Senior Compliance Analyst - Life & Health Insurance Fraud Investigations - Hybrid

## Senior Compliance Analyst - Life & Health Insurance Fraud Investigations - Hybrid 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.
* Responsible for investigating and analyzing multiple moderate to complex investigations that have been referred to the Financial Crimes Unit (FCU) for potential fraud, including investigating potential fraudulent activity committed by insurance agents.
* Performs a thorough investigation including; (1) quickly gathering and analyzing the facts, (2) assessing the associated risks; and (3) providing prompt conclusions and recommendations to management.
* Utilizes data analytic tools to identify moderately complex and occasionally complex claims for investigation and/or for support in the evidence of the fraud
* Reviews the facts of a case and works with Management team to determine if there is potential application fraud, if claim payments should be paid or denied, if fraud can be substantiated and supports a lawsuit or state fraud filing.
* Review current policies and procedures; identify and help to implement new and/or enhanced practices.
* Works independently, prioritizing own responsibilities, and managing own workload.
* Assist in responding to regulatory inquiries with direction from senior levels.
* Collaborate with business partners to gather facts and educate them on red flags and controls to mitigate fraud risks.
* Foster a culture of compliance to help prevent, detect and reduce company risk with respect to financial crime.
* Assist team members with research and assigned tasks and provide training to supported teams.
* Bachelor’s degree in business, marketing, pre-law or other relevant field, or equivalent education and experience.
* Four years of insurance experience or regulatory, securities, compliance experience.
* Areas of experience desired may vary based upon assigned compliance functions and may include contract development, claims, underwriting, legal research, fraud or anti-money laundering investigations and/or communications.
* Written and verbal communication skills.
* Analytical and research skills.
* Proficiency using MS Office tools.
* Experience with insurance products
* Experience with investigating potential insurance fraud
* The Salary for this position generally ranges between $75,000 - $85,000 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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