Corporate Insurance Analyst

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.

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.
* Oversee and administer an assigned portfolio of corporate insurance programs primarily related to US and non-US casualty programs (General Liability, Auto Liability, Workers Compensation/Employers Liability)
* Support the renewal and administration of the global corporate insurance programs.
* Oversee the claims management process of workers compensation and other casualty lines of coverage including managing third-party administrators and working with in-house and external counsel as needed.
* Manage and administer casualty insurance state reporting requirements for US legal entities.
* Maintain and improve departmental written procedures as assigned.
* Track and manage certificate of insurance requests
* Review third-party contracts/request for proposals based on current insurance policies and research and resolve insurance coverage questions from business unit staff and insurance brokers.
* Support the Global Insurance Manager in analyzing the company’s overall cost of risk and general risk analytical support, including the insurance team budget and premium allocation process.
* Support the goals and objectives of the Global Insurance Team through maintaining strong risk governance, focus on continuous process improvement, and managing special projects as assigned.
* Bachelor’s Degree in Finance, Insurance, Risk Management or related profession or equivalent experience.
* Three years of insurance experience in a similar role within a corporation, insurance carrier, broker or TPA.
* Experience with data analysis, including collecting and analyzing data, establishing facts, identifying trends, and recommending solutions.
* Organizational skills required to manage multiple programs and scheduling of key events throughout the renewal lifecycle and claims management process.
* Strong verbal and interpersonal communication skills needed for daily interaction with internal and external business associates.
* Ability to research topics and clearly communicate in written and presentation formats to co-workers and management at various levels.
* PC proficiency (MS Excel, Word, PowerPoint).
* CPCU, ARM, ACII, or other insurance designations/continuing education.
* Risk management experience, with demonstrated knowledge of workers compensation claims and state requirements.
* Working knowledge of captive insurance solutions and reinsurance markets.
* Commutation experience and knowledge with latent claims process and claims management software.
* The Salary for this position generally ranges between $53,000 - $70,000 annually.
*** Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including
*** qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
* Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
* Pension Plan
* 401k Match
* Employee Stock Purchase Plan
* Tuition Reimbursement
* Disability Insurance
* Medical Insurance
* Dental Insurance
* Vision Insurance
* Employee Discounts
* Career Training & Development Opportunities
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