Lead Financial Analyst - Investment Operations
Transamerica
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Benefits offered by this job
Job summary
Transamerica, Cedar Rapids, IA, seeks a Lead Financial Analyst to join Investment Operations and report to the Investment Reporting team. You will work with Portfolio Management, Finance, Tax, technology, and other stakeholders to properly account for private debt and private equity investments from funding to exit.
The role emphasizes accountability, transparency, and timely insights into investment performance, with hybrid office expectations and a focus on process improvements.
Qualifications
- Bachelor’s degree in Accounting or Finance and/or equivalent work experience.
- Minimum of 8 years experience, with degree. Advanced computer skills.
- Experience in investment operations and private credit concepts is preferred.
Responsibilities
- Liaison with CIO office to understand allocations and address questions promptly.
- Perform due diligence on new fund managers and ensure requirements are understood.
- Monitor cash flows, validate income accruals, amortization, and transfers between entities.
- Ensure reporting consistency across business and regulatory functions.
- Lead transitions of assets between product lines and oversee regulatory schedules.
Skills
Education
Tools
Job description
Finance - General
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.
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.
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.
The Lead Financial Analyst will work directly with Investment Operations team members and other stakeholders to properly account and report activities related to private debt and private equity investments, including Asset Backed Finance, Middle Market Direct Lending, Opportunistic Credit, Infrastructure Credit, and Real Estate Credit. This role will partner closely with varying levels of leadership, operations, internal private equity analysts to drive accountability, improve transparency, and provide timely insights into investment performance. The successful candidate will have a strong understanding of the processes, documentation, data management, and fund manager communication required to execute transactions and administer assets post-close. This role will liaison with multiple stakeholders within Investment Reporting and external to build communications, operational processes, and reporting framework needed to support private credit investments. This role will work directly with internal Portfolio Management, Finance, Tax, technology, and reporting teams to ensure private credit deals are properly accounted for and reported from funding to exit.
- Liaison and work closely with the CIO office to understand current and future planned allocations, support asset transfer coordination, understand cash flow data provided, and proactively address questions and concerns raised
- As new fund managers are vetted, ensure Investment Reporting due diligence is successfully completed and requirements fully understood
- Liaison with CAS team to ensure CW reporting is available to support cash reallocation and proactively address any questions; ensure cash is moved timely between legal entities
- Liaison with Daily Operations Team by monitoring cash inflows and outflows. validate and ensure quality of accounting for income accruals, income received, amortization, between Clearwater LPx and Clearwater Core, support asset transfer movement between product lines and ensure income remains as expected on old vs new product lines
- Independently oversee quality of earned income and be able to explain and understand the change in earnings
- Extract financial and attribute data from core accounting system to independently troubleshoot cash payment discrepancies by working directly with the vendor or fund manager to resolve exceptions
- Ensure reporting consistency and accuracy across all business and regulatory functions
- Partner with operations leaders and vendor to identify system functionality improvements
- Lead transition of existing book of CML’s, Bank Loans, Limited Partnerships and other invested assets from Clearwater Core to LPx or MLx as applicable
- Lead role in completing STAT regulatory schedules, Footnotes, and General Interrogatories.
- Bachelor’s degree in Accounting or Finance and/or equivalent work experience.
- Minimum of 8 years experience, with degree. Advanced computer skills.
- 5-7 years of relevant experience working in an investment operations capacity
- Strong knowledge of private credit fund concepts across a range of strategies, including corporate direct lending
- Demonstrated ability to build cross-functional teams
- Strong knowledge of general finance, process documentation and cross functional operations
- Solid analytical skills and ability to understand and resolve complex problems
- Proficient in Microsoft Office with strong working knowledge of Microsoft Excel
- Proven ability to manage tasks with competing priorities and deadlines, while independently driving projects to completion
- Hybrid Office Environment. (In office Tuesday, Wednesday, and Thursday.)
- Fast- paced deadline- driven office environment.
- Occasional Travel <10%
Please note that 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.
- Competitive Pay
- Bonus for Eligible Employees
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
- 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
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.
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.
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
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