Job Details

Job Description:
Our client is seeking a Product Subject Matter Expert Actuary (SME Actuary) to support the successful conversion of life insurance products from a legacy policy administration system to a new policy administration platform. The SME Actuary will provide deep actuarial and product expertise to ensure product rules, calculations and historical behaviors are accurately understood, documented, tested and validated. The goal is to ensure policies perform correctly following conversion. This role focuses on standard life insurance and annuity products (term life, universal life, whole life and basic annuities), including specialized universal life features such as guideline premium testing under IRC Sections 7702 and 7702A, as well as CVAT product premium testing.

Responsibilities:

• Serve as the primary subject matter expert for assigned life insurance products, including riders.

• Interpret and document product rules across the policy lifecycle: premiums, benefits, charges, interest crediting, lapse behavior, nonforfeiture options and rider interactions.

• Analyze legacy system outputs and historical data to identify undocumented rules, inconsistencies or exceptions.

• Translate product rules and historical behaviors into clear, testable business requirements for system configuration and data conversion.

• Review and validate conversion mappings, assumptions, and transformation logic for accuracy.

• Collaborate with actuarial, accounting, and operations teams to resolve product-related questions and cross-functional impacts.

• Define and review test scenarios, including standard, boundary, and exception cases.

• Validate outputs between legacy systems and the new policy administration system.

• Identify discrepancies, recommend corrective actions and provide formal sign-off on product readiness for conversion phases.

• Proactively identify product risks, data gaps and dependencies affecting conversion accuracy or policyholder outcomes.

• Support defect triage by assessing business impact and prioritization.

• Escalate unresolved issues with clear documentation and actionable recommendations.

• Maintain thorough documentation of product rules, assumptions and decisions.

• Support training and knowledge transfer to post-conversion operational teams.

• Assist with post-conversion stabilization and issue resolution as needed.

Requirements:

• Bachelor’s degree in actuarial science, mathematics, statistics, finance, business or related field (or equivalent experience)

• ASA designation

• 7+ years of experience in life insurance product, actuarial, policy administration or insurance operations roles

• 5+ years of hands-on experience working with life insurance products across the policy lifecycle (issue, billing, in-force administration, changes, lapses, nonforfeiture, claims or conversions)

• Demonstrated ability to interpret and apply complex life insurance product rules and calculations

• Expertise in compliance with IRC Sections 7702 and 7702A, including Necessary Premium Testing

• Proven ability to analyze policy administration system outputs, identify discrepancies and explain root causes

• Experience supporting system implementations, conversions or major platform changes in an insurance environment

• Strong written and verbal communication skills to document decisions clearly and explain complex concepts to technical and non-technical stakeholders

Pay Range:
The anticipated pay range for this position is $85-$110 per hour, based on experience. We understand salary is an important factor in a job search, and we encourage you to apply even if you feel that your desired compensation may fall outside of the listed range. The final pay for this position is determined based on several factors including but not limited to, relevant experience, skills and certifications, education and training, geographic location, market conditions, and internal equity.
We are committed to finding the right candidate for this role and are open to discussing how your unique qualifications align with our needs.

Benefits:

• Medical insurance

• Dental insurance

• Vision insurance

• 401(k) retirement savings plan

Contact:
Morgan Falck
Life Insurance Recruiter
+1 (312) 884-0453
mfalck@jacobsongroup.com

Equal Opportunity Employer:
The Jacobson Group is committed to fostering an inclusive and equitable workplace that reflects the diverse communities we serve. We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status or any other protected characteristic as defined by applicable law. We believe that diversity of thought, background and experience strengthens our team and drives innovation. All employment decisions are based on qualifications, merit and business needs.
If you require a reasonable accommodation to complete the application process or participate in an interview, please contact us at HR@jacobsongroup.com or +1 (800) 466-1578 to make a request.

Refer a Colleague:
Do you know someone who would be interested in this project? Submit your referral directly by emailing the Jacobson contact listed above or submitting them through this form. If your referral is hired for a contract assignment and meets all other eligibility criteria, you will receive a referral bonus!