Director, Financial Analysis

Company: Transamerica Corporation
Location: Cedar Rapids
Posted on: May 28, 2023

Job Description:

Director, Financial Analysis page is loaded Director, Financial Analysis Apply locations Cedar Rapids, Iowa time type Full time posted on Posted Yesterday job requisition id R20050793 Job FamilyTreasury, Capital Management and Asset Liability Management Who We Are Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million -customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients' accounts. We're in the business of helping people live well -and -empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture. What We DoTransamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology). Job Description SummaryLead in implementing capital transactions, developing capital structures, and serve as an integral part of capital management efforts for Aegon Treasury. This position will lead in implementing capital transactions in the U.S. and will be involved, to a lesser degree, in implementing capital transactions outside the U.S. Solve balance sheet inefficiencies and redundancies across different accounting and capital regimes.Job DescriptionResponsibilities

• Demonstrated high level of expertise in life insurance capital regimes (NAIC RBC, S&P capital, Solvency II, and Economic Capital).
• Able to explain complex results, monitor changes to modeling assumptions, and able to self generate ideas on how to make capital more efficient and fungible.
• Recommend initiatives across the Transamerica Americas balance sheet in a desire to optimize capital and cash flows under the various balance sheet regimes.
• Work with Banks and Reinsurers to identify possible solutions and suggest strategies to make the balance sheet and new ventures more capital, liquidity, and collateral efficient.
• Support Treasury in efforts with rating agencies regarding their balance sheet treatment (operational leverage, fungibility of capital, etc.) of our various financing activities, as well as, to support our Solvency II and Economic Capital efforts.
• Lead on determining operational leverage capacity and constraints for the Americas balance sheet, including helping to determine best uses of operational leverage for our shareholders.
• Provide analysis of deal structures to help optimize after tax, risk adjusted, results .Qualifications
  • University or College degree in Finance, Business, or Math or related field. -
  • 10+ years experience in the financial services industry with focus on the more technical aspects of pricing, capital allocation or Asset/Liability Management related activities.
  • Strong influence and persuasion skills, and experience influencing senior leaders within the company.
  • Proven critical thinking skills and ability to appropriately challenge business leaders.
  • Exceptional business understanding of capital markets, investments, reinsurance, derivatives, insurance products, offshore captives and highly structured transactions.
  • High expertise with using and analyzing S&P, NAIC, Solvency II, and Economic capital models.
  • High expertise in Enterprise Risk Management techniques to enhance capital allocation and risk versus returns.
  • Deep understanding of capital, liquidity, and collateral processes in the context of a life insurance company.
  • Able to structure capital markets transactions. Ability to brainstorm and alter structures based on generalized knowledge of insurance accounting, tax, capital, investment, risk, regulatory, and rating agency treatment.
  • Experience with successfully managing projects within a larger organization and across different disciplines.
  • Intellectually curious, creative thinker, excellent interpersonal skills, and a willingness/desire to be part of a global team. Preferred Qualifications
    • FSA, CFA, MBA or FRM.
    • Experience providing strategic solutions to balance sheet issues within the insurance industry.
    • Experience with variable annuities and offshore captives. Working Environment: Employees will be assigned to one of the following work location designations:
      • In office employees will perform all of their work at a Company office location.
      • Hybrid employees will need to work at a Company office location at times and a remote work location (typically their home) at times.
      • Commuting Remote employees will need to report to a Company office location at times, but will perform their work primarily remotely.
      • Non-commuting Remote employees will not be assigned to report to a Company office location (although they may need to travel to a Company office upon request) and will perform their work remotely. What You Receive: A Comprehensive Wealth + Health package. It's our passion to empower people, and especially our employees, to add years to their lives and more life to their years. That means a healthy account balance and a healthy body to match. As you'll come to discover, Wealth + Health is a central part of everything we do! Wealth Benefits; Competitive Pay, Bonus, and Benefits Package; Pension Plan, 401k Match, Employee Stock Purchase Plan, Tuition Reimbursement, Disability Insurance, Employee Discounts, Career Training & Development Opportunities, Certification Sponsorship Health and Work/Life Balance Benefits; Be Well Company sponsored holistic wellness program which includes Wellness Coaching and reward dollars, Parental Leave, Adoption Assistance, Employee Assistance Program, College Coach Program, Back-up Care Program, Paid Time Off to Volunteer, Employee Matching Gifts Program, Employee Resource Groups, Inclusion and Diversity Programs, Employee Recognition Program 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 . - Compensation Benefits
        • Competitive Pay
        • Bonus for Eligible Em ployees 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 s ervice at the time of birth, placement of an adopted child, or placement of a foster care child.
            • Adoption Assistance
            • Employee Assistance Program
            • College Coach 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
            • Peer Recognition Program (BRAVO) Inclusion & Diversity Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign's Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount's "100 Best Companies" list. - In addition, as part of Transamerica's commitment to maintaining an inclusive workplace, the company sponsors 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 and provide a supportive environment for raising diversity awareness and promoting inclusive behavior. Giving Back Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work. https://www.transamerica.com/why-transamerica/aegon-transamerica-foundation Transamerica's Parent Company Aegon acquired the Transamerica business in 1999. Aegon's roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions, and asset management. 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. Websites Transamerica - Protecting Your Wealth and Health since 1906 Aegon Group Corporate Website - Aegon Management Team Transamerica Leadership - Standing For Financial Innovation Since 1906 - Transamerica About Us At Transamerica, hard work, innovative thinking and personal accountability are qualities that we honor and reward. We understand the potential that is 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 focused on helping customers secure their long-term financial futures.Transamerica is a part of AEGON, an international life insurance, pension, and asset management company. The AEGON companies employ approximately 28,000 people and have a strong presence in more than 20 countries across the globe. For more information, visit -www.transamerica.com . Job Applicant Data Privacy Statement For more information about Transamerica's privacy practices, click here.

Keywords: Transamerica Corporation, Cedar Rapids , Director, Financial Analysis, Accounting, Auditing , Cedar Rapids, Iowa