Business Analyst Life Insurance (Term & Final Expense)

Business Analyst Life Insurance (Term & Final Expense)

Location - Frederick MD ( Onsite)

Job Description :

We are seeking a Business Analyst with strong experience in Life Insurance, specifically Term Life and Final Expense (FE) products. The ideal candidate will serve as a key liaison between Business, Actuarial, and Technology teams to gather requirements, translate business needs into system specifications, and support endtoend policy lifecycle initiatives while enabling digital transformation.

Key Responsibilities

• Gather, analyze, and document business requirements across underwriting, policy issuance, and servicing workflows
• Collaborate with actuarial teams to translate product rules, pricing, and risk factors into system requirements
• Work closely with product, engineering, and UX teams to deliver customer-centric digital experiences, act as the bridge between Product, Business, and Technology
• Create and manage user stories, acceptance criteria, and backlogs in JIRA
• Maintain clear and structured documentation in Confluence
• Facilitate workshops, stakeholder meetings, and requirement walkthroughs
• Support UAT, validate business scenarios, and ensure alignment with expected outcomes
• Identify process improvement opportunities to drive efficiency and reduce cycle time

Required Skillset

• Strong, hands-on experience with Final Expense (FE) products, including:
• Guaranteed eligibility rules, graded benefits, and waiting period logic
• Face amount limits, age bands, and underwriting tiers
• Premium calculation factors and rate class variations
• Application flows, disclosures, and replacement considerations
• Guaranteed Issue and Simplified Issue product structures
• Solid understanding of Term Life products and underwriting processes
• Experience working with actuarial concepts, including mortality assumptions, pricing inputs, and rule implementation
• Ability to translate FE product design into system requirements, decision rules, and workflows
• Hands-on experience with JIRA (user stories, backlog management) and Confluence (documentation)
• Strong expertise in requirements gathering, process mapping, and stakeholder management
• Experience supporting UAT for FE scenarios, including edge cases (e.g., eligibility exceptions, payment handling, policy activation conditions)
• Strong communication skills with ability to simplify complex insurance and actuarial concepts
• Experience working in Agile/Scrum environments with strong stakeholder collaboration