Due Diligence Analyst - Securities / Insurance

Transamerica•Baltimore, MD

1d•$73,000 - $90,000

About The Position

Perform analysis, due diligence, implementation management, and ongoing monitoring of product offerings through World Financial Group (US and Canada) or Transamerica Financial Advisors. Maintain a robust database of approved products and analyze new product requests for expanded company offerings in alignment with strategic objectives.

Requirements

Intermediate level experience in the insurance/financial services industry (typically two to five years)
Life license for insurance product analysis
FINRA Series 6 or 7 for securities product analysis
Thorough understanding of individual term and permanent insurance products and the distribution life cycle (from application to issuance and in-force servicing)
Practical understanding of variable and traditional annuity products and their various features and benefits.
For securities products – experience evaluating asset management offerings, advisory programs and investment company products
Knowledge of working with intermediaries such as MGA’s or BGA’s that may support WFG independent contractors in sales.
Knowledge of product implementation processes for insurance and for broker-dealer or RIA
Experience supporting product due diligence
Analytical and research skills
Technical aptitude
Strong attention to detail
Excellent communication and customer-focused service skills.

Nice To Haves

Bachelor’s degree in a business field
Experience in product due diligence
Presentation and/or sales training experience

Responsibilities

Review products for approval to sell on WFG/TFA company platforms for either life and fixed/variable annuity insurance products, or mutual fund, money management, and retirement products.
Perform initial intake, data collection, product analysis, and alignment with existing offerings of like products on the shelf.
Prepare and present findings to the Product Review Committee and other stakeholders.
Direct product implementation process to set up approved products on appropriate platforms including but not limited to those used for marketing, compensation, data aggregation, and supervision.
Maintain detailed competitive intelligence data to proactively ensure company product offerings are compensative and priced appropriately for the marketplace.
Collaborate with Marketing, IT, Operations, and Supervision to ensure published product information is accurate and kept up to date for use by leadership and field professionals.
Perform ongoing monitoring and prepare periodic reports of carriers to make sound business decisions and to satisfy governance and regulatory reporting requirements.
Coordinate life and annuity offerings from the same enterprise distinguishing between subsidiary life or annuity manufacturing entities they may offer.
Develop and maintain in-depth knowledge of available products to answer inquiries from staff and external parties.
Assist in the training of supervisory staff on the nuance of the products and any complexities.
Assist the leader of supervision in configuration of supervision and surveillance business intelligence for oversight.
Create reports (e.g. product comparison, market share, competitive intelligence, 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).
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