Senior Legal Analyst - Annuities and Variable Products (Hybrid)

Transamerica; Baltimore (MD); Hybrid; USD 94,000 - 114,000; Full time

Benefits offered by this job

Pension Plan

401k Match

Employee Stock Purchase Plan

Tuition Reimbursement

Disability Insurance

Medical Insurance

Dental Insurance

Vision Insurance

Job summary

Transamerica in the United States is seeking an experienced Legal Support professional to assist with insurance and annuity product registrations with the SEC under the Investment Company Act and Securities Act. The role supports policy owner services and claims administration related to annuity products.

The position requires strong research, analytical, and communication skills, plus the ability to coordinate with Legal, Compliance, and Operations teams in a hybrid office environment.

Qualifications

• Bachelor’s degree in a business-related field or equivalent experience.
• 10 years’ experience with products registered with the SEC under the Investment Company Act of 1940 and/or the Securities Act of 1933.
• Knowledge of financial services and annuity products.
• Outstanding written and verbal communication skills.
• Research and analysis skills to determine solutions for business needs.
• Decision-making and problem-solving skills.
• Organizational skills and the ability to manage competing priorities.
• Proficiency using MS Office tools, legal research tools, and the SEC’s EDGAR website.

Responsibilities

• Research and apply existing federal and state laws, rules, and regulations as they relate to insurance and annuities products registered with the SEC and become a trusted subject matter expert on these topics.
• Work with internal Legal, Compliance, and Operations staff to support existing registered products, and fixed annuities, including consultation on policy interpretation, claims issues, escalated complaints, and complex operational matters.
• Assist the Product Registration team and internal counsel in maintaining and appropriately updating required disclosures for existing products, including review of annual prospectus filings and other SEC filings as needed.
• Serve as a trusted resource for business areas on matters relating to new product development and the registration of new, initial SEC registration statements.
• Assist in resolving SEC staff comments and addressing outside counsel concerns relating to new products, product enhancements, and disclosure changes.
• Stay informed about new and prospective changes in applicable law, including through participation in industry groups and through internal and external educational opportunities.
• Communicate relevant changes in law to business areas and provide practical guidance to support effective implementation.
• Manage and maintain documentation for Fund Participation Agreements and related legal contracts and amendments.
• Work with internal Legal and Compliance staff to manage responses to market conduct and regulatory examinations.
• Perform varied and complex legal and administrative tasks.
• Lead or assist special projects as assigned.

Skills

Communication skills

Research and analysis

Decision making

Organizational skills

Education

Bachelor’s degree in business-related field or equivalent

10 years’ SEC-related experience

Tools

MS Office

Legal research tools

EDGAR

Job description

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.

Job Family

Legal Support

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

This role is responsible for supporting legal and compliance functions relating to insurance products registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Company Act of 1940 and/or the Securities Act of 1933. This role will also provide support for policy owner services and claims administration legal matters related to annuity products.

Job Description

Responsibilities

• Research and apply existing federal and state laws, rules, and regulations as they relate to insurance and annuities products registered with the SEC and become a trusted subject matter expert on these topics.
• Work with internal Legal, Compliance, and Operations staff to support existing registered products, and fixed annuities, including consultation on policy interpretation, claims issues, escalated complaints, and complex operational matters.
• Assist the Product Registration team and internal counsel in maintaining and appropriately updating required disclosures for existing products, including review of annual prospectus filings and other SEC filings as needed.
• Serve as a trusted resource for business areas on matters relating to new product development and the registration of new, initial SEC registration statements.
• Assist in resolving SEC staff comments and addressing outside counsel concerns relating to new products, product enhancements, and disclosure changes.
• Stay informed about new and prospective changes in applicable law, including through participation in industry groups and through internal and external educational opportunities.
• Communicate relevant changes in law to business areas and provide practical guidance to support effective implementation.
• Manage and maintain documentation for Fund Participation Agreements and related legal contracts and amendments.
• Work with internal Legal and Compliance staff to manage responses to market conduct and regulatory examinations.
• Perform varied and complex legal and administrative tasks.
• Lead or assist special projects as assigned.

Qualifications

• Bachelor’s degree in a business-related field or equivalent experience.
• 10 years’ experience with products registered with the SEC under the Investment Company Act of 1940 and/or the Securities Act of 1933.
• Knowledge of financial services and annuity products.
• Outstanding written and verbal communication skills.
• Research and analysis skills to determine solutions for business needs.
• Decision-making and problem-solving skills.
• Organizational skills and the ability to manage competing priorities.
• Proficiency using MS Office tools, legal research tools, and the SEC’s EDGAR website.

Preferred Qualifications

• Experience with a variety of investment products or insurance products, specifically variable annuity products and securities-regulated financial products.
• Paralegal and/or legal analyst experience.
• Proficiency using legal research platforms such as Lexis, Westlaw, or similar tools.

Working Conditions

• Hybrid office environment: 3 days in office (Tues/Wed/Thurs)
• Locations: Denver, Cedar Rapids, Baltimore, Philadelphia

Compensation

• The Salary for this position generally ranges between $94,000 - $114,000 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 based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

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

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.