Description:

What We Do:
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.

Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com. 

Job Description Summary:
We are seeking an attorney for a critical role in ensuring the success and compliance of our organization. In this dynamic position, you will be a key contributor within a team of four attorneys who provide strategic legal guidance and support within Transamerica's Protection Solutions and Savings & Investments businesses. The position will primarily support the company's Employee Benefits division that focuses on supplemental health products and employer provider life insurance.

Job Description:
Responsibilities:

Provide legal advice and support in the development, filing, offering, and administration of life insurance products and services for our Employee Benefits division. This includes all term accident, disability, hospital indemnity, executive health, medical gap, retiree medical, Medicare supplement, and employer provide life products.
Prepare, review, and negotiate legal contracts, documents, and agreements, including marketing, distribution, administration, TPA, and/or vendor agreements for the review of senior team members.
Research, counsel, and draft recommendations addressing unique regulatory challenges such as state-based claims processing requirements, benefit coordination with group health plans, benefit triggers and eligibility, and the application of ERISA's preemption clause to state insurance mandates.
Advise on legal risks and potential impacts of business decisions, as well as escalated claims and consumer complaints.
Monitor, review and interpret relevant changes in laws, rules and regulations, particularly those related to insurance regulations.
As needed, support Transamerica's Life Insurance division.
Draft regulatory responses, disclosures, and other correspondence that may include market conduct issues from state and federal regulators for the review of senior team members.
Collaborate with internal compliance teams to develop and implement policies and procedures to mitigate legal risks.
Work on legal issues where analysis requires identification and evaluation of multiple factors.

Qualifications:

JD from an ABA accredited law school
Member of the Bar in good standing of any US jurisdiction
Five years of experience at a sophisticated law firm or in-house counsel with insurance regulatory legal experience and/or a focus on supplemental health insurance, state insurance matters, and life insurance, with knowledge of relevant laws, rules and regulations
Effective communicator, both in writing and orally, with the intended audience
Able to exercise sound judgment in a fast-paced environment
Able to exercise agility and adaptability in providing legal advice
Comfortable in a rapidly changing corporate environment
Proficient using MS Office
Effective organizational and project management skills with an ability to manage multiple priorities
Action oriented, timely and organized with ability to prioritize workload with accuracy and attention to detail
Focuses on creating an environment of honesty, inclusion and respect for others, is open to and champions differing ideas and perspectives, and collaborates in a fully inclusive manner

Preferred Qualifications:

Experience with individual and group life insurance products
Experience with voluntary benefits insurance products including supplemental health and/or long-term care, and with the ACA, HIPAA and ERISA laws
Employs innovative thinking to assist the business in generating and implementing creative, cost effective and realistic solutions that create business impact and lend toward its growth

Working Conditions:

Hybrid working environment: Cedar Rapids and Philadelphia
Occasional travel to meet with leaders, other members of the team, and business partners

Compensation:
The Salary for this position generally ranges between $165,000 - $185,000 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.