Product Configuration Specialist

3 days ago


Minneapolis, Minnesota, United States Allianz Full time

About Allianz Life

Allianz Life is a leading provider of life insurance and annuity products, driven by our mission to secure the future for our customers. Our innovative solutions help individuals protect their families and pursue their retirement goals.

Job Description

We are seeking a highly skilled Business Systems Analyst to join our Product Configuration team within the Actuarial department. As a key member of our team, you will work directly with business and IT teams to create, maintain, and enhance technical documentation for the ALIP system related to the configuration of insurance/annuity products.

Responsibilities

  1. Collaborate with developers to create, maintain, and enhance technical documentation for business systems and/or models essential to the successful completion of operational responsibilities and requiring integration of product design, administrative systems, and regulatory requirements.
  2. Consult with developers and testers to design and document testing strategies on new and existing products to mitigate future risk and triage defects.
  3. Develop in-depth understanding of complex insurance and annuity product features and requirements. Develop product expertise for all lines of business.
  4. Assist with training and development of individuals. Peer reviewer of other's work.
  5. Participate in key initiatives and special projects as assigned.
  6. Documentation of processes, analysis performed, and business systems built or modified.

Qualifications

  • Four-year degree in technical discipline, engineering, business, Actuarial science, mathematics, physics, economics, or related field; or equivalent work experience required.
  • Intermediate ability demonstrated in: Knowledge of annuity and life insurance product features and mechanics and their administration systems; Programming concepts; Knowledge of ACORD standards; Microsoft Excel functionality including Visual Basic for Applications; Data handling and analysis.
  • Understanding of life and annuities product rules and business processes.
  • Life and annuities product development experience with a Policy Administration System; ALIP Product Configuration is preferable.
  • Advocate of Agile practices and culture.

Compensation Package

The estimated annual salary for this position is between $120,000 and $150,000, depending on qualifications and experience. In addition to competitive pay, Allianz offers a comprehensive benefits package, including a choice of medical and dental plans, generous time off, and an outstanding 401(k) company match.



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