Senior Director, Employee Benefits Product Strategy

Job Family

Product Development / Implementation

Job Description Summary

Leads the strategy, financial performance, and long-term direction of Transamerica’s Employee Benefits product portfolio. This role defines and executes a clear product strategy aligned to enterprise financial objectives, market opportunities, and customer experience expectations. Accountable for portfolio profitability, competitive positioning, and roadmap execution across multiple distribution channels through close partnership with Distribution, Actuarial, Finance, Technology, Operations, Risk, and Compliance.

Job Description

Responsibilities

• Define and own the product vision and multi-year strategy for the Employee Benefits portfolio, aligned to enterprise financial and growth objectives.
• Establish and maintain a strategic product roadmap that balances customer needs, market trends, regulatory requirements, and business priorities.
• Lead competitive and market intelligence efforts to identify trends, risks, and differentiation opportunities, in collaboration with Distribution leadership.
• Partner with Product Actuarial and Finance to monitor product profitability, pricing, risk, and capital impacts; drive corrective actions when performance deviates from expectations.
• Develop and maintain a quarterly product scorecard measuring performance against financial, growth, risk, and customer metrics.
• Drive execution of strategic initiatives through collaboration with the Enterprise PMO, Technology, and Operations.
• Serve as a senior advisor and primary stakeholder interface, communicating strategy, performance, risks, and actions to executive leadership and enterprise partners.
• Lead, mentor, and develop a cross-functional team including product managers, actuaries, analysts, and compliance resources.
• Build and sustain a high-performing organization through talent development, succession planning, and a culture of accountability and continuous improvement.

Qualifications

• Twelve years of experience in the group employee benefits insurance market
• At least seven years of leadership experience within product development, finance, actuarial, underwriting, pricing, or risk management, with demonstrated accountability for profitable growth and/or remediation of underperforming business
• Bachelor’s degree in Business, Finance, Economics, Actuarial Science, or a related field; professional certifications strongly preferred
• Deep expertise in group insurance products, including voluntary life and health, medical gap products, group ancillary term life, disability, and absence management services
• Strong understanding of underwriting, pricing, financial modeling, capital economics, risk, and expense management
• Proven ability to set strategy, translate vision into execution, and deliver measurable results in a complex, matrixed environment
• Exceptional communication and stakeholder management skills, with the ability to influence outcomes across senior leaders and enterprise partners
• Highly analytical and data-driven, with experience using metrics to inform decisions and optimize portfolio performance
• Demonstrated adaptability, sound judgment, and decisiveness in a fast-paced, evolving environment

Preferred Qualifications

• MBA in Finance, or ASA / FSA designation
• Minimum of five years of direct people leadership experience
• Experience leading geographically dispersed teams
• Strong project management skills with the ability to manage multiple priorities simultaneously
• Experience with permanent life products, group term life, group supplemental health (critical illness, hospital indemnity, accident), Medicare supplement, and/or retiree health products

Working Conditions

• Office Environment
• Occasional Travel <10%
• Travel for internal meetings as needed.

The Salary for this position generally ranges between $180,000 - $210,000 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 Employees 

 

Benefits Package 

• Pension Plan 

• 401k Match

• Employee Stock Purchase Plan

• Tuition Reimbursement

• Disability Insurance

• Medical Insurance

• Dental Insurance

• Vision Insurance

• Employee Discounts

• Career Training & Development Opportunities

 

Health 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 Reward Dollars 

• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

• Adoption Assistance

• Employee Assistance Program

• Back-Up Care Program

• PTO for Volunteer Hours

• Employee Matching Gifts Program

• Employee Resource Groups

• Inclusion and Diversity Programs

• Employee Recognition Program

• Referral Bonus Programs

 

Inclusion & Diversity  

  

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. 

  

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all. 

   

Giving Back  

  

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.     

  

Transamerica’s Parent Company  

 

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has  grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.   

* As of December 31, 2023