Actuarial Analyst at FLEXIBLE ARCHITECTURE & SIMPLIFIED TECH INC in Holmdel, New Jersey

Job Description:

Operating under close supervision, the Actuarial Analyst performs assigned tasks and participates as a project resource for scheduled engagements. The design complexity of projects can range from straightforward to moderately complex, potentially involving single or multiple products and requiring work across various computer environments. The Actuarial Analyst must exhibit exceptional communication, interpersonal, presentation, organizational, and planning skills.

• 90% - 100% Works on single or multi-product projects, usually with multiple computer environments where design is extremely complex:


• Develops detailed understanding of customer's products and how customer's products will be integrated with the FAST solution collaborating with the customer's actuarial resources.


• Interviews customer peers during requirements gathering exercises and documents findings.


• Participates in and, will eventually, facilitate and manage design sessions regarding business functionality and/or product logic with customer(s).


• Tests FAST system against customer's system.


• Identifies gaps between customer requirements and FAST solution and will learn to propose ideas to address these issues.


• Contributes to and eventually authors detailed actuarial specifications and functional specifications from limited BSR(s), or with no BSR(s), through independent discussions with customers.


• Performs product loading and values testing.


• Learns and will use detailed knowledge of regulations, calculations and processing, and participates in and will eventually routinely guides detailed discussions with customers regarding at least two (2) of the following product types: UL/VUL, Traditional Products, Deferred Annuities and Immediate Annuities.


• Shares business knowledge with peer business analysts through mentoring and/or group presentations.


• Learns functional specifications for multiple FAST solutions: Home Office, Administration, Payout Administration, Application, Underwriting, Illustrations Calculations, Illustrations and Technical Integration.


• Contributes to estimating time frames, quality and quantity of resources required to successfully implement project.


• Provides periodic status checks with customers and team to assess progress against plan.


• Prepares status reports, as needed, on product related project activities.


• 10% Serves as pre-sales support and post-sales technical support specialist when needed.

• Bachelor's degree in mathematics or actuarial science required.


• Actuarial exams or ASA desirable. College graduates, or up to 5 years in the life and/or financial services industry, relevant industry business practices, business consulting, or technical consulting preferred.

• Problem Solving/Critical Thinking - Ability to synthesize content. Good problem-solving approaches.


• Communication - Articulate, clear and succinct. Good listener. Solid logic flow during discussions. Poised, personable style.


• Teamwork - Enthusiastic, highly involved team member. Supports others and helps build team morale. Engaged and high energy. Always demonstrates integrity. Goes the extra mile to help others. Strong network of informal relationships.


• Work Ethic - Completes tasks in a timely manner. Stays focused and organized. Self-motivated, takes initiative


• Takes full ownership of assignments. High quality standards. Intellectually curious, openness to new learning and others' views. Seeks and is responsive to feedback. Consistently follows through. ""Can do"" behavior".

#LI-Hybrid

About Us
For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed.

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland. We value learning, caring and results and make inclusivity and diversity a top priority. In addition to our Great Place to Work® Certification, we've been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World's Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We're 7,000 people strong. We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

Verisk Businesses

Underwriting Solutions - provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions - supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions - offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Specialty Business Solutions - provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Life Insurance Solutions - offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft - provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.