Life Underwriting Consultant

Transamerica; United States; Hybrid; USD 85,000 - 105,000; Full time

Benefits offered by this job

401k Match

Medical Insurance

Dental Insurance

Vision Insurance

Tuition Reimbursement

Paid Time Off 160 hours

Employee Stock Purchase Plan

Job summary

Transamerica is seeking an experienced Underwriter to manage risk selection for complex life and health cases, collaborating with underwriting, new business and distribution teams. The role offers leadership opportunities and a clear path to senior underwriting responsibilities.

You’ll evaluate large cases, mentor junior staff, and drive process improvements with Lean practices, using AWD or similar systems and MS Office to support financial analysis and risk assessment.

Qualifications

• Bachelor’s degree or equivalent experience required.
• Minimum 6 years of life or health underwriting experience.
• Proficiency with AWD or similar underwriting systems and MS Office.
• Solid financial analytics and risk assessment skills.

Responsibilities

• Provide leadership within the underwriting team and collaborate with related groups.
• Make complex underwriting decisions and defend them when required.
• Mentor staff and drive process improvements across workflows.

Skills

Life/Health underwriting

Decision making

Leadership

Analytical skills

Education

Bachelor's degree

Tools

AWD system

MS Office

Job description

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

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,
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

Responsible for ensuring the effective risk selection of cases reviewed. This position requires frequent interaction with Underwriting, New Business and distribution groups. Approval authority up to ($2,500,000-$5,000,000) through all tables and all ages. Can evaluate up to $7,500,000.

Job Description Responsibilities

Proven competency at all job tasks and expectations of Underwriter, Intermediate Underwriter and Senior Underwriter. Demonstrated leadership skills within team and underwriting department. Shows solid tactical planning and execution of underwriting objectives, both individually and team oriented. Shows ability to make complex decisions on cases and to be comfortable with them and able to defend them. Shows traits of continuous learning within the Underwriting profession. Mentor and provide consultative services to subordinates. Continually looks for ways to improve upon processes. Solid Lean knowledge, able to demonstrate business results of efforts Asks value-added questions for clarification, focused decision making and customer success.

Qualifications

A bachelor’s degree or equivalent combination of education/experience. A minimum of 6 years life or health underwriting experience. Demonstrated skill in AWD or similar system, MS Office skills, risk assessment skills, strong platform skills and strong financial analytical skills.

Preferred Qualifications

Ability to multi-task and prioritize. Excellent verbal and written communication skills while working with different levels of both internal and external audiences. Ability to meet high productivity demands for self and staff. Strong decision making and problem solving skills. Ability to work independently and possibly work in remote setting with virtual environment and team.

Working Conditions Remote Environment

The Salary for this position generally ranges between $85,000-$105,000 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 of 12.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion. We will never request personal information such as ID or payment for equipment upfront. Official offers are sent via DocuSign following a verbal offer—not through text or email 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

• 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 NewYork Stock Exchange (NYSE) holidays).
• BeWell 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 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.

* As of December 31, 2022 For more information about Transamerica’s privacy practices, click here.