Transamerica
Business Systems Analyst - Reinsurance Operations
Nov 23, 2024
Full-time
Full Job Description

Job Family

IT - Business Analysis

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.

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.

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

Provide business analysis support for client areas to identify business requirements for system solutions or business processes.

Job Description

Responsibilities:

  • Assist in conducting business process analysis and needs assessments in an effort to align information technology solutions with business initiatives.

  • Assist in the preparation of “as is” and “current state” documentation in written and/or graphical form (flows).

  • Assist in Business Process Modeling to create models that reflect an intuitive, non-technical, system agnostic, model representing the Operations staff's perspective of how the business is conducted.

  • Maintain a general understanding of the technology and architecture that support the division’s business processes.

  • Assist in defining business and systems requirements through business requirements workshops, use case workshops and research and analysis. This is combined with a general understanding of applicable business systems.

  • Understand and communicate business unit requests and business requirements to project teams.

  • Prepare documentation for business requirements.

  • Assist in the preparation of documentation of desired system functionality by completing the appropriate Use Case documents.

  • Problem Solving: May work with Operations staff in creating alternatives and recommend solutions to meet the operational goals of a business area or to solve operational problems.

  • Assist in conducting research and analysis to quantify business opportunities and assists in developing formal recommendations to management.

  • May use project management skills and track the progress of a project.

  • Develop and execute application test plans and document the results.

  • Serve as a liaison to all business units and across divisions if necessary, when gathering requirements.

Qualifications:

  • Associates or Bachelors degree, preferably in IT or a business area discipline (i.e. accounting, investments, or marketing) or equivalent education/experience required.

  • Up to 2 years experience in business analysis.

  • 1-2 years of industry experience also preferred.

Preferred Qualifications:

  • Basic knowledge of insurance company operations, with reinsurance knowledge or experience with TAI Reinsurance system a plus.

  • Strong organizational and analytical skills with attention to detail.

  • Excellent written, verbal and presentation skills.

  • Working knowledge of systems methodology, project management, quality assurance and testing methodologies.

  • Conceptual knowledge of graphical user interfaces, relational database management systems and data storage.

  • Experience with Microsoft Office, Alteryx, AWS, QuickSights, Selenium, Excel Power BI and SQL based query tools. Experience with SQL and VBA coding.

Working Conditions:

  • Normal office environment.

  • Able to work in a team environment.

  • Basic personal computer skills including mainframes, PC's and networks.

Compensation:

**Please note that the compensation information that follows is a good faith estimate for this position only and is provided pursuant to applicable pay transparency and compensation posting laws. It is estimated based on what a successful candidate might be paid in certain Company locations.**

The Salary for this position generally ranges between $52,000 - $62,000 annually. This range is an estimate, based on potential qualifications and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Bonus Eligibility:

This position is also typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at Company Discretion.

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 to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

Worried about not having every single qualification listed? It’s okay. If it’s a role you’re interested in, we encourage you to apply. Employees who enjoy their jobs are one of our favorite things.

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

  • College Coach 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

PDN-9d8e085c-43e4-498f-98bf-eada2412d275
Job Information
Job Category:
Accounting
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Business Systems Analyst - Reinsurance Operations
Transamerica
Nov 23, 2024
Full-time
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