Due Diligence Analyst - Securities / Insurance

Job Family

Job Description Summary

Job Description

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.)

Qualifications

• 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.

Preferred Qualifications

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

Working Conditions

• Office Environment

The Salary for this position generally ranges between $73,000-$90,000 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.

Disclaimer:
Beware of fake job offers!

We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

• We will never request personal information such as ID or payment for equipment upfront.
• Official offers are sent via DocuSign following a verbal offer—not through text or email.

What We Offer  

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees. 

Compensation 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

Health and Work/Life Balance Benefits 

• 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

Inclusion & Diversity  

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. 

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all. 

Giving Back  

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.     

Transamerica’s Parent Company  

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has  grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.   

* As of December 31, 2023