Head of Strategic Asset Allocation and ALM

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.

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.

Transamerica is organized into three distinct businesses: 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, covering Communications, Brand, and Government and Policy Affairs. Transamerica employs nearly 7,000 people and is part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.

About the Role

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.

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.

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.

Preferred Qualifications

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

Pay

The salary for this position generally ranges between $250,000 - $275,000 annually. Actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote), and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law. Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Benefits

• Competitive pay and bonus for eligible employees.
• Comprehensive benefits package including medical, dental, and vision insurance.
• Pension plan and 401k match.
• Employee Stock Purchase Plan.
• Tuition reimbursement.
• Disability insurance.
• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten paid holidays per year (typically mirroring the New York Stock Exchange holidays).
• Be Well Company holistic wellness program, including Wellness Coaching and Reward Dollars.
• Parental Leave – fifteen days of paid parental leave per calendar year to eligible employees with at least one year of service.
• 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.