This role is at the heart of insurance policy administration. A highly visible position in the organization that enables policies to be processed according to the terms of the client agreements, also known as "treaties", and according to the risk distribution specified in the agreements. You'll become a subject matter expert on how the administration system handles each product configuration for our world-wide insurance clients. You will be hands-on in the technical set up of products, benefits, features, rates and more. You'll be a key contributor for new client and new product implementation.
Specific Responsibilities
Life Insurance System Analyst will work with manager and team members to perform system setup duties and technical coordination duties as outlined below. This role works closely with other departments to gather pertinent information needed for the completion of tasks. Assists in the day-to-day responsibilities related to the successful completion of policy extensions.
System Treaty Administration:
Analyze quote and accurately interpret legal treaty requirements to create and/or revise system treaties including the mapping of insurance plans and the setup of products in the administration system to ensure accurate processing.
Participate in testing the accuracy of the system treaties.
Document and explain product features within the administration system so that it is easily understood by users of the administration system across the company.
Promptly address internal client's questions/issues related to system treaty requirements, adhering to any established time service requirements.
Assist in researching and problem-solving administration processing issues related to system treaty setup.
Complete system treaty assignment logs, ensuring timely and accurate entries for internal audit.
Electronic File Processing:
Assist in developing IT requirements for new and existing file automation. Test and validate the automation to ensure accurate implementation.
Communicates data requirements with internal clients.
Review technical procedure documentation for creating and maintaining automated processing.
Verify integrity of external client data comparing it to reinsurance source documents.
Extension Support:
Support the processing of extensions by coding the necessary system treaty elements.
Validate extensions processed.
Administration Department Support:
Support the Organization & Account definitions in the administration system to ensure accuracy and consistency with the Legal Treaty department.
Assist with other Administration Division duties as needed or assigned
Education And Work Experience:
Associates degree or equivalent work experience.
LOMA certification AMLI and ARA preferred
2-3 years of relevant office experience
Advanced Microsoft Office skills.
Competencies:
Analytical, with strong technical skills and ability to apply logic and reasoning.
Capable of managing diverse requests from various sources while maintaining quality results.
Strong organizational and follow up skills.
At ease managing large Microsoft Excel files, scripting, validation and automation.
Comfortable with interacting & communicating with all levels of internal business partners.