Andrew Erman
About Andrew Erman
Andrew Erman serves as the Senior Vice President of Stable Value Solutions at Transamerica, a position he has held since 2019. He has extensive experience in finance and actuarial roles across various companies, including USAA, Genworth, and Erie Insurance Group.
Current Role at Transamerica
Andrew Erman serves as the Senior Vice President of Stable Value Solutions at Transamerica, a position he has held since 2019. In this role, he focuses on managing and enhancing the Stable Value Solutions product line. His leadership has contributed to significant growth, including a 7% annual increase in notional balances and a 3.5% rise in revenue. Erman has also delivered innovative solutions that have been recognized for their creativity within the industry.
Previous Experience in Finance
Prior to his current role, Andrew Erman held various positions in finance at Transamerica from 2016 to 2019. His extensive experience includes serving as Vice President of Financial Reporting and Analysis at USAA for one year, and as Vice President of Reinsurance and Capital Markets at Genworth for six years. He also worked as Chief Life Actuary at Erie Insurance Group for four years, demonstrating a strong background in financial management and actuarial science.
Educational Background
Andrew Erman obtained a Bachelor of Science (B.S.) in Mechanical Engineering from Rutgers, The State University of New Jersey-New Brunswick. He also earned a Bachelor of Arts (B.A.) in Mathematics and Economics from the same institution. Additionally, he completed his high school education at Newark Academy. His academic background provides a solid foundation for his work in finance and actuarial science.
Contributions to the Industry
Andrew Erman has made significant contributions to the financial community through his thought leadership. He has authored white papers discussing the implications of a low rate environment for stable value products. Erman has represented Transamerica on various industry and professional committees, showcasing his commitment to advancing knowledge and practices within the financial sector.
Actuarial and Product Development Experience
Throughout his career, Andrew Erman has held several key actuarial and product development roles. He worked as an Actuarial Consultant at Prudential Financial and served as Director of Product Development at ING. His experience also includes a role as Vice President of Actuary of Product Innovation at Pan-American Life Insurance Company. This diverse background has equipped him with the skills necessary to deliver innovative solutions in the Stable Value Solutions market.