Senior Specialist, Accounting - Accounting Policy

Job Family

Financial Accounting & Reporting

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.

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.

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

Provide technical accounting expertise to business partners across Transamerica and Aegon. Develop and maintain accounting policy documents and analyze accounting implications to assist in making key accounting policy decisions.

• Provide technical accounting guidance related to current and proposed transactions to ensure consistent interpretation and conformity with authoritative accounting literature.

• Maintain oversight over the adoption of and compliance with Transamerica’s accounting policies.

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

• 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 IASB and FASB for upcoming accounting standards; assess guidance applicable to the company.

• 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.

• 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.