USA_Business Analyst
Pay Rate Range: $46.42 - 47.79/hr.GBaMS ReqID: 10744483Job 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 ResponsibilitiesActuarial 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 resultsRequired Qualifications ExperienceExperience 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) preferredTechnical SkillsExperience 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 acumenRole OverviewBanner 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 ResponsibilitiesActuarial Analysis & Modeling•Perform actuarial analyses related to life insurance products, including:oTerm LifeoUniversal LifeoPension 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-makingProduct & Risk Management•Support product design, pricing, and profitability analysis•Assess and quantify risks associated with insurance portfolios•Provide recommendations for risk mitigation and business optimizationModel 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 methodologiesBusiness & Stakeholder Collaboration•Partner with cross-functional teams including:oFinanceoInvestmentsClientoProduct and underwriting teams•Translate technical actuarial concepts into actionable business insights•Support strategic initiatives and enterprise transformation programsRegulatory & 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 resultsRequired Qualifications & ExperienceExperience•5–10+ years of actuarial experience in life insurance•Strong background in:oActuarial modelingoRisk assessmentoProduct analysisProfessional Credentials•ASA (Associate of the Society of Actuaries) required•FSA (Fellow of the Society of Actuaries) preferredTechnical Skills•Experience with actuarial software:oGGY Axis (preferred) or MG-ALFA•Strong programming/analytics skills:oSQLoPythonoVBA•Experience working with large datasets and automation toolsDomain Knowledge•Strong understanding of life insurance products and actuarial principles•Knowledge of modeling methodologies, assumptions, and financial projectionsKey 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 acumenSkills:CategoryNameRequiredImportanceExperienceSkillCategoryTest1_MNDigital : PythonYes1>7 yearsSkillCategoryTest1_MNPL/SQLYes1>7 years