Business Analyst Frederick - MD - Maryland
Role Descriptions: Actuarial Business AnalystBanner 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 ModelingPerform actuarial analyses related to life insurance products including oTerm LifeoUniversal LifeoPension Risk Transfer (PRT)Develop maintain and validate actuarial models for pricing valuation and forecastingAnalyze experience data and trends to support business insights and decision-makingProduct Risk ManagementSupport product design pricing and profitability analysisAssess and quantify risks associated with insurance portfoliosProvide recommendations for risk mitigation and business optimizationModel Governance ValidationPerform quality assurance and validation of actuarial models and toolsEnsure models adhere to internal standards and actuarial best practicesMaintain documentation for models and methodologiesBusiness Stakeholder CollaborationPartner with cross-functional teams including oFinanceoInvestmentsoIToProduct and underwriting teamsTranslate technical actuarial concepts into actionable business insightsSupport strategic initiatives and enterprise transformation programsRegulatory Audit SupportAssist in internal and external audit processesEnsure compliance with actuarial standards and regulatory requirementsProvide documentation and explanations for actuarial assumptions and resultsRequired Qualifications ExperienceExperience510 years of actuarial experience in life insuranceStrong background in oActuarial modelingoRisk assessmentoProduct 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 oSQLoPythonoVBAExperience working with large datasets and automation toolsDomain KnowledgeStrong understanding of life insurance products and actuarial principlesKnowledge of modeling methodologies assumptions and financial projectionsKey CompetenciesStrong analytical and problem-solving skillsAttention to detail and accuracyEffective communication and stakeholder managementAbility to work collaboratively in cross-functional teamsStrategic thinking and business acumenEssential Skills: Actuarial Business AnalystBanner 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 ModelingPerform actuarial analyses related to life insurance products including oTerm LifeoUniversal LifeoPension Risk Transfer (PRT)Develop maintain and validate actuarial models for pricing valuation and forecastingAnalyze experience data and trends to support business insights and decision-makingProduct Risk ManagementSupport product design pricing and profitability analysisAssess and quantify risks associated with insurance portfoliosProvide recommendations for risk mitigation and business optimizationModel Governance ValidationPerform quality assurance and validation of actuarial models and toolsEnsure models adhere to internal standards and actuarial best practicesMaintain doRole 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 & ModelingPerform actuarial analyses related to life insurance products, including:Term LifeUniversal LifePension Risk Transfer (PRT)Develop, maintain, and validate actuarial models for pricing, valuation, and forecastingAnalyze experience data and trends to support business insights and decision-makingProduct & Risk ManagementSupport product design, pricing, and profitability analysisAssess and quantify risks associated with insurance portfoliosProvide recommendations for risk mitigation and business optimizationModel Governance & ValidationPerform quality assurance and validation of actuarial models and toolsEnsure models adhere to internal standards and actuarial best practicesMaintain documentation for models and methodologiesBusiness & Stakeholder CollaborationPartner with cross-functional teams including:FinanceInvestmentsITProduct and underwriting teamsTranslate technical actuarial concepts into actionable business insightsSupport strategic initiatives and enterprise transformation programsRegulatory & Audit SupportAssist in internal and external audit processesEnsure compliance with actuarial standards and regulatory requirementsProvide documentation and explanations for actuarial assumptions and resultsExperienceRequired Qualifications & Experience5 10+ years of actuarial experience in life insuranceStrong background in:Actuarial modelingRisk assessmentProduct analysisProfessional CredentialsASA (Associate of the Society of Actuaries) requiredFSA (Fellow of the Society of Actuaries) preferredTechnical SkillsExperience with actuarial software:GGY Axis (preferred) or MG-ALFAStrong programminganalytics skills:SQLPythonVBAExperience working with large datasets and automation toolsDomain KnowledgeStrong understanding of life insurance products and actuarial principlesKnowledge of modeling methodologies, assumptions, and financial projectionsKey CompetenciesStrong analytical and problem-solving skillsAttention to detail and accuracyEffective communication and stakeholder managementAbility to work collaboratively in cross-functional teamsStrategic thinking and business acumen