USA_Business Analyst

Pay Rate Range: $46.42 - 47.79/hr.
GBaMS ReqID: 10744483

Job Description:
Actuarial Business Analyst Banner Life (part of the Legal General America family) is seeking a skilled Actuary to support actuarial modeling| valuation| and risk analysis across life insurance products.
This role involves applying actuarial expertise to assess financial risks| support product development| and provide strategic insights to business stakeholders.
The Actuary will play a key role in ensuring accuracy in actuarial models| supporting business decision-making| and enhancing overall actuarial processes and governance.

Key Responsibilities
Actuarial Analysis Modeling Perform actuarial analyses related to life insurance products| including oTerm LifeoUniversal Lifeo Pension Risk Transfer (PRT)Develop| maintain| and validate actuarial models for pricing| valuation| and forecastingAnalyze experience data and trends to support business insights and decision-making Product Risk Management Support product design| pricing| and profitability analysis Assess and quantify risks associated with insurance portfolios Provide recommendations for risk mitigation and business optimization Model Governance Validation Perform quality assurance and validation of actuarial models and tools Ensure models adhere to internal standards and actuarial best practicesMaintain documentation for models and methodologiesBusiness Stakeholder Collaboration Partner with cross-functional teams including oFinanceoInvestmentsoITo Product and underwriting teamsTranslate technical actuarial concepts into actionable business insights Support strategic initiatives and enterprise transformation programs Regulatory Audit SupportAssist in internal and external audit processes Ensure compliance with actuarial standards and regulatory requirementsProvide documentation and explanations for actuarial assumptions and results

Required Qualifications Experience
Experience 5 10 years of actuarial experience in life insurance Strong background in oActuarial modelingo Risk assessmento Product analysisProfessional CredentialsASA (Associate of the Society of Actuaries) requiredFSA (Fellow of the Society of Actuaries) preferred

Technical Skills
Experience with actuarial software oGGY Axis (preferred) or MG-ALFAStrong programminganalytics skills oSQL oPythonoVBAExperience working with large datasets and automation tools Domain Knowledge Strong understanding of life insurance products and actuarial principles Knowledge of modeling methodologies| assumptions| and financial projectionsKey Competencies Strong analytical and problem-solving skillsAttention to detail and accuracy Effective communication and stakeholder managementAbility to work collaboratively in cross-functional teams Strategic thinking and business acumen

Role Overview
Banner Life (part of the Legal & General America family) is seeking a skilled Actuary to support actuarial modeling, valuation, and risk analysis across life insurance products. This role involves applying actuarial expertise to assess financial risks, support product development, and provide strategic insights to business stakeholders.
The Actuary will play a key role in ensuring accuracy in actuarial models, supporting business decision-making, and enhancing overall actuarial processes and governance.

Key Responsibilities
Actuarial Analysis & Modeling
• Perform actuarial analyses related to life insurance products, including:
oTerm Life
oUniversal Life
oPension Risk Transfer (PRT)
• Develop, maintain, and validate actuarial models for pricing, valuation, and forecasting
• Analyze experience data and trends to support business insights and decision-making

Product & Risk Management
• Support product design, pricing, and profitability analysis
• Assess and quantify risks associated with insurance portfolios
• Provide recommendations for risk mitigation and business optimization

Model Governance & Validation
• Perform quality assurance and validation of actuarial models and tools
• Ensure models adhere to internal standards and actuarial best practices
• Maintain documentation for models and methodologies

Business & Stakeholder Collaboration
• Partner with cross-functional teams including:
oFinance
oInvestments
Client
oProduct and underwriting teams
• Translate technical actuarial concepts into actionable business insights
• Support strategic initiatives and enterprise transformation programs

Regulatory & Audit Support
• Assist in internal and external audit processes
• Ensure compliance with actuarial standards and regulatory requirements
• Provide documentation and explanations for actuarial assumptions and results

Required Qualifications & Experience
Experience
• 5-10+ years of actuarial experience in life insurance
• Strong background in:
oActuarial modeling
oRisk assessment
oProduct analysis

Professional Credentials
• ASA (Associate of the Society of Actuaries) required
• FSA (Fellow of the Society of Actuaries) preferred

Technical Skills
• Experience with actuarial software:
oGGY Axis (preferred) or MG-ALFA
• Strong programming/analytics skills:
oSQL
oPython
oVBA
• Experience working with large datasets and automation tools

Domain Knowledge
• Strong understanding of life insurance products and actuarial principles
• Knowledge of modeling methodologies, assumptions, and financial projections

Key Competencies
• Strong analytical and problem-solving skills
• Attention to detail and accuracy
• Effective communication and stakeholder management
• Ability to work collaboratively in cross-functional teams
• Strategic thinking and business acumen

Skills: Category Name Required Importance Experience SkillCategoryTest1_MN Digital : Python Yes 1>7 years SkillCategoryTest1_MN PL/SQL Yes 1>7 years