Job description
The Opportunity
The Business Analyst will be an integral part of the BOLI/COLI Quantitative Consulting team, utilizing product and system knowledge to support the design and development of Institutional Insurance products from an illustration system implementation on Forge and LMI. The Forge COLI Illustration System and LMI application are used by the Institutional Insurance Business and Sales teams to run illustrations for pre-sale and in-force customers for Bank Owned Life Insurance (BOLI), Corporate Owned Life Insurance (COLI) and private placement variable life products.
The Team
The Institutional Insurance Quantitative Team is responsible for illustration systems, complex reporting, supporting administrative system design, commission troubleshooting, inforce support, automation, risk management, and other technical aspects of MassMutual’s COLI and BOLI product lines. We often work independently within our unit, collaborating with other units to solve problems. We’re motivated by simplifying workflows and enjoy “getting the job done”. Even with a few recent retirements, we remain well seasoned and long-term experts on a unique and profitable product line with market leading sales.
The Impact:
- Develop and maintain mature LMI application on dedicated Linux server partnering closely with the application developers to implement product, system and interface changes and enhancements, focusing on quality control and process improvement. Check-out and build source code using standard Unix tools (GIT, VIM, Sed, etc.). Assist with well documented code for product changes/enhancements and commit to the proprietary product repository. Perform system and regression testing. Analyze and document system test results with attention to detail and accuracy. Responsible for the preparation and coordination/communication of monthly LMI system release candidates to internal and external users.
- Participate on projects to design and implement continuous improvements of illustration systems functionality and automated inforce feeds. Analyze and interpret product specification or system change/enhancement to develop test requirements, system tests and expected results.
- Collaborate with MassMutual colleagues in Actuarial, Compliance, Legal, and IT, to ensure all Institutional Insurance illustrations remain timely, accurate, and usable. Work in partnership with business operations, sales, IT, compliance and legal to identity opportunities to advance illustration functionality. Ensure registered variable product illustrations comply with SEC Rule 38a-1. Prepare documentation as required of MassMutual’s 38a-1 program.
- Provide technical guidance and knowledge for new business and inforce illustrations on MassMutual’s LMI, iPipeline’s Forge system, and VIS. Provide support for Forge enhancements and modifications.
- Research and resolve user concerns, performing analysis to determine correct process/calculations, identifying any gaps or differences compared to current process/calculation.
The Minimum Qualifications
- Bachelor’s degree.
- 3+ years of experience with Universal Life Insurance product designs and illustrations.
- 1+ year of experience translating business requirements into technical documents.
The Ideal Qualifications
- Experience with COLI and BOLI Life Insurance.
- Familiarity with Linux servers and Unix tools.
- Knowledge of graphical user interfaces.
- Experience with C++ programming. Strong documentation and communication skills.
What to Expect as Part of MassMutual and the Team
- Regular meetings with the LMI system programmer and other collaborators
- Focused one-on-one meetings with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational platforms
- Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits
#LI-BC1
MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
Offers of employment are contingent on the completion of satisfactory references, background investigation, and (if applicable) any federal securities law requirements/FINRA regulations (including fingerprinting) and/or passing of a drug screening.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.abouteureka.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, abouteureka.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, abouteureka.com is the ideal place to find your next job.