Transamerica Corporation
Senior Regulatory Support Consultant
Transamerica Corporation, Denver, Colorado, United States, 80285
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.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.* Research and analyze regulatory guidance from the IRS, DOL, SEC and other applicable agencies, along with new pension legislation.* Review and prepare plan analysis for new and existing clients, including issue identification, consulting on issue resolution, best practices and preparation of client communications, plan forms, and participant communications.* Provide regulatory consulting services to Regional Offices (Client Executives and Sales staff), help desks, operational areas and the management team. Draft regulatory in-house communications and assist with projects and internal meetings, such as support for Plan Services, Plan Consultants, Compliance Testing, Reporting/Disclosure Unit, Retirement Consulting group and Client Integration team.* Provide plan design support and assistance related to Transamerica’s prototype, volume submitter and individually designed plan documents, both internally and externally.* Provide primary consulting and coordination role for IRS EPCRS voluntary compliance submissions for clients and their counsel; interact with the IRS as necessary.* Provide assistance to the Regulatory Support group as appropriate, and participate in formulation of department strategy.* Assist in new product development.* Assist in the development and delivery of regulatory training programs for Transamerica employees.* Maintain a high level awareness of ongoing developments in the pension industry.* Assist in special regulatory projects.* Provide regulatory risk management internally and externally.* Bachelor’s degree in a business-related field or equivalent experience.* Six years of retirement industry experience in legal, compliance or a similar setting.* Thorough knowledge of legal requirements for qualified plans, section 403(b) plans, Section 457 plans, multiple employer plans, corporate non-qualified plans, IRA and Section 72 annuities and ERISA.* Research and analytical skills to interpret IRS and DOL regulations and pension legislation.* Communication skills (verbal, written, listening) to influence others and convey complex, regulatory legal rules and requirements in layman terms.* Problem resolution skills, with an emphasis on analysis, formulation and documentation of recommendations; ability to develop alternative solutions to complex situations.* Organization/time management skills to handle multiple projects simultaneously.The salary for this position generally ranges between $76,000-$125,000 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.* Pension Plan* 401k Match* Employee Stock Purchase Plan* Tuition Reimbursement* Disability Insurance* Medical Insurance* Dental Insurance* Vision Insurance* Employee Discounts* Career Training & Development Opportunities
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