| Location | North Carolina, NC |
Role: Business Analyst
Location: Cary, NC
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
Indepth 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
AgileScrum 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 problemsolving 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