Assist in identifying areas of the systems requiring modification to support new product designs and functionality; Coordinate tasks associated with creating and modifying life and annuity product plans on administration, new business, illustrations, and other systems; With oversight, read/review product pricing requirements, elicit necessary information by seeking answers from appropriate business partners. Write business requirements for needed modifications to systems, if applicable; Modify and create test tools to validate product rates and values on impacted systems, following established protocols and standards
Requirements:
Bachelor’s degree; mathematics, finance, computer science or related degree preferred; Experience 3-5 years in systems or systems support role in financial services industry; Experience with a wide range of life insurance and annuity products with a demonstrated understanding of product mechanics and calculations, including development of UL, indexed UL, and/or whole life cash value and death benefit calculations, definition of life insurance and modified endowment calculations, interest theory, and other related actuarial product benefit calculations
Text:
Actuarial Systems Analyst Assist in identifying areas of the systems requiring modification to support new product designs and functionality; Coordinate tasks associated with creating and modifying life and annuity product plans on administration, new business, illustrations, and other systems; With oversight, read/review product pricing requirements, elicit necessary information by seeking answers from appropriate business partners. Write business requirements for needed modifications to systems, if applicable; Modify and create test tools to validate product rates and values on impacted systems, following established protocols and standards Bachelor’s degree; mathematics, finance, computer science or related degree preferred; Experience 3-5 years in systems or systems support role in financial services industry; Experience with a wide range of life insurance and annuity products with a demonstrated understanding of product mechanics and calculations, including development of UL, indexed UL, and/or whole life cash value and death benefit calculations, definition of life insurance and modified endowment calculations, interest theory, and other related actuarial product benefit calculations
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