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Transamerica · 1 hour ago

Director, Actuarial - Variable Annuities and RILA

Baltimore, MD

Full-time

Hybrid

Senior Level, Lead/Staff

$187K/yr - $248K/yr

8+ years exp

Transamerica is a financial services company focused on helping people achieve financial freedom. The Director role will lead multi basis financial reporting for the Variable Annuity and RILA businesses, ensuring high quality reporting and analysis while managing a team responsible for the close and reporting processes.

Financial ServicesImpact InvestingInsurance

No H1B

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

Qualification

FSA certificationFinancial reportingVariable Annuities expertiseRILA expertiseIFRS knowledgeUS GAAP knowledgeStatutory/NAIC reportingAnalytical skillsLeadership skillsCommunication skillsProblem-solving skills

Required

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

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

Benefits

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

Company

Transamerica

Glassdoor3.2

Transamerica is a private holding company that provides services for various life insurance companies and investment firms. It is a sub-organization of Aegon.

Founded in 1904

Cedar Rapids, Iowa, USA

5001-10000 employees