Life Product Support Analyst I

FBL Financial Group - West Des Moines, IA

Full-time - Entry Level

West Des Moines, IA

Insurance Carriers and Related Activities

About the position

The Life Product Support Analyst I role at Farm Bureau Financial Services involves technical and analytical responsibilities focused on product implementation and support. The analyst will ensure that products and pricing recommendations align with implementation objectives, while also contributing to compliance, administrative processes, and marketing efforts. This position requires strong Excel and VBA skills, along with the ability to work collaboratively in a project-based environment.

Responsibilities

• Assist with product implementation process on FBL administrative systems.
• Ensure compliance with laws and regulations by drafting appropriate policy process requirements and implementing accurate administrative calculations and illustration projections.
• Contribute to administrative efforts by inputting system tables and specifications, assisting in developing administrative rules and procedures, and handling complex situations.
• Assist with new business and enforce product implementation process on FBL illustration systems.
• Contribute to marketing efforts by responding to special agent requests and maintaining accurate rate books and reference manuals.
• Prepare monthly life and annuity product reports and conduct conversion studies for pricing assumptions.
• Assist in the completion of industry surveys and produce ad-hoc reports as needed.
• Participate in basic implementations of competitive products by documenting and defining administrative requirements and testing values.
• Respond to and resolve basic special/manual customer service requests promptly and courteously.

Requirements

• Bachelor's degree in actuarial science, mathematics, computer science, finance, or related field/equivalent experience required.
• 2+ years of relevant experience is preferred.
• Excellent Excel / VBA skills are required.
• Strong analytical skills and ability to solve non-routine and complex problems required.
• Superior prioritization and organizational skills required.
• Strong oral and written communication skills.

Nice-to-haves

• Desire to pursue LOMA exam process preferred.
• Basic understanding of life insurance and annuity product knowledge preferred.
• Experience in a life product development or implementation setting preferred.
• Exposure to life illustration and/or administrative systems is a plus.

Benefits

• Enhanced 401K with a match
• Low-cost health, dental, and vision benefits
• Life and disability insurance options
• Paid time off, including holidays and volunteer time
• Onsite wellness facility with fitness classes and programs
• Daycare center
• Cafeteria
• Consideration for a hybrid work arrangement