Operations Analyst, Life Insurance

Equitable; Springfield (IL); On-site; USD 58,000 - 60,000; Full time

Job summary

Equitable in Springfield, IL seeks a Business Analyst-Life associate to analyze data for plan reviews, develop financial models, and support advisor materials. You will identify anomalies, apply problem-solving techniques, and learn carrier software to enhance review processes.

The role emphasizes clear communication of complex concepts, handling multiple priorities, and delivering accurate materials during core hours in our in-office setting.

Qualifications

• Bachelor's degree required in a relevant field.
• 1+ year in analytical roles.
• Strong math and Excel/MS Office proficiency.
• Analytical background with data-driven mindset.

Responsibilities

• Gather, analyze data for existing plan annual reviews.
• Identify data anomalies to improve reviews and proposals.
• Develop financial models using Excel and carrier software.
• Execute CES LIPQ and SERP Builder for plan optimization.
• Ensure accuracy and address data errors before distribution.
• Explain complex concepts clearly to Advisors.

Skills

Analytical skills

Excel

MS Office

Data analysis

Communication skills

Education

Bachelor's Degree

Tools

CES LIPQ system

SERP Builder tools

Job description

At Equitable, we help clients secure their financial well-being so they can pursue long and fulfilling lives - a missionwe havehoned since 1859.

Equitable is seeking a dynamic Business Analyst-Life associate to join our growing team in Springfield IL.

What You Will Be Doing

• Gathering and analyzing data to prepare and distribute existing plan annual reviews
• Has expert level knowledge of plans which allows the candidate to identify anomalies in data to better prepare and present reviews and proposals
• Applies problem solving techniques to present optimum analysis and proposed changes to plans
• Runs in-force illustrations and alternate proposals to provide projections for insureds to make informed decisions regarding their policies
• Ability to learn new product characteristics to apply and adjust parameters of the typical review process
• Understands CES products and software in creating case studies, including capacity analysis.
• Developing financial models using excel and carrier software
• Embraces learning carrier software and product characteristics
• Accurately enters data and proactively addresses errors prior to distributing materials
• Answers questions from Advisors regarding materials prepared to positively impact retention
• Understands the importance of the work in completing and maintaining the sale
• Communicates complex concepts with ease to individuals with all levels of understanding of our product offerings.
• Handles multiple priorities with large volumes of work and associated deadlines
• Effortlessly uses Excel and other MS office tools
• Execute the CES LIPQ system as well as SERP Builder tools for maximizing efficiency and effectiveness in building plans.
• Understands the importance of concierge level service and the treatment philosophy toward CES advisors.
• Ad hoc projects related to multi life and LIP marketing and design
• Manages compliance approvals for marketing materials used in sales process

This position is an in-office role that allows you to stay fully engaged with your team to provide outstanding, customer-focused service during our core hours (8:00 AM–5:00 PM). Office location is 4341 Acer Grove Road, Suite C300, Springfield, IL 62711

The base salary range for this position is$58,000 - $60,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility.

For eligible employees, Equitableprovidesa full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, pleasereferencethe link below.

Equitable Pay and Benefits: Equitable Total Rewards Program

Required Qualifications

• Bachelor's Degree
• 1+ Years experience in Analytical positions
• Strong math skills
• Excellent knowledge and application of Excel and MS office tools and ability and interest in learning all supportive software for the role
• Strong analytical background

Preferred Qualifications

• Experience in Insurance a plus
• Expert level of knowledge of product, policy and plan details.
• Strong interpersonal skills and ability to ask questions to maximize learning and proficiency
• A solution-based mindset and solution based, creative thinking skills
• Strong marketing communication skills
• Self-motivated and able to work with large work volumes and short deadlines
• Strong organizational and project management skills

Skills

• Communicating Complex Concepts: Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in simple, clear language appropriate to the audience.
• Cross-functional Collaboration: Knowledge of collaborative techniques and approaches; ability to promote a culture of continuous improvement and working together across functions to solve business problems and meet business goals.
• Financial Planning Instruments (Pensions, Annuities, etc.): Knowledge of financial planning products, market segments and marketplaces; ability to analyze and apply knowledge of financial planning products to meet financial goals and objectives.
• Insurance Legal and Regulatory Environment: Knowledge of federal, state and local laws and regulations; ability to comply with these laws and regulations in insurance industry practices and activities.
• Insurance Policies Management: Knowledge of issues, components, content and operations related to insurance policies; ability to create, revise, implement and manage the policies.
• Knowledge of Insurance Operations: Knowledge of the full spectrum of activities, practices, tools and considerations for insurance operations; ability to apply knowledge of insurance operations to provide administrative support to the insurance business.
• Knowledge of Product Line: Knowledge of methodologies, tools and techniques for specific products; ability to develop product line processes and strategies.
• Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.
• Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.

NOTE: Equitable participates in the E-Verify program.

If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at [phone] or email us at [e-mail].

Primary Location

UNITED STATES-IL-Springfield

Schedule

Full-time