Counsel 2 - Tax

Job Family

Legal Counsel

Job Description Summary

As Counsel, you will provide legal advice relating to the taxation of life insurance and other financial products according to internal law department needs and, to the needs of certain in-house constituents.

Job Description

Responsibilities:

• Assist in providing legal advice to Transamerica’s business units regarding the tax implication of the ongoing administration, servicing and management of life insurance products.

• Work on issues where analysis requires identification and evaluation of multiple factors and taking into account the related information reporting and withholding.

• Effectively communicate complex tax issues to individuals with little or no background in tax.

• Conduct legal research to provide support to more senior members of the legal team.

• Collaborate on matters with outside counsel and in-house counsel and tax professionals.

• Participate in departmental and cross-functional working groups.

• Review and draft contracts, memoranda, policies and procedures and other documentation relating to the administration and servicing of life insurance products.

• Provide legal analysis and advice relative to enterprise initiatives, including process improvements and product development.

Qualifications:

• JD from an ABA accredited law school, LLM a plus

• Two years of relevant legal experience

• Licensed or eligible to practice in the applicable state

• Ability to effectively communicate, both written and oral, with the intended audience

• Ability to exercise sound judgment in a fast paced environment

• Ability to exercise agility and adaptability in providing legal advice

• Comfortable in a rapidly changing corporate environment

• Solid understanding of life insurance taxation, specifically, IRC Code Section 7702 and other related sections and regulations

• Ability to analyze IRS guidance and advise the Company regarding impacts of new or pending legislation.

• 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

• Understanding of the tax impact of our various financial products on individuals, trusts, estates, and entities.

• Understanding of information reporting and withholding requirements related to our products.

• Proficient using MS Office

Preferred Qualifications:

• Experience with life insurance taxation

• Financial services or insurance industry experience preferred

Working Conditions:

• Hybrid office environment: 3 days in office (Baltimore/Cedar Rapids/Denver/Philadelphia)

Compensation:

• The Salary for this position generally ranges between $140,000 - $160,000 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.

#LI-BD1

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.

Disclaimer:
Beware of fake job offers!

We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

• We will never request personal information such as ID or payment for equipment upfront.

• Official offers are sent via DocuSign following a verbal offer—not through text or email.

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

• 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