Sr Manager, Actuarial Risk Management

Transamerica; Philadelphia (Philadelphia County); Hybrid; USD 164,000 - 215,000; Full time

Benefits offered by this job

Competitive pay

Annual bonus

Benefits package

Pension plan

401k match

Employee stock purchase plan

Tuition reimbursement

Health insurance

Job summary

Transamerica is seeking a senior financial risk professional to articulate and manage risk/return, develop models, and partner with product, pricing, valuation, reinsurance, and finance teams. This role involves leading risk assessment and reporting in a hybrid work environment.

The candidate will drive risk analysis, improve risk tools, and present findings to leadership while ensuring accuracy and detail-oriented execution across risk domains.

Qualifications

• Bachelor’s degree in finance, actuarial, economics, mathematics or other analytical field.
• Ten years of experience in risk management, financial management or related area.
• Advanced degree or actuarial, data science or investment certifications may substitute for up to three years of experience.
• Knowledge of financial risk and risk analysis tools.
• Knowledge of focus areas such as asset liability management, economic framework, derivatives, asset management.

Responsibilities

• Review and develop quantitative and analytical models to support risk management.
• Collaborate with first-line teams to identify risks and propose solutions.
• Help develop and manage risk analysis tools.
• Research issues and identify solutions within the focus area.
• Draw conclusions from data and provide detailed reporting.

Skills

Analytical skills

Data analysis

Leadership communication

Attention to detail

Education

Bachelor’s degree in finance/actuarial/economics/mathematics or analytical field

Advanced degree or actuarial/data certifications (substitute for up to 3 years experience)

Tools

Risk modeling tools

Asset liability management tools

Job description

Job Family Financial Risk

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.

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

Understand and articulate financial risk challenges and provide solutions to improve the company’s risk/return profile.

Job Description Responsibilities

• Review, and as necessary, develop quantitative and analytical models to support risk management efforts.
• Work closely with the first line (product and pricing, valuation, reinsurance, and finance teams) to find solutions to identify risks and elevate as needed.
• Help develop and manage the use of risk analysis tools.
• Research issues and identify solutions within the assigned focus area.
• Draw conclusions based on data evaluation; provide detailed reporting.

Qualifications

• Bachelor’s degree in finance, actuarial, economics, mathematics or other analytical field
• Ten years of experience in risk management, financial management or related specialization.
• Advanced degree or actuarial, data science or investment certifications may be substituted for up to three years of experience.
• Knowledge of financial risk and risk analysis tools
• Knowledge of assigned focus area, such as asset liability management, economic framework, derivatives, asset management, etc.
• Strong analytical and data skills
• Ability to understand complex problems and frame appropriate questions
• Ability to present and interact with leadership
• Strong attention to detail and accuracy

Working Conditions

This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore or Philadelphia) Relocation assistance could be provided for this position.

Compensation

The salary for this position generally ranges between $164,000 - $215,000 annually. 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 of 25% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

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.

• 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 NewYork 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.

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 December31,2023 At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by 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.

For more information about Transamerica’s privacy practices, click here.