Sr Director Life Underwriting

Transamerica

10d•$200,000 - $233,000•Remote

About The Position

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.

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

Nice To Haves

Understanding of risk factors relating to mortality risk management (medical, financial, occupational, environmental, etc.); insurance principles including mortality, insurable interest and actuarial theory; compliance with insurance, privacy and FINRA regulations; reinsurance treaties, pool agreements, and auto-bind retention limits; and individual life insurance products and riders
Project management experience

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.

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