Senior Director, Finance - Employee Benefits

Transamerica•Cedar Rapids, IA

7d•$220,000 - $265,000•Hybrid

About The Position

The Senior Director, Finance serves as the senior Finance business partner for Transamerica’s Employee Benefits business. The role provides independent financial leadership, insight, and challenge to support the business’s growth, profitability, capital, and strategic objectives. It advises senior Employee Benefits leaders, contributes to decisions affecting the broader Finance function, and represents Employee Benefits at applicable governance committees. The position leads integrated financial planning and analysis across sales, premiums, earnings, expenses, capital, and new-business value. It evaluates product and portfolio economics, owns the financial performance narrative, and presents results, outlooks, analyses, and recommendations to business and Finance leaders and governance committees. The role coordinates with business and enterprise functions to align assumptions, projections, and management actions. It also oversees performance ratings, goals, and priorities, and makes merit and bonus decisions. This is a hybrid position requiring three days in the office per week at a hub location in Philadelphia or Cedar Rapids. The salary generally ranges from $220,000 to $265,000 annually, and the position is typically eligible for an annual bonus at the company’s discretion. Relocation assistance is not provided. Applicants must be legally authorized to work in the U.S. without immigration-related employment sponsorship.

Requirements

Bachelor’s degree in accounting or finance, or equivalent experience.
15 years of accounting or finance experience, including 10 years of management experience.
Extensive knowledge of the Employee Benefits business, including Life, Supplemental Health, and other Medical Gap products and associated economics.
Experience with GAAP and Statutory Accounting principles associated with an Employee Benefits business.
Strong leadership skills and business acumen.
Demonstrated success influencing senior business leaders and converting complex analysis into clear recommendations.
Experience leading multi-year planning, forecasting, scenario analysis, and executive performance reporting.
Ability to communicate effectively, orally and in writing, to diverse audiences.
Organizational and prioritization skills.
Advanced computer skills in MS Office, Excel, and financial business systems.
Legal authorization to work in the U.S. without immigration-related employment authorization sponsorship.

Nice To Haves

CPA or advanced degree.

Responsibilities

Serve as financial advisor to senior leaders of the Employee Benefits business, providing guidance and financial perspective in support of growth and profitability goals.
Interact with the CFO and senior leaders in Finance and participate in decisions that affect the broader Finance function.
Lead integrated financial planning for Employee Benefits, covering sales, premiums, earnings, expenses, capital, and new-business value across the annual budget, multi-year plan, and recurring forecasts; identify risks and opportunities and recommend management actions.
Lead analysis of product and portfolio economics, including pricing, underwriting performance, claims trends, expense allocation, new-business profitability, in-force returns, capital efficiency, and product mix; partner with business leaders to develop and monitor corrective actions.
Own the Employee Benefits financial performance narrative, ensuring executive reporting explains business drivers, emerging trends, variances to plan, forecast implications, and required management actions.
Present financial performance, outlook, strategic analyses, and recommendations to Employee Benefits leadership, senior Finance leadership, and relevant management and governance committees.
Coordinate with Product, Pricing, Actuarial, Sales, Distribution, Operations, Accounting, Investments, Risk, and enterprise Finance to align business assumptions, financial projections, and management actions and reflect them appropriately in financial results.
Serve as the escalation point when action is needed from other departments and third parties.
Oversee performance management ratings, goals, and priorities; make merit and bonus decisions.
Represent Employee Benefits at applicable governance committees.

Benefits

Annual bonus eligibility, based on the Company Bonus Plan and individual performance, at the company’s discretion.
Pension plan.
401(k) match.
Employee stock purchase plan.
Tuition reimbursement.
Disability insurance.
Medical insurance.
Dental insurance.
Vision insurance.
Employee discounts.
Career training and development opportunities.
Paid time off starting at 160 hours annually for employees in their first year of service.
Ten paid holidays per year.
Be Well Company holistic wellness program, including Wellness Coaching and Reward Dollars.
Paid parental leave of 15 days per calendar year for eligible employees with at least one year of service at the time of a qualifying birth or child placement.
Adoption assistance.
Employee Assistance Program.
Back-Up Care Program.
Paid time off for volunteer hours.
Employee Matching Gifts Program.
Employee Resource Groups.
Inclusion and diversity programs.
Employee Recognition Program.
Referral bonus programs.