Lead Specialist - Consolidated Expense Management

Transamerica; Baltimore (MD); Hybrid; USD 128,000 - 170,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Employee Discounts

Career Training & Development

Job summary

Transamerica seeks a senior-level finance professional to manage US Headquarters expenses, consolidations, and chargeback modeling. The role focuses on building reliable monthly expense processes, partnering with budget owners, and ensuring accurate reporting for subsidiaries.

Responsibilities include close collaboration with tax and business leaders, supporting annual budgeting, and delivering executive‑level summaries.

Qualifications

• Bachelor’s degree in accounting or finance or equivalent experience.
• Ten years of financial analysis experience in insurance, financial services or investment management.
• Expert knowledge of accounting/finance and budgeting, forecasting and variance analysis.
• Strong communication, analytical and problem-solving skills.
• Ability to communicate on business/market and legislative issues at a macro level.
• Strong organizational and prioritization skills for timely decisions.
• Excellent written and oral communication and presentation skills.
• Advanced computer skills in MS Office, Excel and financial systems.

Responsibilities

• Expense Management for US Headquarters with monthly close and reporting.
• Consolidation of Transamerica Inc. expenses and variance analysis.
• Develop and maintain expense consolidation models and reporting tools.
• Support annual budgeting, forecasting and long‑range planning across subsidiaries.
• Develop and execute chargeback model for US Headquarter costs with tax and allocation considerations.

Skills

Analytical skills

Problem solving

Communication skills

Presentation skills

Strategic thinking

Organizational skills

Education

Bachelor's degree in accounting or finance

CPA/advanced degree (preferred)

Tools

MS Office

Excel

Financial systems

Anaplan

Essbase

Oracle

Job description

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.

Job Family

Finance - General

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

This senior-level role serves as the key point of contact for the US Headquarters expense management, which includes consolidation of expenses for Transamerica Inc. subsidiaries.

Responsibilities

• Expense Management for US Headquarters
  • Build and run a recurring, reliable, transparent, and insightful monthly expense results process.
  • Partner with budget owners to review results, drivers, variances, and forecasts.
  • Ensure accuracy, timeliness, and leadership-ready outputs.
  • Partner with business leaders to identify cost‑saving opportunities and improve financial performance.
• Consolidation of Transamerica Inc. Expenses
  • Analyze monthly expense trends and investigate significant variances against budget and forecast
  • Coordinate with subsidiary finance teams to ensure accurate and timely expense reporting.
  • Develop and maintain expense consolidation models, reporting tools, and process documentation.
  • Support monthly, quarterly, and annual financial close activities.
  • Support annual budgeting, forecasting, and long‑range planning activities across subsidiaries.
• Develop and execute chargeback model for US Headquarter costs
  • Determine annual costs to be charged to subsidiaries versus shareholders utilizing financial modeling.
  • Partner with the Tax department to ensure compliance with applicable tax laws and transfer pricing requirements.
  • Collaborate with business unit leaders to validate cost drivers and allocation assumptions.
  • Prepare annual chargeback calculations, supporting schedules, and executive‑level summaries.

Qualifications

• Bachelor’s degree in accounting or finance, or equivalent experience
• Ten years of financial analysis experience, including work in the insurance, financial services or investment management industry
• Expert knowledge of accounting/finance
• Expense management expertise – strong understanding of budgeting, forecasting, and variance analysis
• Analytical and problem solving skills
• Strategic thinker able to communicate on business/market and legislative issues at a macro level
• Organizational and prioritization skills, and the ability to make timely decisions using the appropriate information
• Excellent written/oral communication and presentation skills to provide complex information to diverse audiences
• Advanced computer skills in MS Office, Excel and financial business systems

Preferred Qualifications

• Experience working with foreign subsidiaries
• Experience with Anaplan, Essbase, and Oracle
• CPA/advanced degree

Working Conditions

• Hybrid (In Office: Tuesdays, Wednesdays, Thursdays)

Salary

The Salary for this position generally ranges between $128,000 - $170,000 annually/per hour. 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.

What We Offer

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