Sr Director Life Underwriting

About this role

Job Family Underwriting About Us  

  At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of 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.  

Who We Are  

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life .   

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.  

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.  

What We Do  

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.  

Transamerica employs nearly 7 ,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. * For more information, visit transamerica.com .   

Job Description Summary Senior leader within the Underwriting organization, responsible for helping drive the Transamerica Underwriting mission to create underwriting capabilities that increase the accessibility of life insurance for more applicants. Combine exceptional underwriting talent, underwriting innovation, and tools that create simpler but efficient application processes that remove the traditional barriers to the acquisition of life insurance and maximize the effectiveness of sales partners. Responsible for multiple activities and functions of the underwriting department, driving for excellent mortality and morbidity results while ensuring superior service is provided to both internal and external customers by establishing and achieving strategic service goals through one or more departments/teams. Job Description Responsibilities • Manage overall life underwriting risk assessment processes impacting Company bottom line and producer satisfaction. Includes the development and oversight of underwriting procedures, practices, guidelines, forms and manuals for life insurance products and distribution systems • Coordinate with the Product, Pricing, Risk, Operations and other Underwriting leadership to set life insurance underwriting strategies, drive the transformation of risk selection processes while balancing the need to maintain and improve mortality/morbidity results and comply with appropriate insurance and financial services regulations. Includes setting the underwriting strategy, philosophy, guidelines, and procedures. • Manage one or more specialty teams within the department, such as vendor management, international business, forensic underwriting, research and development, medical, etc. • Accountable for creating positive, proactive relationships with internal and external customers. • Drive and support the use of data analytics in mortality/morbidity assessments, and as analysis of the Transamerica underwriting process and its results. • Drive the underwriting experience and notify the appropriate stakeholders of variations with underwriting guidelines/experience. • Set and drive achievement of department goals, objectives, and priorities in alignment with company/divisional goals. • Manage the budget process by providing information on needs within the team. • Resolve escalated issues as they arise; facilitate resolution with internal and external customers. • Manage relationships with other leaders on integrated strategies, workflows and system development efforts that maximize organizational effectiveness. Complete performance appraisals and evaluate overall performance of team. • Drive an exceptional culture and climate in the department through effective communication, employee development, standards setting and leading by example. Be a champion of diversity. • Oversee department management by providing hiring, direction, counseling, and training to staff. • Recommend and/or lead projects, processes or changes in underwriting policies and procedures to promote efficient processes within the department. • Oversee underwriting processes and underwriting decisions through audit and analytics programs.

Qualifications • Bachelor’s degree in a business field or equivalent experience • Expert knowledge life insurance underwriting processes and procedures • Eight years of leadership experience, preferably in life insurance • FALU, FLMI, CLU, or similar professional designations • Experience leading the development, execution, and measurement of strategic plans • Ability to develop strategies and implement pl

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