The Rate Testing Specialist is responsible for validating insurance rating logic premium calculations and pricing rules across policy lifecycle transactions.
Validate rate tables rating algorithms and underwriting rules across new business renewals endorsements cancellations and rewrites.
Perform premium calculation testing including base rate modifiers discounts surcharges taxes and fees.
Analyze rate filings actuarial specifications and business rule documents to derive comprehensive test scenarios.
Execute functional and data driven testing to validate rating logic against approved rate books and filings.
Verify state jurisdiction specific rules regulatory compliance and effective dated rate changes.
Conduct regression testing for rate changes product launches and system upgrades
Perform negative and boundary testing for rating exceptions edge cases and overrides
Collaborate with Actuarial Product Underwriting and Development teams to clarify rating logic and resolve defects
Log track and validate defects related to pricing discrepancies using defect management tools
Support UAT and production validation PPV for rate changes and releases
Contribute to test estimation test planning and rate test coverage reporting
Required Skills Experience
Strong experience in Insurance Rate Rating Testing PC preferred LifeAnnuities acceptable.
Handson knowledge of rating engines and pricing logic e.g. Guidewire Rating Duck Creek Rating proprietary engines
Strong understanding of insurance policy lifecycle and pricing constructs
Ability to interpret rate filings actuarial documents and product specs
Experience with SQL data validation to verify premium calculations and rating outputs
Testing Skills
Expertise in functional regression and data validation testing
Experience creating rate matrices test scenarios and calculation worksheets
Familiarity with Agile SAFe delivery models
Tools Technology
Test management defect tracking tools eg ALM Jira Azure DevOps
Databases Oracle SQL Server DB2
Excelbased premium calculators and reconciliation sheets
Mandatory Skills : Functional/System Testing, Rate, Insurance
Benefits/perks listed below may vary depending on the nature of your employment with LTIMindtree ( LTIM ):
Benefits and Perks:
- Comprehensive Medical Plan Covering Medical, Dental, Vision
- Short Term and Long-Term Disability Coverage
- 401(k) Plan with Company match
- Life Insurance
- Vacation Time, Sick Leave, Paid Holidays
- Paid Paternity and Maternity Leave
The range displayed on each job posting reflects the minimum and maximum salary target for the position across all US locations. Within the range, individual pay is determined by work location and job level and additional factors including job-related skills, experience, and relevant education or training. Depending on the position offered, other forms of compensation may be provided as part of overall compensation like an annual performance-based bonus, sales incentive pay and other forms of bonus or variable compensation.
Disclaimer: The compensation and benefits information provided herein is accurate as of the date of this posting.
LTIMindtree is an equal opportunity employer that is committed to diversity in the workplace. Our employment decisions are made without regard to race, color, creed, religion, sex (including pregnancy, childbirth or related medical conditions), gender identity or expression, national origin, ancestry, age, family-care status, veteran status, marital status, civil union status, domestic partnership status, military service, handicap or disability or history of handicap or disability, genetic information, atypical hereditary cellular or blood trait, union affiliation, affectional or sexual orientation or preference, or any other characteristic protected by applicable federal, state, or local law, except where such considerations are bona fide occupational qualifications permitted by law.
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