Financial Operations Contract Analyst

Job Family

Investment Management

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by 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. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

The Financial Operations Contract Analyst conducts daily processing of financial transactions, contract maintenance and analysis. This person will process requests related to administering contractual terms and plan reviews. This team is focused on the Synthetic GIC product.

Job Description

Responsibilities

• Process deposit and withdrawal transactions. Analyze deposit and withdrawal trends to ensure the terms of the contract are not breached.
• Process monthly market value, yield, and duration for each contract for valuation and risk reporting.
• Process fee receipts. Understand contractual fee structure and payment method to ensure appropriate calculation, billing, reconciliation, and collection of fee income.
• Maintain and update contacts in the administrative system to ensure that appropriate individuals are receiving month-end statements and fee invoices.
• Maintain and update plan information in the underwriting administration system.

Qualifications

• Bachelor’s degree in economics, finance, accounting, mathematics, computer science or relevant field.
• Aptitude for actuarial, financial and investment concepts to conduct root cause analysis and business analysis.
• Attention to detail to follow procedures and ensure accuracy in documentation and data.
• Problem-solving skills to analyze processes and apply systems thinking to generate solutions.
• Proficiency with MS Excel or other tools to extract and analyze data and report results.

Preferred Qualifications

• Experience working in investment operations or investment accounting/analysis.
• Knowledge of contract terms, allowable transactions and compliance activities.
• VBA coding, macro experience.
• Knowledge of Synthetic GIC or Stable Value Solutions

Working Conditions

• Hybrid office environment

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.** *

 

Compensation:

The salary for this position generally ranges between $60,000-$70,000. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

 

Bonus Eligibility:

This position is also typically eligible for an Annual