Senior Corporate Insurance Analyst

Job Family

Risk Management - General

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

The Senior Corporate Insurance Analyst will assist in managing corporate non-life insurance programs for the Aegon Group of companies, including Transamerica and its related legal entities. This position will work with internal stakeholders, external brokers and insurers in the market to determine and achieve the desired coverage, including but not limited to matters involving claims management, policy wordings, invoices and tax. This position reports to the Global Insurance Manager.

Job Description

Responsibilities

• Structure, manage and administer an assigned portfolio of corporate insurance programs primarily related to property and casualty programs, including collecting and compiling insurance renewal exposure information for underwriting submissions and applications, and reviewing broker proposals and policy wording.
• Participate in the property insurance engineering survey.
• Manage and administer the surety bond program for US legal entities.
• Oversee the claims management process of property and casualty lines of coverage and manage complex claims with in-house and external counsel.
• Monitor and review internal incident notifications and report potential property and casualty related claims per company policies.
• Gather information for workers compensation claims in accordance with state laws, insurance requirements, and company guidelines.
• Manage and administer regulatory reporting requirements for US legal entities. 
• Oversee third party administrator’s management of claims, invoice processing, allocations. 
• Execute and administer claim payments for insurance programs. 
• Write, execute, and improve claims handling procedures.
• Review third-party contracts/request for proposals based on current insurance policies and risk tolerance.
• Research and resolve complex insurance coverage questions from divisional staff and insurance brokers.
• Assist in the preparation of the insurance team budget and premium allocation process.
• Support the goals and objectives of the Global Insurance Team through maintaining strong risk governance, focus on continuous process improvement, and managing special projects as assigned.  

Qualifications

• Bachelor’s Degree in Finance, Insurance, Risk Management or related profession or equivalent experience.
• Five years of insurance experience in a similar role within a corporation, insurance carrier, broker or TPA.
• Analytical ability and problem-solving skills to understand and resolve complex insurance issues.
• Organizational skills required to manage multiple programs.
• Interpersonal communication skills needed for daily interaction with internal and external business associates.
• Ability to research topics and clearly communicate in written and presentation formats to co-workers and management at various levels.
• PC proficiency (MS Excel, Word, PowerPoint).

Preferred Qualifications

• CPCU, ARM, ACII, or other insurance designations/continuing education.
• Risk management experience.
• Working knowledge of captive insurance solutions and reinsurance markets.
• Commutation experience and knowledge with latent claims process and claims management software.

Working Conditions

• Office environment.
• Occasional travel to meet with insurance carriers, brokers and TPAs, or other business needs.

**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.**

Compensation:

The salary for this position generally ranges between $55,000