Data Analyst, PRT Operations

Job Summary

This position will focus on analyzing data and creating reports to support F&G’s Pension Risk Transfer (PRT) onboarding and ongoing business operations.

This position will report to the AVP, PRT Data Administration, and will collaborate with internal and external business partners to ensure complete and accurate data.

Duties and Responsibilities

• Assist in all data-related aspects associated with all PRT transactions (new and existing).

• At AVP’s direction, perform the Company’s data quality procedures in onboarding customer data.
• Perform reconciliation of data used in pricing the transaction to production data.
• Reconciliation to account for all changes in data from pricing to production (e.g. deaths, date of birth changes, benefit changes, etc.).
• Present to management, client and the PRT broker all data changes and anomalies.
• Document changes in data, and ensure that it is properly onboarded to TPA’s administration system.
• Prepare Group Annuity Contract (“GAC”) premium true-up for new transactions.
• Prepare data reconciliation for AVP’s review.
• Provide reconciliation to the Pricing Team and answer any of their questions regarding data changes.
• Prepare and present analytics for the Pricing Team that support underlying mortality experience.
• Answer any client or PRT broker questions on the premium true-up.
• Prepare GAC exhibits based on premium true-up data.
• Prepare certificate data for TPA to produce customer certificates consistent with the premium true-up.
• Participate in day-to-day operations activities of the Third-Party Administrator
• Monitor block of business by analyzing data
• Maintain, enhance and document current reports.
• Proactively search and resolve data anomalies.
• Escalate to PRT management any unanswered data queries or unusual data elements.
• Provide ad-hoc support on data query requests.
• Prepare necessary data control processes, as directed, ensuring completeness and accuracy of TPA data, including but not limited to:
• Reconciliation of daily ledger feeds to TPA in force data.
• Reconciliation of in force records from period to period.
• Manage reconciling issues/questions with the TPA to ensure they are properly addressed and documented.
• Create procedures for new and existing data-related processes.
• Work with internal and external partners in development of necessary data feeds (e.g. unclaimed property, overpayment recoveries, general ledger updates, in force file updates).
• Work with the F&G IT team in the automation of all necessary data control processes.
• Prepare responses to audit inquiries from internal audit, external audit, and internal controls teams related to PRT.
• Assist in preparing data and answering questions from Corporate Actuarial and Finance, as directed.
• Provide support on Escheatment and Misstatement Processes, as needed.

Experience and Education Requirements

• Bachelor’s degree in data analytics, business, or related fields.
• Minimum of 1-3 experience in the insurance or annuity industry.
• Experience in SQL and complex SQL queries.
• Tableau experience, preferred.

Knowledge, Skills and Abilities

• Strong knowledge of Financial Services.
• Strong analytical, critical thinking and problem-solving skills.
• Advanced Microsoft Excel and Access knowledge and experience.
• Ability to summarize data into presentation material for leadership.
• Demonstrated ability to partner with teams outside of individual’s reporting lines.
• Strong communication skills (both written and verbal) with the ability to communicate messages to multiple audience levels.
• Ability to work individually and collaborate with a diverse and inclusive team exemplifying strong and proven leadership skills.
• Ability to maintain focus on key delivery timelines and deliver on those objectives.
• Process and transaction-oriented; proven ability to identify gaps in processes that could cause issues in the future
• High level of curiosity, open to new ideas and ways of doing business
• Ability to build effective working relationships and work collaboratively across F&G, TPAs and with new/existing clients.

Other Requirements

• Perform other functions, duties, and projects, as assigned
• Regular and punctual attendance
• Minimal travel required (less than 10%)

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Additional Information

Work Environments

F&G believes in an employee-centric flexible environment, which is why we offer the ability for in-office, hybrid and remote work arrangements. During the hiring process, you'll work with your leader to decide what works best for your role.

F&G complies with federal and state disability laws and makes reasonable accommodations for applicants and candidates with disabilities, unless such accommodation would cause an undue hardship for F&G.  If reasonable accommodation is needed to participate in the job application or interview process, please contact talentacquisition@fglife.com. 

Join our employee-centric hybrid work environment: F&G Careers

About F&G

Since 1959, Fidelity & Guaranty Life Insurance Company (F&G) has offered annuity and life insurance products to those who are seeking security in retirement and protection during life’s unexpected events.

As a national Top Workplace1, an Iowa Top Workplace2 and a proud equal opportunity employer, F&G team members are empowered, collaborative, dynamic and authentic. We believe that by embracing these values, we will continue to build and strengthen the company while continuing to be a great place to work.

1Top Workplaces USA 2022 – 2023

2Des Moines Register Top Workplaces 2018 – 2022

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