Apex Systems | Junior Business Analyst | New York | United States | BigDataKB.com | 2023-01-20

Job Location: New York

Job Detail:

The Product Analyst works as a consulting team member or as an individual analyst on the enhancement, integration, and implementation of client-driven FAST solutions. They will collaborate with other actuaries and/or product experts, focusing on the analysis of the customerโ€™s product specifications and on the configuration of the customerโ€™s products utilizing FASTโ€™s toolset. Duties may be performed at customerโ€™s site. This Product Analyst operates under close supervision and works on tasks as directed.

Responsibilities:

  • Develops detailed understanding of customerโ€™s products and how customerโ€™s products will be integrated with the FAST solution through interfacing with customerโ€™s actuarial resources.
  • Interviews customer peers during requirements gathering exercises and documents findings.
  • Facilitates and manages design sessions regarding business functionality and/or product logic with customer(s).
  • Tests FAST system against customerโ€™s system.
  • Identifies gaps between customer requirements and FAST solution and proposes ideas to address these issues.
  • Authors detailed actuarial specifications and functional specifications from limited BSR(s), or with no BSR(s), through independent discussions with customers.
  • Performs product loading and values testing.
  • Using detailed knowledge of regulations, calculations and processing, routinely guides detailed discussions with customers regarding at least two (2) of the following product types: UL/VUL, Traditional Products, Deferred Annuities and Immediate Annuities.
  • Shares business knowledge with peer business analysts through mentoring and/or group presentations.
  • Authors functional specifications for multiple FAST solutions: Home Office, Administration, Payout Administration, Application, Underwriting, Illustrations Calculations, Illustrations and Technical Integration.
  • Estimates time frames, quality and quantity of resources required to successfully implement project; assists in developing project plan incorporating all project variables.
  • Provides periodic status checks with customers and team to assess progress against plan. Performs re-forecasts of project variables as necessary throughout project.
  • Prepares status reports, as needed, on all project activities.

Qualifications:

  • Bachelorโ€™s degree in Mathematics or Actuarial Science required.
  • FSA or ASA desirable.
  • Up to 18 months of work experience in the life and/or financial services industry, relevant industry business practices, business consulting, or technical consulting.



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