Medical Director - Life Underwriting

Job Family

Underwriting

Who We Are

 

Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture.

What We Do

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

Job Description Summary

Assesses the mortality risk of individual life insurance applications. Review claims for medical qualifications-critical, chronic, health, accident, and death claims.

Job Description

Responsibilities

• Perform assessments of life insurance underwriting applications.  Typically involves a review of complex medical conditions and the individual or combined mortality risk.  May include interpretation of resting EKGs, treadmills and MIB coding.
• Maintain a high degree of proficiency in mortality, including knowledge of new diseases, medical technologies, and treatments, with specific emphasis on the impact of business success.
• Assist in research and development of medical underwriting guidelines.
• Utilize medical expertise to assist with Modernization efforts and rules development.
• Maintain effective working relationships with underwriting and medical staff.
• Conduct formal and informal medical training.
• May manage relationships with para-med exam and medical information vendors.
• May develop mortality studies in conjunction with actuaries.
• Proficient with Microsoft Office

Qualifications

• Medical degree.
• Board certified in family practice or internal medicine.
• Five years of clinical experience.

Preferred Qualifications

• Board certified in insurance medicine.
• FLMI
• MBA
• Toxicology or Medical Examiner 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 $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 of 20% 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 (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

• College Coach Program

• Back-Up Care Program

• PTO for Volunteer Hours

• Employee Matching Gifts Program

• Employee Resource Groups

• Incl