Job Family

Underwriting

About Us

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.

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 transamerica.com.

Job Description Summary

Senior leader within the Underwriting organization, responsible for helping drive the Transamerica Underwriting mission to create underwriting capabilities that increase the accessibility of life insurance for more applicants. Combine exceptional underwriting talent, underwriting innovation, and tools that create simpler but efficient application processes that remove the traditional barriers to the acquisition of life insurance and maximize the effectiveness of sales partners. Responsible for multiple activities and functions of the underwriting department, driving for excellent mortality and morbidity results while ensuring superior service is provided to both internal and external customers by establishing and achieving strategic service goals through one or more departments/teams.

Job Description

Responsibilities

Manage overall life underwriting risk assessment processes impacting Company bottom line and producer satisfaction. Includes the development and oversight of underwriting procedures, practices, guidelines, forms and manuals for life insurance products and distribution systems
Coordinate with the Product, Pricing, Risk, Operations and other Underwriting leadership to set life insurance underwriting strategies, drive the transformation of risk selection processes while balancing the need to maintain and improve mortality/morbidity results and comply with appropriate insurance and financial services regulations. Includes setting the underwriting strategy, philosophy, guidelines, and procedures.
Manage one or more specialty teams within the department, such as vendor management, international business, forensic underwriting, research and development, medical, etc.
Accountable for creating positive, proactive relationships with internal and external customers.
Drive and support the use of data analytics in mortality/morbidity assessments, and as analysis of the Transamerica underwriting process and its results.
Drive the underwriting experience and notify the appropriate stakeholders of variations with underwriting guidelines/experience.
Set and drive achievement of department goals, objectives, and priorities in alignment with company/divisional goals.
Manage the budget process by providing information on needs within the team.
Resolve escalated issues as they arise; facilitate resolution with internal and external customers.
Manage relationships with other leaders on integrated strategies, workflows and system development efforts that maximize organizational effectiveness. Complete performance appraisals and evaluate overall performance of team.
Drive an exceptional culture and climate in the department through effective communication, employee development, standards setting and leading by example. Be a champion of diversity.
Oversee department management by providing hiring, direction, counseling, and training to staff.
Recommend and/or lead projects, processes or changes in underwriting policies and procedures to promote efficient processes within the department.
Oversee underwriting processes and underwriting decisions through audit and analytics programs.

Qualifications

Bachelor’s degree in a business field or equivalent experience
Expert knowledge life insurance underwriting processes and procedures
Eight years of leadership experience, preferably in life insurance
FALU, FLMI, CLU, or similar professional designations
Experience leading the development, execution, and measurement of strategic plans
Ability to develop strategies and implement plans to solve business problems
Sound business judgment, results oriented, customer focused, and excellent negotiation, relationship building and influencing skills
Excellent communication and interpersonal skills to interact effectively at all levels to build strong cooperative relationships that drive profitable sales

Preferred Qualifications

Understanding of risk factors relating to mortality risk management (medical, financial, occupational, environmental, etc.); insurance principles including mortality, insurable interest and actuarial theory; compliance with insurance, privacy and FINRA regulations; reinsurance treaties, pool agreements, and auto-bind retention limits; and individual life insurance products and riders
Project management experience

Working Conditions

Remote environment
Occasional travel

Compensation

**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.**

The Salary for this position generally ranges between $170-220K. 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.

Additionally, this position is typically eligible for an Annual Bonus of 25% based on the Company Bonus Plan/Individual Performance and is at Company discretion.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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
College Coach 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