Director, Actuarial FP&A

Transamerica; Cedar Rapids (IA); On-site; USD 195,000 - 250,000; Full time

Benefits offered by this job

401k Match

Tuition Reimbursement

Paid Time Off

Medical Insurance

Pension Plan

Employee Stock Purchase Plan

Job summary

Transamerica is seeking a seasoned actuarial professional to join its Financial Planning and Analysis team in Cedar Rapids. You will be responsible for assessing regulatory capital impacts and supporting budgeting, forecasting, and financial reporting processes.

The ideal candidate possesses a degree in Actuarial Science with substantial experience and FSA membership. This hybrid role offers competitive compensation along with a comprehensive benefits package, aligning with professional growth and work-life balance.

Qualifications

• 10 years of related actuarial experience for Bachelor's or 8 years for Master's.
• Membership in the American Academy of Actuaries.
• Ability to communicate complex analytical concepts effectively.

Responsibilities

• Prepare and present key actuarial and financial information.
• Assess complex transactions including mergers and acquisitions.
• Collaborate with other departments to support capital planning.

Skills

Leadership

Analytical skills

Communication

Mathematical concepts

Risk assessment

Education

Bachelor’s degree in Actuarial Science or related field

Fellow of the Society of Actuaries (FSA)

Job description

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.

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. 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 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 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