Head of Alternative Investments

About this role

Job Family Investment Management 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 Reporting to the CIO, this role will manage and optimize a portfolio of alternative investments within the General Account ensuring strategy execution, portfolio construction, and performance oversight align with enterprise investment objectives, risk appetite, and liability profile. Job Description Responsibilities

• Develop and execute investment strategies across alternative asset classes aligned with portfolio objectives and capital strategy. • Lead portfolio construction, asset allocation, and optimization decisions across alternative investments. • Source, evaluate, diligence, and select third-party asset managers and investment partners. • Oversee external manager onboarding, governance, and ongoing compliance with investment guidelines and mandates. • Analyze investment opportunities across alternative strategies and recommend transactions that support risk and return objectives. • Structure and evaluate complex transactions and investment vehicles, including terms, risks, and operational considerations. • Monitor performance, risk exposures, and key return drivers using portfolio analytics and modeling; identify underperformance risks and recommend corrective actions. • Prepare quarterly and ad hoc portfolio performance and risk reporting for senior leadership and key stakeholders. • Conduct benchmarking, market, and sector analysis to inform investment decisions and portfolio strategy. • Lead, coach, and develop team members and support other portfolio managers as needed.

Qualifications

• Bachelor’s degree in finance, economics, business, or related field • Twelve years of experience in alternative investments, investment management, or related financial services roles • Leadership experience in portfolio management with understanding of alternative investment strategies • Strong analytical, communication, and stakeholder management skills • Proficient in financial modeling, data analysis, and portfolio management and analytics tools, including Microsoft Excel

Preferred Qualificaitons

• Experience within a United States life insurer investment organization • Experience investing in asset managers, including ownership stakes or strategic partnerships • Master of Business Administration (MBA) • Charted Financial Analyst (CFA) • Chartered Alternative Investment Analyst (CAIA)

Working Conditions

• Office Environment • Occasional extended hours during peak reporting cycles or time-sensitive transactions • Moderate (10-25%) travel • Travel for internal leadership meetings, manager due diligence, and key stakeholder engagement

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

What We Offer      For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.    Compensation 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 Opportuni

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