Lead Specialist - Consolidated Expense Management

Job description

Job Family Finance - General 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 This senior-level role serves as the key point of contact for the US Headquarters expense management, which includes consolidation of expenses for Transamerica Inc. subsidiaries. Job Description Responsibilities: • Expense Management for US Headquarters • Build and run a recurring, reliable, transparent, and insightful monthly expense results process. • Partner with budget owners to review results, drivers, variances, and forecasts. • Ensure accuracy, timeliness, and leadership-ready outputs. • Partner with business leaders to identify cost-saving opportunities and improve financial performance.​ • Consolidation of Transamerica Inc. Expenses • Analyze monthly expense trends and investigate significant variances against budget and forecast • Coordinate with subsidiary finance teams to ensure accurate and timely expense reporting. • Develop and maintain expense consolidation models, reporting tools, and process documentation. • Support monthly, quarterly, and annual financial close activities. • Support annual budgeting, forecasting, and long-range planning activities across subsidiaries. • Develop and execute chargeback model for US Headquarter costs • Determine annual costs to be charged to subsidiaries versus shareholders utilizing financial modeling. • Partner with the Tax department to ensure compliance with applicable tax laws and transfer pricing requirements. • Collaborate with business unit leaders to validate cost drivers and allocation assumptions. • Prepare annual chargeback calculations, supporting schedules, and executive-level summaries. Qualifications: • Bachelor’s degree in accounting or finance, or equivalent experience • Ten years of financial analysis experience, including work in the insurance, financial services or investment management industry • Expert knowledge of accounting/finance • Expense management expertise – strong understanding of budgeting, forecasting, and variance analysis • Analytical and problem solving skills • Strategic thinker able to communicate on business/market and legislative issues at a macro level • Organizational and prioritization skills, and the ability to make timely decisions using the appropriate information • Excellent written/oral communication and presentation skills to provide complex information to diverse audiences • Advanced computer skills in MS Office, Excel and financial business systems Preferred Qualifications: • Experience working with foreign subsidiaries • Experience with Anaplan, Essbase, and Oracle • CPA/advanced degree Working Conditions • Hybrid (In Office: Tuesdays, Wednesdays, Thursdays) The Salary for this position generally ranges between $128,000 - $170,000 annually/per hour. 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. Disclaimer: Beware of fake job offers! We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note: • We will never request personal information such as ID or payment for equipment upfront. • Official offers are sent via DocuSign following a verbal offer—not through text or email. This job description is not a contract of employment nor for any specific job