Senior Competitive Analyst (Retirement Plans)

Job Family

Research & Analytics - General

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

As part of the Competitive Analysis team, you will analyze the competitive landscape for retirement plan administration. This will include coverage of all types of defined contribution plans (401(k), 403(b), NQDC, etc.). Significant emphasis will be on pooled plans (MEPs, PEPs) given Transamerica’s leading position in that market. You will contribute to R&D, developing insights into peers, and work with Product Development, Distribution, Marketing and Finance teams toward the goal of developing top-quartile product and service offerings for Transamerica. Once established as the go-to person for defined contribution competitive intelligence, other product categories will be added – for example, defined benefit plans and rollover IRAs – based on Transamerica’s strategic priorities. Transamerica is a data-driven company; business intelligence skills and data management are core aspects of this role.

Job Description

Responsibilities

• Develops competitor reporting and narrative analysis to improve Transamerica's offerings and market positioning, making Transamerica more innovative, competitive, and responsive to market trends and to customer needs

• Synthesizes a variety of inputs, and information and data sources to create and maintain databases of peer companies’ pricing and features, known or inferred strategies of competitors, and statements of management teams

• Communicates broadly to a wide range of internal audiences about Transamerica’s strategy versus that of peers

• Maintain Excel spreadsheet (such as the RP Competitor Grid) and reports containing visualizations of the data we take in to provide our stakeholders an understanding of Transamerica’s standing in the retirement market

• Evaluates sales (gross/net deposit trends), asset, plan, and participant growth (in total and by plan size) comparing Transamerica’s commercial momentum with that of competitors. Analyzes market share/rank trends (quarterly or annually depending upon data availability) comparing Transamerica’s commercial momentum with that of competitors. Publishes a quarterly report analyzing industry, Transamerica, and competitor trends

• Publishes (on a weekly or bi-weekly basis, depending on the needs of the audience and the flow of news) a RP CI newsletter, drawing attention of RP colleagues across the company to peer company and industry announcements and developments

• Develops relationships with Transamerica colleagues in Distribution and Marketing to gather insights from those on the “front lines”

• Responsive to inquiries from Transa