Actuarial Business Analyst
About The Position
EquiTrust Life Insurance Company is a national carrier of competitive, client-friendly annuity products sold through a variety of distribution channels, including more than 20,000 independent agents and independent marketing organizations (IMOs). Since 2003, we have provided exceptional customer service to our clients by operating with integrity and passion. Our efforts are supported by a dedicated workforce who execute their responsibilities through teamwork and an entrepreneurial spirit. EquiTrust sells products nationwide and is headquartered in Chicago, Illinois, with operations in West Des Moines, Iowa. As an Actuarial Business Analyst, you will support product development, pricing, and product management initiatives for index annuities, fixed annuities, and life insurance products. This role works closely with Actuarial, IT, Product Management, and cross-functional business teams to translate business needs into system requirements, ensure successful project delivery, and align technology solutions with business goals. We are looking for candidates who are passionate about the insurance and financial services industry and bring strong analytical, problem-solving, and communication skills to the team.
Requirements
- Bachelor’s Degree in Actuarial Science, Mathematics, Computer Science, Statistics, or a related field
- Minimum 3 years of experience in actuarial, insurance product, business analysis, or systems support roles
- Minimum 1 year of experience in an insurance-related field
- Understanding of business analysis concepts (user cases, user stories, context diagrams, etc.)
- Experience with requirements elicitation, project scoping, and requirements analysis
- Strong mathematical, analytical, organizational, and problem-solving skills with attention to detail
- Effective written and verbal communication and presentation skills
- Ability to prioritize workflows, meet deadlines, and manage multiple concurrent tasks
- Adaptability and ability to respond positively to change
- Advanced computer skills, including Microsoft Office and ability to navigate multiple systems
- Strong interpersonal skills and professionalism
- Commitment to EquiTrust’s core values: Integrity, Leadership, Accountability, Teamwork, and Passion
Nice To Haves
- Experience with annuities and life insurance preferred
Responsibilities
- Partner with the actuarial team to analyze and develop business and functional requirements for product-related projects
- Serve as liaison between Actuarial and Technology teams
- Develop testing criteria, prepare testing tools, and participate in User Acceptance Testing (UAT)
- Attend ongoing Agile scrums to ensure progress and alignment
- Create and maintain detailed project documentation
- Prioritize actuarial system enhancements and production support tickets
- Analyze existing business processes and recommend improvements
- Monitor project outcomes to ensure alignment with business goals
- Collect and analyze data for assigned projects, including experience studies and presenting findings
- Research and resolve issues using strong problem-solving skills
- Support the Actuarial team and other departments as needed
Benefits
- Medical, Dental & Vision coverage
- 401(k) with Company Match
- Paid time off: Vacation, Sick, Holiday, and more
- Paid Parental Leave for both Mothers and Fathers
- Hybrid/Remote Work Options
- Early Friday Closure
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
