Head of Financial & Underwriting Risk Management

Transamerica•Philadelphia, PA

3d•Onsite

About The Position

Provides enterprise leadership for financial and underwriting risk management across life insurance and reinsurance businesses, ensuring balance sheet resilience, effective capital utilization, and sound governance. Partners with executive leadership and Boards to align risk appetite, capital strategy, and underwriting discipline with long-term business objectives.

Requirements

Advanced degree in actuarial science, finance, economics, or related field
Fifteen years of progressive leadership experience in financial, actuarial, or underwriting risk management within life insurance or reinsurance organizations
Experience with enterprise risk frameworks, capital management, and balance sheet oversight
Deep knowledge of mortality, longevity, and morbidity risk in life and annuity products
Expertise in asset-liability management, stress testing, and stochastic modeling
Experience working with Boards, regulators, and rating agencies
Fellow of the Society of Actuaries (FSA) or Fellow of the Institute of Actuaries (FIA)

Nice To Haves

International experience across multi-jurisdictional life insurance or reinsurance markets
Experience partnering with investment teams on market, credit, and hedging risk oversight
Chartered Financial Analyst (CFA)
Financial Risk Manager (FRM)

Responsibilities

Set strategic direction for financial and underwriting risk across life insurance and reinsurance businesses.
Establish enterprise-wide risk frameworks, policies, and governance standards.
Define and maintain risk appetite for capital, financial, and underwriting exposures.
Oversee development and use of financial, actuarial, and underwriting risk models.
Oversee asset-liability management, liquidity planning, and enterprise stress testing.
Drive capital efficiency through reinsurance strategy, hedging programs, and product design.
Govern product approval, pricing policy, and underwriting standards across portfolios.
Design and oversee internal and external reinsurance programs, including counterparty oversight.
Oversee financial and risk reporting under United States generally accepted accounting principles (US GAAP) and United States Statutory frameworks.
Advise senior executives on strategic transactions, capital deployment, and emerging risk exposures.

Benefits

Competitive Pay
Bonus for Eligible Employees
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