# Head of Investment StrategyPhiladelphia, PAFull-Time# Head of Investment StrategyPhiladelphia, PAFull-TimeFeb 04, 2026Accounting**Job Family**Investment ManagementAt 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 .**Job Description Summary**The Head of Investment Strategy is the Chief Investment Office’s principal architect for balance‑sheet investment strategy. You will own the strategic asset allocation (SAA), guide asset–liability management (ALM) policy, and lead an integrated strategy agenda that spans investment risk & assumptions, stress testing, portfolio optimization and surveillance, rating‑agency engagement, product pricing support, reinsurance/M&A analytics, and strategic asset assignment. You’ll help set the frameworks that translate enterprise risk appetite and regulatory requirements into actionable portfolio design for the general account and surplus. Drawing on deep collaboration with Actuarial, Finance, Risk, and Product areas, you’ll turn macro views and liability insights into capital‑efficient portfolios and executable roadmaps.**Job Description****Responsibilities*** Lead enterprise strategic asset allocation (SAA) across product segments, 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.* Establish investment risk and assumption frameworks, including return expectations, credit loss/prepayment, alternative return assumptions.* Direct enterprise stress testing, scenario design, and crisis playbooks with clear capital/liquidity escalation actions.* 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.* Lead investment support for reinsurance and M&A initiatives, including asset segmentation, diligence, and post‑close integration.* Manage rating‑agency engagement, crafting the investment narrative and coordinating materials for reviews, updates, and surveillance.* Chair the asset assignment process - define transaction review standards, portfolio acceptance criteria, and manager execution guardrails.* Drive integration of multi‑manager/OCIO/affiliated AM operating models and ensure clarity of ownership across investment activities.* Lead investment governance routines and produce investment committee and board‑level materials with clear, actionable insights.* Mentor and develop a team of strategists/analysts, fostering analytical rigor, communication excellence, and culture of disciplined execution.**Qualifications*** 15+ years of experience in insurance investing with direct SAA/ALM or investment‑strategy 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, rating agencies, risk committees, and senior leadership* Track record building or enhancing strategy governance, including policies, playbooks, and cross‑functional decision frameworks* Demonstrated leadership in multi‑manager/OCIO or delegated investment models and asset assignment governance* Enterprise mindset with the ability to sequence transformation (foundation → bridge structures → long‑term partnerships)* Proven ability to lead teams, 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* Chartered Financial Analyst (FA)* Fellow of the Society of Actuaries (FSA)* Financial Risk Manager (FRM)**Working Conditions*** Office Environment* Moderate Travel 10 to 25%* Travel for internal meetings and conferencesThe Salary for this position generally ranges between $257,000 - $325,000 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**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 EmployeesBenefits Package* Pension Plan* 401k Match* Employee Stock Purchase Plan* Tuition Reimbursement* Disability Insurance* Medical Insurance* Dental Insurance* Vision Insurance* Employee Discounts* Career Training & Development OpportunitiesHealth and Work/Life Balance Benefits* Paid Time Off starting at 160 hours annually for employees in their first year of service.* Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).* Be Well Company holistic wellness program, which includes Wellness Coaching and
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