Director, Accounting
Description
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
Responsible for establishing and leading a high-performing operational accounting center of excellence focused on accounting discipline, process rigor, control effectiveness, and continuous improvement. This role oversees cash and suspense reconciliation governance, open item aging, exposure monitoring, and other operational accounting processes, such as cashiering and billing, while partnering with Finance, Risk, Internal Controls, and Operations to ensure processes are performed completely, accurately, and within the enterprise risk and control framework.
Job Description
Responsibilities
- Establish and lead an operational accounting center of excellence to drive consistent execution, accountability, governance, and continuous improvement.
- Ensure the integrity, accuracy, and completeness of accounting and financial reporting information, with emphasis on cash activity, suspense accounting, reconciliation quality, and open item aging.
- Drive disciplined monitoring of cash and suspense reconciliation open items, including aging, exposure, root cause themes, and remediation progress.
- Use suspense accounting and reconciliation results to identify operational gaps, control weaknesses, process breakdowns, and improvement opportunities.
- May authorize and/or approve legal, regulatory, or company documents.
- Review written analysis to propose recommendations to senior management for decision making.
- Partner with Operations, Finance, Risk, Internal Controls, and other stakeholders to resolve accounting matters, strengthen controls, and align operational accounting processes with enterprise standards.
- Understand and apply technical accounting concepts for multiple bases of accounting.
- Drive the development of financial reports and complex models for forecasting, trending and results analysis.
- Lead adherence to the Company’s internal control framework, including documentation, escalation, remediation, and ongoing monitoring of operational accounting exposures.
- Oversee management staff providing hiring, direction, coaching, and training of staff. Complete performance appraisals and evaluates overall performance of team.
- Align staff goals, project priorities, cleanup initiatives, and process improvement objectives with business priorities and risk reduction goals.
- Collaborate effectively to provide input on organizational strategy and policy while managing risks.
- Develop strategic direction for the department/business unit. Responsible for departmental budget.
- Embody a culture of accountability, innovation, teamwork, and customer centricity.
Qualifications:
- Bachelor’s degree in accounting.
- Generally 12+ years of experience, including required insurance accounting experience and a strong background in insurance, financial services, or investment management.
- Required experience leading suspense cleanup, reconciliation improvement, aging reduction, exposure management, or related operational accounting remediation initiatives.
- Demonstrated management/leadership experience.
- Extensive knowledge of applicable accounting and business areas.
- Ability to communicate orally and in writing to all audiences.
- Ability to lead a large group of employees to ensure business goals are met.
- Forward thinker able to anticipate future needs/challenges.
- Strong organizational, prioritization, and project management skills, with the ability to manage competing cleanup, control, and operational improvement priorities.
- Effective judgment and decision-making skills.
Preferred Qualifications:
- CPA/advanced degree.
The Salary for this position generally ranges between $153,000 - $185,000 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.
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 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 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
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Competitive Pay
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Bonus for Eligible Employees
Benefits Package
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Pension Plan
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401k Match
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Employee Stock Purchase Plan
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Tuition Reimbursement
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Disability Insurance
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Medical Insurance
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Dental Insurance
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Vision Insurance
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Employee Discounts
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Career Training & Development Opportunities
Health and Work/Life Balance Benefits
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Paid Time Off st