Senior Director, Life Underwriting

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🔥 2 minutes ago

🇺🇸 United States – Remote

💵 $200k - $233k / year

⏰ Full Time

🟠 Senior

📋 Underwriter

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Transamerica

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 1904

💼 Consulting

🏥 Healthcare

💸 Finance

Consulting • Healthcare • Finance

Transamerica is a financial services company that provides a diverse range of products and services, including life insurance, retirement planning, mutual funds, annuities, and employee benefits. It aims to help individuals plan for their financial future and live their best lives by offering research-based tools, education, and guidance. Transamerica works with institutions and advisors to deliver solutions and services designed to attend to the evolving needs of individuals and employers. They also focus on retirement security and investment management, emphasizing innovation and leadership in the financial industry.

📋 Description

• 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. • 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.

🎯 Requirements

• 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 plans to solve business problems • Sound business judgment, results oriented, customer focused, and excellent negotiation, relationship building and influencing skills • Excellent communication and interpersonal skills to interact effectively at all levels to build strong cooperative relationships that drive profitable sales

🏖️ 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 • Back-Up Care Program • PTO for Volunteer Hours • Employee Matching Gifts Program • Employee Resource Groups • Inclusion and Diversity Programs • Employee Recognition Program • Referral Bonus Programs