Business Analyst with Actuarial domain

Capgemini; Cary (NC); On-site; USD 90,000 - 120,000; Full time

Job summary

Capgemini in Atlanta, GA seeks an experienced Insurance Business Analyst with actuarial domain expertise to support Retail Life Insurance initiatives. The candidate will gather requirements for Term Life, Whole Life, Universal Life, and VUL, and collaborate across actuarial, product, underwriting, policy administration, and IT teams to drive transformation and system enhancements.

Hands-on in BRD/FRD, user stories, test planning, UAT, and regulatory reporting, with strong SQL skills and

Qualifications

• Experience in Retail Life Insurance products and actuarial processes.
• Strong knowledge of Life Insurance products: term, WL, UL, VUL.
• Experience with BRD/FRD, user stories, use cases and test planning.
• Proficiency in SQL and regulatory reporting understanding.

Responsibilities

• Gather, analyse, and document business requirements for Life Insurance products and actuarial processes.
• Collaborate with actuarial, product, underwriting, policy administration and IT teams.
• Translate requirements into functional specs, processes, user stories, and acceptance criteria.
• Support product development, pricing, valuation, and reserve calculations.
• Work on policy lifecycle processes: New Business, Billing, Claims, Servicing.
• Analyze impacts of product changes and align with objectives and actuarial assumptions.
• Facilitate workshops, stakeholder meetings, walkthroughs, and UAT sessions.
• Support testing with test scenarios, results review, and outcome validation.
• Perform gap analyses and identify opportunities for automation.
• Ensure compliance with insurance regulations and actuarial standards.

Skills

Retail Life Insurance

Actuarial domain

Term Life

Whole Life

Universal Life

Variable Universal Life

Requirements Gathering

UAT

Stakeholder Management

SQL

Job description

Role: Business Analyst with strong Actuarial domain

Location: Atlanta, GA

Year of Experience: 9+ Years of experience

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.
• In-depth 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
• Agile/Scrum 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 problem-solving 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.\