Business Analyst with Actuarial domain

Role: Business Analyst with strong Actuarial domain

Location: Atlanta, GA

Fulltime

Year of Experience: 9+ Years of experience

Job Summary

We are seeking an experienced Insurance Business Analyst with strong Actuarial domain expertise to support Retail Life Insurance initiatives. The ideal candidate should have deep knowledge of Life Insurance products including Term Life, Whole Life (WL), Universal Life (UL), and Variable Universal Life (VUL) and experience working closely with business stakeholders, actuarial teams, underwriting, product management, and technology teams to drive business transformation and system enhancements.

Key Responsibilities

Gather, analyze, and document business requirements for Life Insurance products and actuarial processes.

Collaborate with actuarial, product, underwriting, policy administration, and IT teams to define business solutions.

Translate business requirements into functional specifications, process flows, user stories, and acceptance criteria.

Support product development, pricing, valuation, reserve calculations, and regulatory reporting initiatives.

Work on policy lifecycle processes including New Business, Policy Administration, Billing, Claims, and Servicing.

Analyze impacts of product changes and ensure alignment with business objectives and actuarial assumptions.

Facilitate workshops, stakeholder meetings, requirement walkthroughs, and UAT sessions.

Support testing activities by developing test scenarios, reviewing test results, and validating business outcomes.

Perform gap analysis and identify opportunities for process improvement and automation.

Ensure compliance with insurance regulations and actuarial standards.

Required Skills & Experience

Insurance Domain

Strong experience in Retail Life Insurance.

In-depth understanding of:

Term Life Insurance

Whole Life (WL)

Universal Life (UL)

Variable Universal Life (VUL)

Knowledge of policy administration and life insurance operations.

Actuarial Expertise

Strong understanding of:

Actuarial models and methodologies

Pricing and product development

Reserves and statutory reporting

Mortality and lapse assumptions

Risk analysis and profitability studies

Experience working with actuarial teams and actuarial calculations

Business Analysis

Requirement gathering and elicitation

BRD, FRD, User Stories, Use Cases

Process Mapping and Gap Analysis

Agile/Scrum and Waterfall methodologies

Stakeholder Management

UAT Planning and Execution

Nice to Have

Experience with US, Canadian, or LATAM Life Insurance markets.

Experience in product migrations, digital transformation, or cloud modernization programs.

Knowledge of regulatory frameworks and actuarial reporting standards.

Key Competencies

Strong analytical and problem-solving skills

Excellent stakeholder management

Effective communication and documentation skills

Ability to bridge business and technology teams

Strong understanding of life insurance products and actuarial concepts

Mandatory Skills: Retail Life Insurance, Actuarial Analysis, Term Life, Whole Life, Universal Life, Variable Universal Life, Requirements Gathering, UAT, Stakeholder Management, SQL."