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 ResponsibilitiesGather, 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 DomainStrong experience in Retail Life Insurance.
In-depth 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 elicitationBRD, FRD, User Stories, Use Cases
Process Mapping and Gap Analysis
Agile/Scrum and Waterfall methodologies
Stakeholder Management
UAT Planning and Execution
Nice to HaveExperience 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 CompetenciesStrong analytical and problem-solving 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.'
The base compensation range for this role in the posted location is: 115,000 - 135,000
Capgemini provides compensation range information in accordance with applicable national, state, provincial, and local pay transparency laws. The base compensation range listed for this position reflects the minimum and maximum target compensation Capgemini, in good faith, believes it may pay for the role at the time of this posting. This range may be subject to change as permitted by law.
The actual compensation offered to any candidate may fall outside of the posted range and will be determined based on multiple factors legally permitted in the applicable jurisdiction.
These may include, but are not limited to: Geographic location, Education and qualifications, Certifications and licenses, Relevant experience and skills, Seniority and performance, Market and business consideration, Internal pay equity.
It is not typical for candidates to be hired at or near the top of the posted compensation range.
In addition to base salary, this role may be eligible for additional compensation such as variable incentives, bonuses, or commissions, depending on the position and applicable laws.
Capgemini offers a comprehensive, non-negotiable benefits package to all regular, full-time employees. In the U.S. and Canada, available benefits are determined by local policy and eligibility and may include:
- Paid time off based on employee grade (A-F), defined by policy: Vacation: 12-25 days, depending on grade, Company paid holidays, Personal Days, Sick Leave
- Medical, dental, and vision coverage (or provincial healthcare coordination in Canada)
- Retirement savings plans (e.g., 401(k) in the U.S., RRSP in Canada)
- Life and disability insurance
- Employee assistance programs
- Other benefits as provided by local policy and eligibility
