Sr Risk Analyst - Annuities (Hybrid)

Transamerica•Cedar Rapids, IA

20h•$95,000 - $120,000•Hybrid

About The Position

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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 — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life. Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them. Transamerica is organized into three distinct businesses: World Financial Group (including Transamerica Financial Advisors), Protection Solutions and Savings & Investments (comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions), and Financial Assets (which includes legacy blocks of long term care, universal life, and variable and fixed annuities). These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs (Communications, Brand, and Government and Policy Affairs). Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. For more information, visit transamerica.com. The Senior Risk Analyst will play a key role within the VA/RILA Reporting group, supporting IFRS 17 financial reporting and U.S. GAAP reporting post conversion. This role is responsible for supporting complex risk and financial analyses related to variable annuity and registered index linked annuity products, partnering closely with actuarial, finance, investments, and risk management teams. The position contributes to accurate, timely, and well controlled reporting while ensuring alignment with enterprise risk management objectives.

Requirements

Requires an advanced degree in math, actuarial science, statistics, related science field, finance, or related business field OR Bachelor’s Degree plus FSA/CFA/Equivalent Designation or Bachelor’s Degree plus 5 years’ experience.
Candidates without a designation should be making progress towards an FSA, ASA, FRM, CFA or similar designation.
Must possess good understanding of investment and finance concepts, and be able to creatively apply them in solving analytical problems in the business setting.
Must possess excellent communication skills.
Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship or otherwise serving as an employer of record for immigration employment purposes.

Nice To Haves

Direct experience with IFRS 17 reporting, implementation, or ongoing production support.
Strong knowledge of VA/RILA products, capital markets, and derivatives.
Familiarity with U.S. GAAP (LDTI) reporting is a plus.
Experience working in a controlled reporting environment, including documentation, governance, and audit support.

Responsibilities

Execute complex risk analysis, modeling, and reporting activities supporting IFRS 17 and U.S. GAAP frameworks for VA/RILA products.
Quantify and analyze key risks, including equity market risk, interest rate risk, cash flow variability, credit risk, liquidity risk, and hedging impacts, with emphasis on their financial reporting implications.
Support the production, validation, and interpretation of IFRS 17 results, including drivers of movement, sensitivities, and disclosure support.
Provide analytical support for GAAP conversion processes.
Partner with actuarial modeling, ALM, finance, and investment teams to assess model results, assumptions, and controls impacting financial statements.
Effectively communicate complex analytical results to team leaders through clear documentation, presentations, and executive‑level summaries.

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