Director, Actuarial

Director, Actuarial - Variable Annuities and RILA Reporting to the Senior Director of Valuation, the Director will lead multi‑basis financial reporting for Transamerica’s Variable Annuity and Registered Index Linked Annuity (RILA) businesses, with accountability for IFRS, US GAAP, and Statutory/NAIC reporting and analysis. Responsibilities Lead the monthly, quarterly, and annual close and reporting processes under IFRS, US GAAP, and Statutory/NAIC requirements for Variable Annuity and RILA blocks, ensuring accuracy, completeness, and timeliness of results. Oversee preparation and review of financial statements, disclosures, and supporting schedules related to Variable Annuities and RILAs for internal management, regulators, rating agencies, and other stakeholders. Manage and develop reporting team focused on these product lines across accounting bases, including goal setting, coaching, performance management, and succession planning. Coordinate and respond to external and internal audits for IFRS, US GAAP, and Statutory reporting of Variable Annuities and RILAs, ensuring issues are understood in the context of these products and remediated promptly. Maintain and enhance a strong internal control environment over financial reporting for Variable Annuity and RILA liabilities, guarantees, and related assets, including key controls, documentation, and governance. Partner with hedging, controllership, tax, treasury, and risk teams to ensure appropriate multi‑basis accounting treatment for complex VA/RILA features, including market risk benefits, embedded derivatives, reinsurance, and hedge programs. Lead or support implementation of new accounting and regulatory standards impacting Variable Annuities and RILAs (e.g., LDTI/market risk benefits, IFRS 17, evolving NAIC guidance), including impact assessments, policy decisions, and changes to processes and systems. Drive continuous improvement, automation, and standardization of reporting processes and analytics for VA and RILA business, leveraging data and tools to improve efficiency, control, and insightfulness. Prepare and deliver clear, insightful analysis of VA/RILA actual results versus plan/prior periods, including key drivers such as equity markets, interest rates, policyholder behavior, and hedge performance, for senior management and governance committees. Serve as a subject matter expert on IFRS, US GAAP, and Statutory financial reporting for Variable Annuities and RILAs, providing guidance and training to finance and non‑finance stakeholders. 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. Exhibit effective management skills to motivate and develop a staff. Effectively communicate, both verbally and in writing, advanced mathematical and analytical concepts to various audiences. Solid understanding of capital markets and risk/return profiles of various assets. Understand company priorities and adapt to changing needs. Preferred Qualifications Significant experience (typically 8+ years) in financial reporting, controllership, or actuarial roles within life insurance, with direct exposure to Variable Annuities and/or RILAs and multi‑basis reporting (IFRS, US GAAP, Statutory/NAIC). Strong understanding of the market‑related behavior of Variable Annuity and RILA products, including key risk drivers (equity level, interest rates, volatility, policyholder behavior) and practical experience working with or alongside hedge programs for these products. Deep knowledge of insurance and annuity accounting, including VA and RILA guarantee features, market risk benefits, embedded derivatives, and related regulatory requirements across bases. Demonstrated ability to manage complex close calendars, competing priorities, and cross‑functional projects in a deadline‑driven environment for market‑sensitive product portfolios. Strong analytical, problem‑solving, and communication skills, with the ability to translate technical VA/RILA accounting and market drivers into clear messages for senior leaders and non‑technical stakeholders. Experience leading or supporting implementations of new standards or major transformations affecting Variable Annuity and/or RILA reporting (e.g., LDTI, IFRS 17, NAIC changes, reporting system upgrades) is highly valued. Working Conditions Hybrid Office or Remote Environment. Compensation The salary for this position generally ranges between $187,000 – $248,000 annually. 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 NYSE holidays). Be Well Company holistic wellness program, including 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. Transamerica is recognized for its 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. We also offer a wide range of diversity and inclusion programs, such as employee‑driven Employee Resource Groups (ERGs), which are open to all employees. Application Information Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship. At this time, this role is not eligible for immigration‑related employment authority sponsorship. 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 requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request. References to "Transamerica’s Parent Company" and other company background after this point are omitted for brevity. #J-18808-Ljbffr