Int. Compliance & Process Analyst (Claims, Audit & Tax Focus)

Transamerica•Cedar Rapids, IA

6d•Hybrid

About The Position

The ideal candidate will have a strong background in annuity or insurance claims operations combined with experience supporting compliance, audit, regulatory, or tax-related activities. This role is responsible for supporting audits, market conduct exams, regulatory requests, and corrective action initiatives while ensuring processes remain compliant with insurance regulations and internal controls. The individual will also own a quarterly tax reporting process, making knowledge of tax reporting, tax withholding, or other regulated financial processes highly desirable. Success in this role requires strong organizational skills, the ability to analyze and improve processes, lead projects independently, and partner effectively with business stakeholders to drive compliance and operational efficiency.

Requirements

Bachelor’s degree in a business-related field or equivalent work experience.
Three years of experience in the insurance/financial services industry.
Understanding of insurance and securities laws.
Three years of compliance and/or process improvement experience.
Analytical and problem-solving skills.
Communication skills to provide audit information and facilitate process analysis.
Ability to independently work on assignments of moderate scope and complexity.
Planning/organizational skills to work on multiple projects.
Knowledge and experience using Lean Six Sigma principals.
Proficiency in MS Office and project management tools.

Nice To Haves

Annuity claims experience or strong understanding of end-to-end claims processing.
Experience supporting audits, market conduct exams, regulatory reviews, or compliance initiatives.
Knowledge of tax reporting, tax withholding, or other regulated financial processes.
Experience leading cross-functional projects and driving corrective action plans (CAPs).
Blue Belt in Lean Six Sigma.

Responsibilities

Participate in the implementation of compliance programs and enterprise-wide solutions in response to regulatory or internal process changes.
Analyze content and gather information required for reporting to management, state insurance departments and regulators; work with Compliance to prepare company responses to state insurance departments and regulators.
Provide information for compliance audits, internal audits and examinations by state insurance departments, securities regulators and divisional audit programs.
Collaborate with business units and leadership to define, analyze and evaluate processes; define project tasks and timelines.
Conduct team meetings and provide information updates to users and leadership.
May assist team members on compliance and process improvement initiatives, including cost benefit analysis, lean methodologies, systems, market conduct exams, audits, BCP, etc.

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
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).
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