Business Analyst (Actuarial)

New York Technology Partners; Cary (NC); On-site; USD 85,000 - 120,000; Full time

Job summary

New York Technology Partners is seeking an experienced Insurance Business Analyst (Actuarial) for a Cary, NC long-term contract. The role focuses on Retail Life Insurance initiatives, partnering with actuarial, underwriting, product management, business and technology teams to drive transformation and system enhancements.

Responsibilities include gathering requirements for Life Insurance products, translating them into specifications, and supporting pricing, reserves, regulatory reporting, and

Qualifications

• Requirement gathering and elicitation for Life Insurance products and actuarial processes
• BRD FRD User Stories Use Cases
• Process Mapping and Gap Analysis
• AgileScrum and Waterfall methodologies
• Stakeholder Management
• UAT Planning and Execution

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 results and validating outcomes
• Perform gap analysis and identify opportunities for process improvement and automation
• Ensure compliance with insurance regulations and actuarial standards

Skills

Retail Life Insurance

Actuarial models

Pricing and product development

Reserves and statutory reporting

Mortality and lapse assumptions

Risk analysis

UAT Planning

Stakeholder Management

Requirement elicitation

BRD FRD

User Stories

Process Mapping

Job description

Hiring: Business Analyst (Actuarial) – Cary, NC

We are looking for an experienced Insurance Business Analyst with strong Actuarial domain expertise to support Retail Life Insurance initiatives. The ideal candidate will have deep knowledge of life insurance products and actuarial processes, along with experience partnering with actuarial, underwriting, product management, business, and technology teams.

Job Title

Business Analyst (Actuarial)

Position Type

Long Term Contract

Location

Cary, NC

Responsibilities

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

Strong analytical and problemsolving skills

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