Product Development Specialist
2 weeks ago
Job Summary:
We are seeking an analytical and detail-oriented professional to support the realization of our Business Strategy. This role involves understanding and effectively communicating product requirements to stakeholders, ensuring seamless collaboration between actuarial life product teams and IT departments.
Key Responsibilities:
- Gather and interpret requirements from key stakeholders/customers in line with business analysis frameworks.
- Analyze product and business requirements, validating and translating them into clear requirement specifications for development areas.
- Document and present requirements and business process specifications using best practices.
- Collaborate with project and testing teams to ensure quality delivery of requirements that meet agreed deliverables.
- Participate in conceptual solution design, recommending innovative solutions to complex business problems.
- Closely collaborate with stakeholders and solutions teams to ensure delivery requirements remain current and adaptive.
- Participate in User Acceptance Testing (UAT) and guide users to ensure the designed solution meets business requirements.
Requirements and Qualifications:
- Related Degree
- 3+ years of experience working in a Product Team in Long Term Life Insurance or Re-Insurance
- In-depth knowledge of Life Insurance products and processes, with emphasis on Product Rules, Premium Rates & Charges, Values Calculations, and Investment Structures
- 5+ years of actuarial specialist experience
- Experience/Certification in SQL
- Advanced Excel skills
- Knowledge of Agile methodology or similar
- Familiarity with workflow tools (e.g., AWD)
- Understanding of testing methodologies and tools
- Knowledge of financial/statistical mathematics
Salary: The estimated annual salary for this position is around $120,000-$150,000, depending on experience and qualifications.
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