Analyst, Product Calculations
Group 1001

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001's culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets - our employees.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Summary:

This position is responsible for reviewing and updating policy benefit values on the existing annuity and life insurance block of business. The candidate will become a product expert on the entire suite of Delaware Life product features and will report to the Actuarial Director on the Product team. The candidate will also have visibility with other members of the Product team as well as the Operations function at the company.

Main Accountabilities:

• Perform manual calculations to review and, as necessary, update administrative system calculations on the suite of annuity and life insurance products.
  
• Update and maintain spreadsheets used to produce life insurance illustrations.
  
• Update rates and run COLI illustrations.
  
• Program in various languages to perform complex calculations, automate processes, and reduce operational risks.
  
• Identify, log, and resolve any discovered errors.
  
• Ensure that any changes are documented in compliance with change management guidelines.
  
• Participate in special projects as needed via daily use of Access, Excel, VBA, and other tools.
  

• Bachelor's degree, preferably in Actuarial Science, Math, Applied Math, Statistics or any closely related field.
  
• 1+ years of experience preferred.
  
• Experience using computer software, including Excel (with VBA).