Head of Financial & Underwriting Risk Management

Job Family Financial Risk About Us 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. Who We Are 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. We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms. What We Do Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) 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, which covers 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. Job Description Summary 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. Job Description 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. Qualifications 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) Preferred Qualifications 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) Working Conditions Office Environment Extended hours during peak reporting or regulatory review periods Occasional Travel