Transamerica

Senior Compliance Analyst – Life & Health Insurance Fraud Investigations

Transamerica

full-time

Posted on:

Location Type: Hybrid

Location: Cedar Rapids • Colorado • Iowa • United States

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Salary

💰 $75,000 - $85,000 per year

Job Level

Senior

About the role

  • 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 the 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

Requirements

  • 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
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
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
data analysisfraud investigationrisk assessmentclaims analysiscontract developmentunderwritinglegal researchanti-money laundering investigations
Soft Skills
communication skillsanalytical skillsresearch skillsindependent workprioritizationcollaborationtraining