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Product Inforce Analyst | Analyst in Other Job Job at Silac Insurance Company in Salt Lake City UT1

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Product Inforce Analyst

Location:
Salt Lake City, UT
Description:

Headquartered in Salt Lake City, Utah, SILAC Insurance Company is one of the fastest growing insurance companies in the nation and continues to be a top contender in the industry. SILAC offers industry leading annuity products that helps individuals prepare for retirement. Teams can align around a shared vision of providing clean, simple & competitive products for clients, delivering best-in-class service to agents & business partners, and propelling the success of our employees. With a fast-growing team of more than 300 employees, we are committed to remain adaptable, innovative, and trustworthy for our clients, agents, and employees. We hold true to our core values: Adaptability & Continuous Improvement, Transparency & Trust, Honesty & Integrity, Teamwork & Collaboration, and Gratitude & Compassion. At SILAC Insurance Company, we welcome and encourage diversity and are dedicated to creating an environment and culture that is respectful and inclusive for everyone. Since 2016, we have received numerous regional and national awards for our products, business, and workplace culture. To name a few: Regional Top Workplace Award for 2016, 2017, 2020, & 2021. National Top Workplace Award for 2022 & 2023. Top Workplace in Compensation & Benefits, Leadership, & Finance Industry. WINK 2019 Trailblazer Award. S&P Global Market Intelligence 2020 - 3rd Fastest Growing Life Insurance Company. Starting Pay Rate: $75,000Schedule Type: In-Office, Hybrid, Remote SILAC Insurance Company provide an extensive variety of benefits that includes: Medical, Dental, Vision, Health/Flexible Savings Account, 401(k) & ROTH, Pet Insurance, Parental Leave, Paid Time off, 10 Paid Holidays, Birthday Pay, Paid Volunteer Time, Employee Assistance Program, and Tuition Reimbursement. Please inquire about more information about other benefits and perk offerings. Responsibilities: A Product Inforce Analyst ready to make an impact by calculating and coordinating reinsurance settlements with various Annuity, Life, and Health reinsurers. There are multiple opportunities to enhance financial procedures and calculations. This position will work closely with the Annuity Product Development Team at SILAC. Individuals in this role will have the opportunity to work with multiple departments and gain experience in a fast-paced, collaborative team environment. You will need to understand Annuities, as well as be familiar with Life & Health Reinsurance treaties and implement contractual agreements into monthly settlements. Additionally, manage and generate product experience data for financial and regulatory reporting. Reconcile Annuity, Life, and Health data and ensure claim and premium trends are accurate and consistent. Support the creation of automated financial analysis reports as well as maintain existing analysis reports. Assist in communication with reinsurance partners, auditors, consultants, and regulatory-agency personnel when necessary. Report to and perform other work or projects as directed by the Management. Requirements: Extensive knowledge of Microsoft Excel. Detail-oriented with ability to be accurate and complete tasks correctly. Ability to plan, prioritize, and meet time standards. Ability to research inconsistencies and errors then identify and resolve. Ability to manipulate and comprehend large amounts of data and complex calculations. Ability to work in a team as well as independently. Ability to communicate professionally and effectively. Experience with Individual Life and Health lines of insurance business. Knowledge of Annuities and their structures. Bachelor's degree in Finance, Accounting, Economics, Actuarial Science, or related field. 3-5 years' work experience in finance or accounting for an insurance company preferred; or any combination of education, professional training, or work experience that demonstrates ability to perform the job. At SILAC Insurance Company, our core values are not just a requirement, they are a standard by which we live by. These values are incorporated every day, whether we are discussing ideas for new projects and procedures, finding a resolution for a customer's problem, or recruiting new talent. It is just one of the many things that make SILAC Insurance Company a Top Workplace. We celebrate a diverse and inclusive work environment, where we honor and support varying backgrounds, beliefs, and perspectives for the benefit of our business, including our employees and products. We are proud to be an equal opportunity workplace and strives to be a place where every employee feels they belong. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know. Job Posted by ApplicantPro
Company:
Silac Insurance Company
Posted:
December 26 2023 on ApplicantPro
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More About this Listing: Product Inforce Analyst
Product Inforce Analyst is a Other Jobs Analyst Job at Silac Insurance Company located in Salt Lake City UT. Find other listings like Product Inforce Analyst by searching Oodle for Other Jobs Analyst Jobs.