Head of Strategic Asset Allocation and ALM

Transamerica•Philadelphia, PA

13d•$250,000 - $275,000•Hybrid

About The Position

The Head of Strategic Asset Allocation and ALM will own the strategic asset allocation (SAA) framework and guide asset–liability management (ALM) policy. You will be responsible for developing and implementing the asset allocation framework that translates enterprise risk appetite and requirements into actionable portfolio design for the general account and surplus. Drawing on deep collaboration with Actuarial, Finance, Risk, and Product areas, you will turn macro views and liability insights into capital efficient portfolios and executable roadmaps.

Requirements

10+ years of experience in insurance investing with direct SAA leadership
Bachelor's degree in finance, economics, actuarial science, or related field
Deep understanding of life insurance liabilities, capital frameworks (RBC/Bermuda), and rating‑agency methodologies
Expertise across fixed income, structured products, and private credit, including risk/return drivers and portfolio integration
Strong command of investment modeling, scenario design, and optimization, with working knowledge of Python/SQL or similar tools preferred
Executive‑level communication skills; proven ability to present to boards, management committees, and senior leadership
Proven ability to manage complex workflows, influence senior stakeholders, and drive execution in a regulated environment

Nice To Haves

Graduate degree in finance, economics, actuarial science, or related field

Responsibilities

Lead enterprise strategic asset allocation (SAA) across product segments and the total General Account, including target-setting, constraints, and rebalancing frameworks.
Oversee ALM policy, integrating interest‑rate, credit, liquidity, and liability‑driven metrics across IFRS/GAAP/Statutory/Bermuda views.
Guide portfolio optimization and surveillance, including look‑through analytics, relative‑value frameworks, and tactical adjustments.
Embed investment assumptions into pricing, earnings plans, and capital‑efficient product designs, partnering with Actuarial and Product.
Provide investment support for reinsurance and M&A initiatives, including asset optimization, diligence, and post‑close integration.

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