Product Configuration Analyst

ManpowerGroup - Minneapolis, MN

Full-time

Minneapolis, MN

Administrative and Support Services

About the position

The Product Configuration Analyst position is a critical role within the Actuarial department, specifically focusing on the Product Configuration team. This team is tasked with implementing complex calculations in the policy administration system, particularly within the ALIP (Accenture Life Insurance & Annuity Platform) system. As a Product Configuration Analyst, you will play a vital role in collaborating with both business and IT teams to design, build, test, implement, and maintain essential processes that configure insurance and annuity products. This position requires a deep understanding of the intricacies involved in insurance and annuity products, as well as the ability to translate product specifications into actionable system designs, rules, and logic that adhere to best practices and standards. In this role, you will be expected to solve complex problems while considering the business functionality, sustainability, and scalability of the solutions you propose. You will regularly review implementation solutions with key stakeholders and troubleshoot, debug, and resolve issues that arise in both lower and production environments. Your expertise will be crucial in providing subject matter knowledge on system functionality to various stakeholders, and you will be responsible for assessing and developing process improvements within and around the applicable systems. Additionally, you will work within an Agile environment that emphasizes product delivery, requiring effective communication with teams, third-party vendors, and stakeholders to enhance turnaround time and efficiency. Overall, this position is designed for individuals who are not only technically proficient but also possess strong analytical skills and the ability to work collaboratively in a fast-paced environment. Your contributions will directly impact the efficiency and effectiveness of the product configuration processes, making this a rewarding opportunity for those looking to advance their careers in the actuarial and insurance fields.

Responsibilities

• Develop an in-depth understanding of complex insurance and annuity product features and requirements.
• Translate product specifications into ALIP system design, rules, and logic, ensuring adherence to best practices and standards.
• Solve complex problems while considering business functionality, sustainability, and scalability of solutions.
• Review implementation solutions with key stakeholders.
• Troubleshoot, debug, and resolve issues in lower and production environments.
• Provide subject matter expertise on system functionality to stakeholders.
• Regularly assess and develop process improvements within and around applicable systems.
• Develop product expertise across all lines of business.
• Work within an Agile environment focused on product delivery.
• Communicate effectively with teams, third-party vendors, and stakeholders to improve turnaround time and efficiency.

Requirements

• Understanding of life and annuity product rules and business processes.
• Experience with life and annuities product development using a policy administration system; ALIP Product Configuration experience is preferred.
• Basic knowledge of SQL databases and ability to write simple queries.
• Advocate for Agile practices and culture.
• Four-year degree in a technical discipline, engineering, business, actuarial science, mathematics, physics, economics, or a related field; or equivalent experience.

Nice-to-haves

• Technology, business, and project management certifications preferred.