Underwriting Risk Management Consultant

Job Family

Underwriting

About Us 

 

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,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

Serve as a subject matter expert for Underwriting risk audits and point of contact for external auditors. Lead the participation in market conduct exams, reinsurance audits, and Medical Information Bureau (MIB) audits. Ensure the effectiveness of internal controls in compliance with company policies, Sarbanes-Oxley Act, and standard industry practices.

Job Description

Responsibilities

• Perform quality review audits of underwriting work and provide guidance to team members.
• Lead team in collecting data for audits.
• Serve as a consultant to the Claims department and provide recommendations on contestable claims.
• Trend and report on the mortality and morbidity experience for specified insurance markets.
• Assis the Agent Quality Research Manager, as necessary.
• Assist the Manager of Risk Management (including but not limited to):
• Lead team meetings as needed.
• Lead special projects and assignments.
• Provide training for new team members.
• Serve as a managing editor of department newsletter.
• Serve as proxy for management as needed.

Qualifications

• Bachelor’s degree in a business field or equivalent experience
• Ten years of underwriting experience with mortality and morbidity-based products
• Four years of directly related auditing experience
• Thorough knowledge of underwriting practices and industry standards, including but not limited to Sarbanes-Oxley regulations
• Excellent interpersonal and written/verbal communication skills 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 quality review (audit) duties and interpret data derived from quality reviews

Preferred Qualifications

• FLMI, FALU certifications
• Contestable claims experience
• Post-issue underwriting experience
• Project management experience

Working Conditions

• Remote from home

Compensation 

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.** 

 

The Salary for this position generally ranges between $105-130K. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the sta