Due Diligence Analyst - Securities​/Insurance

Position: Due Diligence Analyst - Securities / Insurance
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.
* 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.)
* 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.
* Bachelor’s degree in a business field
* Experience in product due diligence
* Presentation and/or sales training experience
* 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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