Transamerica

Internal Business Development Consultant – WFG Canada

CAN Toronto WFH Full time

Job Family

Sales Support / Operations

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

IAs part of the World Financial Group (WFG) Distribution team, the Internal Business Development Consultant is responsible for partnering with the WFG business development team, field agents, and field leadership to drive increased agent recruiting, licensing, product sales and to enhance the agent experience. Increase field performance, training, and communications to execute on WFG growth strategies. Serve as a technical knowledge resource to enhance field recruiting, new agent activation, and improve recruit-to-license, license-to-sale, and first-time producer ratios. Implement inbound and outbound call strategies to drive life and annuity/seg fund sales and increase agent engagement.

Job Description

Responsibilities

  • Drive WFG life and annuity/seg fund sales growth aligning with the WFG Business Development team to achieve results and execute on activity goals to increase licensed agents, first time producer sales, multi-ticket, and multi-product sales.
  • Drive increased recruit-to-license and license-to-sales growth for new recruits and agents through on-going technical support, training, issue resolution, and recognition of field accomplishments.
  • Provide training and troubleshooting activities on contracting and licensing procedures, new business, underwriting procedures, sales concepts, and end-to-end sales processes.
  • Provide orientation and training on WFG systems, websites, and other digital tools.
  • Deliver messaging, updates, incentives, etc. regarding WFG supported products, services, and resources to drive sales growth and meet retention objectives.
  • Support marketing, training, and sales event activities focused on enhancing the experience of new recruits and new agents.
  • Achieve performance measures/metrics and adhere to quality standards that align with business objectives. Achieve/exceed financial goals and targets.
  • Recommend and initiate approved improvements to processes and procedures.


Qualifications

  • Two years of sales/distribution and financial services industry experience
  • Life license, or ability to obtain within 6 months
  • Understanding of the life insurance industry, securities business, agency operations, and regulations
  • Outstanding relationship building skills to motivate and encourage recruits and agents
  • Excellent oral/written communication, presentation, and listening skills
  • Technical aptitude to learn and train others on WFG platforms
  • Proactive and independent thinker able to take accountability for tasks and commitments
  • Attention to detail and the ability to quickly adapt in a rapidly changing environment
  • Problem-solving and decision-making skills
  • Organizational skills to manage time and resources


Preferred Qualifications

  • Bachelor’s degree in a business field
  • Bilingual: English/French/Spanish/Punjabi (oral and written) as required in some territories
  • Understanding of WFG agency model, company departments and functional areas
  • Life & Health license
  • Mutual Fund licenses


Working Conditions

  • This is a hybrid position requiring 2-3 days in office per week in one Toronto, ON.

  • Relocation assistance will not be provided for this position
  • Valid driver’s license and vehicle required
  • Occasional Travel <10%
  • Travel to attend business meetings, training, or events. May include evenings and weekends.

Compensation

The salary for this position generally ranges between $67,000 - $70,000 annuallyPlease 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.

    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.

    #LI-HR1


    This job description is not a contract of employment nor for any specific job responsibilities. 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.

    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