Business Analyst (Actuarial) Cary, NC

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

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

Mandatory Skills

Retail Life Insurance Actuarial Analysis Term Life Whole Life Universal Life Variable Universal Life Requirements Gathering UAT Stakeholder Management SQL

Interested or open to new opportunities?
Please send your updated resume with contact details to

Thanks and Regards

Vikas Mahindrakar

New York Technology Partners