and United States Statutory frameworks.
• Advise senior executives on strategic transactions, capital deployment, and emerging risk exposures.

Qualifications

• Advanced degree in actuarial science, finance, economics, or related field
• Fifteen years of progressive leadership experience in financial, actuarial, or underwriting risk management within life insurance or reinsurance organizations
• Experience with enterprise risk frameworks, capital management, and balance sheet oversight
• Deep knowledge of mortality, longevity, and morbidity risk in life and annuity products
• Expertise in asset-liability management, stress testing, and stochastic modeling
• Experience working with Boards, regulators, and rating agencies
• Fellow of the Society of Actuaries (FSA) or Fellow of the Institute of Actuaries (FIA)

Preferred Qualifications

• International experience across multi-jurisdictional life insurance or reinsurance markets
• Experience partnering with investment teams on market, credit, and hedging risk oversight
• Chartered Financial Analyst (CFA)
• Financial Risk Manager (FRM)

Working Conditions

• Office Environment
• Extended hours during peak reporting or regulatory review periods
• Occasional Travel <10%
• Occasional travel for Board, regulator, and stakeholder meetings

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