Sr. Specialist Accounting Policy

About this role

Job Family Financial Accounting & Reporting 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 Provide technical accounting expertise to business partners and leaders across all business units. Develop and maintain accounting policy documents and analyze accounting implications of new accounting guidance or strategic transactions to assist in making key accounting policy decisions. Job Description Responsibilities • Provide U.S. GAAP technical accounting guidance related to current and proposed transactions to ensure consistent interpretation and conformity with authoritative accounting literature.

• Develop and maintain global accounting policies as well as oversight of adoption and compliance with global accounting policies.

• Analyze accounting implications of alternate solutions and support business units with significant and unusual transactions in support of key accounting decisions.

• Perform independent research to support key accounting decisions.

• Consider financial impact, benefits and drawbacks, and potential legal and regulatory impacts of significant accounting transactions.

• Monitor the FASB for emerging and new adoptions of accounting standards; assess guidance applicable to the company. Participate with insurance industry technical accounting groups to ensure consistent application of global accounting standards.  

• Prepare memos and policy documents to communicate accounting changes.

• Develop, implement, and communicate new policies and processes to comply with newly issued accounting standards.

• Draft financial statement disclosures regarding upcoming accounting pronouncements.

• Work closely with senior management as well as external auditors on complex accounting topics, and engage with legal counsel, regulators, and consultants as needed.

• Serve as a technical accounting subject matter expert.

Qualifications • Bachelor’s degree in accounting or related field.

• Eight years of accounting experience.

• In-depth accounting knowledge, preferably in the financial services/insurance industry.

• Analytical and problem-solving skills.

• Written/verbal communication skills.

• Ability to work in a fast-paced, deadline-driven environment.

• Advanced computer skills.

Preferred Qualifications • Experience in technical research and preparation of accounting memorandums and policies.

• Advanced writing skills to document and communicate complex accounting and reporting issues to finance and non-finance personnel.

• Advanced strategic thinking skills when formulating interpretations of accounting guidance for new and emerging transactions and when presenting accounting interpretations to external auditors.

• CPA designation

• Big 4 experience

• Understanding of Statutory Accounting Principles

• Understanding of actuarial concepts

• Understanding of financial instruments

Working Conditions • Hybrid (In Office: Tuesdays, Wednesdays & Thursdays)

• Occasional Travel The Salary for this position generally ranges between   $112,000 - $140,000 annually .   Please note that the salary range is a good faith estimate for this position and 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.

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