Senior Director, Finance - Employee Benefits

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
The Senior Director, Finance will serve as the senior Finance business partner for the Employee Benefits business, providing independent financial leadership, insight, and challenge to support achievement of the business’s growth, profitability, capital, and strategic objectives.
Job Description
Responsibilities
Service as the financial advisor to Senior Leaders running the Employee Benefits business providing guidance and financial perspective in support of achieving the growth and profitability goals
Interact with CFO and senior leaders within each functional area in Finance and participate in decisions impacting the broader Finance function.
Lead the integrated financial planning process for Employee Benefits, including sales, premium, earnings, expenses, capital, and new-business value across the annual budget, multi-year plan, and recurring forecasts; identify key risks and opportunities and recommend management actions.
Lead analysis of product and portfolio economics, including pricing, underwriting performance, claims trends, expense allocation, new-business profitability, in-force returns, capital efficiency, and product mix; partner with business leaders to develop and monitor corrective actions.
Own the financial performance narrative for Employee Benefits, ensuring executive reporting clearly explains underlying business drivers, emerging trends, variances to plan, forecast implications, and required management actions.
Present financial performance, outlook, strategic analyses, and recommendations to Employee Benefits leadership, senior Finance leadership, and relevant management and governance committees.
Coordinate across Product, Pricing, Actuarial, Sales, Distribution, Operations, Accounting, Investments, Risk, and enterprise Finance functions to ensure business assumptions, financial projections, and management actions are aligned and appropriately reflected in financial results.
Serve as the escalation point when action is needed from other departments and third parties.
Oversee performance management ratings, goals, and priorities; make merit and bonus decisions.
Represent Employee Benefits at applicable governance committees
Qualifications
Bachelor’s degree in accounting or finance, or equivalent experience
15 years of accounting/finance experience including ten years of management experience
Extensive knowledge of the Employee Benefits business, including Life, Supplemental Health and other Medical Gap products and associated economics
Experience with GAAP and Statutory Accounting principles associated with an Employee Benefits business
Strong leadership skills and business acumen
Demonstrated success influencing senior business leaders and converting complex analysis into clear recommendations
Experience leading multi-year planning, forecasting, scenario analysis, and executive performance reporting
Ability to effectively communicate, orally and in writing, to diverse audiences
Organizational and prioritization skills
Advanced computer skills in MS Office, Excel and financial business systems
Preferred Qualifications
CPA/advanced degree
Working Conditions
Hybrid Office Environment
Compensation
The Salary for this position generally ranges between $220,000 - $265,000 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 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 (Philadelphia, Cedar Rapids). Relocation assistance will not be provided for this position.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
We will never request personal information such as ID or payment for equipment upfront.
Official offers are sent via DocuSign following a verbal offer—not through text or email.
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