Director, Actuarial - Variable Annuities and RILA

Transamerica•Baltimore, MD

14d•$187,000 - $248,000•Hybrid

About The Position

The Director role, reporting to Senior Director of Valuation, will lead multi basis financial reporting for Transamerica’s Variable Annuity and Registered Index Linked Annuity (RILA) businesses, with accountability for high quality IFRS, US GAAP, and Statutory/NAIC reporting and analysis. This role will also partner closely with senior finance, CIO office, risk, and product leaders to provide clear insights into these complex product lines, ensure robust controls, and support strategic decision making in a dynamic regulatory and capital markets environment. The Director will manage a team responsible for the end to end close and reporting processes for Variable Annuities and RILAs across all reporting bases, including preparation, review, and communication of financial results and disclosures for internal and external stakeholders. This leader will drive consistency and efficiency across IFRS, US GAAP, and Statutory reporting, strengthen the control environment, and serve as a key point of contact for auditors and regulators on these product lines.

Requirements

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.

Nice To Haves

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.

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.

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
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