Transamerica

Sr Product Manager - Life

Transamerica$95K — $110K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor degree or equivalent
  • 5 years of experience in Financial Services/Insurance
  • Expertise in life insurance product line
  • Excellent written and verbal communication skills
  • Strong analytical and organizational skills
  • In-depth understanding of systems supporting an insurance product line
  • Ability to work independently

Responsibilities

  • Lead large product initiatives or enhancements
  • Collaborate with internal stakeholders to analyze industry trends
  • Partner with functional teams to negotiate and facilitate product decisions
  • Manage product documentation and requirements gathering
  • Drive strategic process improvements and automation
  • Lead discussions to define product features and milestones
  • Ensure ongoing product compliance with regulations and updates

Benefits

  • Competitive Pay
  • Bonus for Eligible Employees
  • Pension Plan
  • 401k Match
  • Employee Stock Purchase Plan
  • Tuition Reimbursement
  • Disability Insurance
  • Medical, Dental, and Vision Insurance
  • Employee Discounts
  • Career Training & Development Opportunities
  • Paid Time Off starting at 160 hours annually
  • Ten paid holidays per year
  • Wellness program including Coaching and Reward Dollars
  • Fifteen days of paid parental leave for eligible employees
  • Adoption Assistance
  • Employee Assistance Program
  • Back-Up Care Program
  • PTO for Volunteer Hours
  • Employee Matching Gifts Program
  • Inclusion and Diversity Programs
  • Employee Recognition Program
  • Referral Bonus Programs
Full Job Description

Job Family

Product Development / Implementation

Job Description Summary

This role leads major product initiatives, including the design and execution of new products and product enhancements, while ensuring compliance adherence. This role serves as product SME, and partners with multiple functional teams to shape strategy, drive process improvements, guide cross functional decision making, and mentor junior team members.

Job Description

Responsibilities

  • Lead large product initiatives or enhancements.
  • Collaborate with Competitive Intelligence, Pricing, and other internal stakeholders to review industry trends, data.
  • Partner with functional areas to negotiate needs and facilitate product decisions.
  • Manage the development of product specs, guides, issue logs etc., and/or assist with gathering and documenting business requirements.
  • Drive strategic process improvements and automation efforts.
  • Lead and/or oversee discussions to define product features, competitiveness, milestone dates, etc. act as Product SME as needed.
  • Responsible for ongoing Product adherence to Regulatory and Compliance updates.
  • Mentor Junior team members.
  • Act as a liaison between business and technical teams.

Qualifications

  • Bachelor degree, or equivalent
  • 5 Years experience in Financial Services/Insurance
  • Expertise in life insurance product line and solid understanding of additional product lines
  • Excellent communication skills, both written and verbal. Must be able to communicate with audiences of all levels and collaborate with functional areas
  • Analytical and organizational skills and attention to detail
  • In depth understanding of systems that support at least one insurance/annuity product line with impacts across multiple functional areas
  • Ability to work independently
  • Comfortable making independent decisions related to job function

Preferred Qualifications

  • Leadership and stakeholder management
  • Strategic planning and change management
  • Industry specific expertise (finance, insurance, etc.)
  • Experience managing a team

Working Conditions

  • Hybrid Office environment
  • Travel (Occasional <10%) - may travel for internal meetings

The Salary for this position generally ranges between$95,000-$110,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, 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 of 15% based on the Company Bonus Plan/Individual Performance and is at the Company27s discretion.

  • We will never request personal information such as ID or payment for equipment upfront.
  • Official offers are sent via DocuSign following a verbal offer2Dnot through text or email

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation in order to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

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 2D 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

About Transamerica

The Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services. The company has major offices located in Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Norwood, Massachusetts; Exton, Pennsylvania; Harrison, New York; Johns Creek, Georgia; Plano, Texas; and St. Petersburg, Florida. Additional affiliated offices are located throughout the United States. In 1999, it became a subsidiary of Aegon, a European financial services company headquartered in The Hague, Netherlands. Transamerica funds the Transamerica Institute, a nonprofit foundation which comprises the Transamerica Center for Retirement Studies and the Transamerica Center for Health Studies.
Learn more about Transamerica
Industry
Founded
1904

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