Transamerica Corporation
Sr. Director, Underwriting Controls and Medical
Transamerica Corporation, Cedar Rapids, Iowa, United States, 52404
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 allow us to create simpler but efficient application processes that remove the traditional barriers to the acquisition of life insurance and maximize the effectiveness of our 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
Manage overall life underwriting risk assessment process impacting Company bottom line and producer satisfaction. Includes the development and oversight of underwriting procedures, practices, guidelines, forms and manuals for all life insurance products and distribution systems Coordinate with the Product, Pricing, Risk, Operations and Underwriting leadership in setting life insurance underwriting strategies, driving 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 both internal and external customers. Drive and support the use of data analytics in mortality/morbidity assessments as well as analysis of the Transamerica underwriting process and its results. Responsible for the underwriting experience and notify appropriate people 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 that would normally be handled by the Head of Underwriting when they arise. Facilitate resolution of any problem that arises with an internal or external customer. Actively manage relationships with other leaders on integrated strategies, workflows and system development efforts that maximize organizational effectiveness. Completes performance appraisals and evaluates 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. Provide for effective oversight of all underwriting processes and underwriting decisions through appropriate audit and analytics programs. Qualifications
Bachelor’s degree in a business-related field or equivalent experience. Expert knowledge of Life insurance processes and products. Eight years of leadership experience, preferably in the life insurance space. Demonstrates sound business judgment, produces results, focuses on customers, and have excellent negotiation, relationship building and influencing skills. Excellent interpersonal and communication skills. Able to interact effectively within and without the enterprise at all levels to build strong cooperative relationships that drive profitable sales. Ability to understand process, technology, underwriting and service across the various distribution channels and administrators. Strong negotiation skills and ability to influence and gain consensus of individuals with whom they do not have a direct reporting relationship. Ability to develop strategies, create, and implement plans to solve problems. Experience in leading the development, execution, and measurement of strategic plans. FALU, FLMI or CLU or similar professional designations. Preferred Qualifications
Expert understanding of all 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. Ability to deal directly and effectively with senior management level both internally and externally. Demonstrated project management experience. Working Conditions
Remote environment Occasional travel Compensation
The Salary for this position generally ranges between $180-230K. 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 based on the Company Bonus Plan/Individual Performance and is at Company 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 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 Peer Recognition Program (BRAVO) Inclusion & Diversity
Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list. In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors 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 and provide a supportive environment for raising diversity awareness and promoting inclusive behavior. Giving Back
Transamerica believes our responsibilities extend beyond our corporate walls. That’s why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work. Transamerica’s Parent Company: Aegon acquired the Transamerica business in 1999. Aegon’s roots go back more than 175 years. Today, Aegon is a leading global financial services organization.
#J-18808-Ljbffr
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 allow us to create simpler but efficient application processes that remove the traditional barriers to the acquisition of life insurance and maximize the effectiveness of our 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
Manage overall life underwriting risk assessment process impacting Company bottom line and producer satisfaction. Includes the development and oversight of underwriting procedures, practices, guidelines, forms and manuals for all life insurance products and distribution systems Coordinate with the Product, Pricing, Risk, Operations and Underwriting leadership in setting life insurance underwriting strategies, driving 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 both internal and external customers. Drive and support the use of data analytics in mortality/morbidity assessments as well as analysis of the Transamerica underwriting process and its results. Responsible for the underwriting experience and notify appropriate people 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 that would normally be handled by the Head of Underwriting when they arise. Facilitate resolution of any problem that arises with an internal or external customer. Actively manage relationships with other leaders on integrated strategies, workflows and system development efforts that maximize organizational effectiveness. Completes performance appraisals and evaluates 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. Provide for effective oversight of all underwriting processes and underwriting decisions through appropriate audit and analytics programs. Qualifications
Bachelor’s degree in a business-related field or equivalent experience. Expert knowledge of Life insurance processes and products. Eight years of leadership experience, preferably in the life insurance space. Demonstrates sound business judgment, produces results, focuses on customers, and have excellent negotiation, relationship building and influencing skills. Excellent interpersonal and communication skills. Able to interact effectively within and without the enterprise at all levels to build strong cooperative relationships that drive profitable sales. Ability to understand process, technology, underwriting and service across the various distribution channels and administrators. Strong negotiation skills and ability to influence and gain consensus of individuals with whom they do not have a direct reporting relationship. Ability to develop strategies, create, and implement plans to solve problems. Experience in leading the development, execution, and measurement of strategic plans. FALU, FLMI or CLU or similar professional designations. Preferred Qualifications
Expert understanding of all 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. Ability to deal directly and effectively with senior management level both internally and externally. Demonstrated project management experience. Working Conditions
Remote environment Occasional travel Compensation
The Salary for this position generally ranges between $180-230K. 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 based on the Company Bonus Plan/Individual Performance and is at Company 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 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 Peer Recognition Program (BRAVO) Inclusion & Diversity
Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list. In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors 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 and provide a supportive environment for raising diversity awareness and promoting inclusive behavior. Giving Back
Transamerica believes our responsibilities extend beyond our corporate walls. That’s why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work. Transamerica’s Parent Company: Aegon acquired the Transamerica business in 1999. Aegon’s roots go back more than 175 years. Today, Aegon is a leading global financial services organization.
#J-18808-Ljbffr