Life Underwriting Sr Quality Risk Manager

Transamerica; United States; Remote; USD 93,000 - 120,000; Full time

Benefits offered by this job

Annual Bonus 15%

Benefits Package

Pension Plan

401k Match

Medical Insurance

Dental Insurance

Vision Insurance

Paid Time Off

Job summary

Transamerica is seeking an experienced underwriting professional to perform internal underwriting audits and review staff work. The role focuses on mortality and morbidity data within life and protection products and includes acting as a liaison with the MIB and auditing contestable claims.

The ideal candidate will have strong SO regulations knowledge, excellent communication skills, and the ability to work independently in a remote environment.

Qualifications

• Five years of underwriting experience with mortality and morbidity based products.
• Two years of directly related auditing experience.
• Thorough knowledge of underwriting practices and industry standards, including Sarbanes-Oxley regulations.
• Excellent interpersonal and written/verbal communication skills.

Responsibilities

• Perform audits of underwriting work and review lower-level staff.
• Trend and review mortality and morbidity experience for L&P markets.
• Serve as an MIB liaison and conduct the annual MIB self-audit.
• Review and report on contestable claims and advise the Claims Department.
• Assist with projects and special assignments.

Skills

Underwriting experience

Auditing

Sarbanes-Oxley knowledge

Interpersonal skills

Analytical skills

Education

FLMI or FALU certifications

Job description

Job Family: Underwriting

About Us: At Transamerica

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

Perform internal underwriting audits to ensure staff compliance with company policies, Sarbanes-Oxley and standard industry practices. Review and make recommendations on contestable claims. Assist/train and review the work of lower level staff as needed.

Responsibilities

Perform audits of underwriting work. Provide assistance/training and review the work of lower level staff as needed. Trend and review mortality and morbidity experience specific to L&P insurance markets. Serve as an L&P liaison for the Medical Information Bureau (MIB) and perform the annual the MIB self-audit for all distribution groups. Review and report on contestable claims and serve as a consultant to the Claims Department. Assist with projects and special assignments.

Qualifications

Five years of underwriting experience with mortality and morbidity based products. Two years of directly related auditing experience. Thorough knowledge of underwriting practices and industry standards, including related Sarbanes-Oxley regulations. Excellent interpersonal and written/verbal communication skills in order to provide feedback and consultation related to audit outcomes, as well as assist and train lower level staff. Attention to detail and analytical skills to perform audit duties and interpret data. The ability to work on assigned audits independently and interpret a wide range of collected information.

Preferred Qualifications

Underwriting audit and/or contestable claims experience. FLMI and FALU certifications. Knowledge of Life & Protection products and distribution systems.

Working Conditions

Remote Environment

Salary

The Salary for this position generally ranges between $93,000-$120,000 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 15% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Disclaimer

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

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

Inclusion and 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.

Additional Information

* As of December31,2023 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.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, visitwww.transamerica.com. * As of December31,2022 For more information about Transamerica’s privacy practices, click here.