Product Configuration Consultant - Annuity Solutions
Full Time
Fort Wayne, IN
Posted
Job description
Date: Feb 23, 2023
Primary Location: Fort Wayne, IN, US
Company: Lincoln Financial
Alternate Locations: Greensboro, NC (North Carolina); Atlanta, GA (Georgia); Austin, TX (Texas); Bakersfield, CA (California); Baltimore, MD (Maryland); Baton Rouge, LA (Louisiana); Birmingham, AL (Alabama); Boise, ID (Idaho); Boston, MA (Massachusetts); Buffalo, NY (New York); Canonsburg, PA (Pennsylvania); Charlotte, NC (North Carolina); Chicago, IL (Illinois); Cincinnati, OH (Ohio); Clearwater, FL (Florida); Cleveland, OH (Ohio); Columbia, SC (South Carolina); Columbus, OH (Ohio); Concord, NH (New Hampshire); Dallas, TX (Texas); Deerfield Beach, FL (Florida); Denver, CO (Colorado); Detroit, MI (Michigan); Dover, NH (New Hampshire); Durham, NC (North Carolina); Edina, MN (Minnesota); Edison, NJ (New Jersey); El Paso, TX (Texas); Ellicott City, MD (Maryland); Fayetteville, SC (South Carolina); Florence, SC (South Carolina); Fort Lauderdale, FL (Florida); Fort Wayne, IN (Indiana); Fort Worth, TX (Texas); Gainsville, FL (Florida); Glen Allen, VA (Virginia); Glendale, CA (California); Greenwood Village, CO (Colorado); Hartford, CT (Connecticut); Houston, TX (Texas); Huntsville, AL (Alabama); Indianapolis, IN (Indiana); Irvine, CA (California); Jacksonville, FL (Florida); Johnson City, TN (Tennessee); Kansas City, KS (Kansas); Kansas City, MO (Missouri); La Jolla, CA (California); Lexington, KY (Kentucky); Los Angeles, CA (California); Louisville, KY (Kentucky); Lutherville, MD (Maryland); Madison, WI (Wisconsin); Memphis, TN (Tennessee); Miami, FL (Florida); Milwaukee, WI (Wisconsin); Minneapolis, MN (Minnesota); Nashville, TN (Tennessee); New Braunfels, TX (Texas); New York, NY (New York); None; Norwood, OH (Ohio); Omaha, NE (Nebraska); Orlando, FL (Florida); Palm Desert, CA (California); Paramus, NJ (New Jersey); Parsippany, NJ (New Jersey); Philadelphia, PA (Pennsylvania); Phoenix, AZ (Arizona); Pittsburgh, PA (Pennsylvania); Plano, TX (Texas); Plymouth Meeting, PA (Pennsylvania); Portland, ME (Maine); Portland, OR (Oregon); Provo-Orem, UT (Utah); Radnor, PA (Pennsylvania); Raleigh, NC (North Carolina); Richmond, VA (Virginia); Rochester, NY (New York); Rockville, MD (Maryland); Rolling Meadows, IL (Illinois); Rye Brook, NY (New York); Sacramento, CA (California); Salt Lake City, UT (Utah); San Antonio, TX (Texas); San Antonio, TX (Texas); San Diego, CA (California); San Francisco, CA (California); San Ramon, CA (California); Schaumburg, IL (Illinois); Scottsdale, AZ (Arizona); Seattle, WA (Washington); Southfield, MI (Michigan); St. Louis, MO (Missouri); St. Petersburg, FL (Florida); Syosset, NY (New York); Tampa, FL (Florida); Toledo, OH (Ohio); Tucson, AZ (Arizona); Tupelo, MS (Mississippi); US All Regions; US Midwest; US Northeast; US Southeast; US Southwest; US West; Vienna, VA (Virginia); Virginia Beach, VA (Virginia); Walnut Creek, CA (California); Washington, DC (District of Columbia); Westlake Village, CA (California); White Plains, NY (New York); Windsor, CT (Connecticut); Woodmere, OH (Ohio); Work from Home
Work Arrangement:
Hybrid/Flexible : Work at home and use the office as appropriate for in-person collaboration.
Relocation assistance: is not available for this opportunity.
Hiring Manager: Amy Nelson
Requisition #: 71103
The Role at a Glance
As a Product Configuration Consultant, you will act as a resource and support on moderately complex projects/initiatives related to the configuration of insurance/annuity products in applicable system(s) from implementation through periodic product changes & updates. In this role you will collaborate with product & actuarial teams and other stakeholders to understand product design as well as to provide input on system functionality to accommodate product requirements. #LI-REMOTE
What you'll be doing
- Collaborates closely with product teams to develop in-depth understanding of moderately complex insurance/annuity product features & requirements and determine appropriate approach to configure and implement product in applicable system(s).
- Participates in and facilitates discussions with insurance/annuity product teams regarding business functionality and/or product logic.
- Identifies gaps between product requirements and system solutions; proposes ideas to address these issues.
- Leads detailed discussions with product & actuarial resources regarding setup and processing of moderately complex calculations & product logic within applicable system(s).
- Acts as a resource to internal/external stakeholders on system functionality for various aspects of insurance/annuity products.
- Analyzes and translates moderately complex product features into detailed, functional specifications for multiple system solutions.
- Configures moderately complex calculations and other product logic for insurance/annuity products in applicable system(s); reconfigures as needed based on product changes and/or business feedback.
- Contributes to development of testing plans, conducts testing leveraging automated testing functionality within applicable system(s).
- Liaises with testing resources to ensure calculations & product logic function as per specifications; discusses options to resolve defects uncovered during testing.
- Contributes to overall product implementation by developing product configuration project plans, including estimate time frames, resources required, and potential system impacts & other risks.
- Regularly assesses progress against plan; provides status updates to management and other stakeholders; re-forecasts project steps/variables as necessary throughout project.
- Recommends improvements to product configuration processes to fully utilize functionality and flexibility of system(s).
- Partners with IT systems resources, engages in dialogue throughout the product development process, and negotiates solutions acceptable to all parties whenever feasible.
- Supports agile adoption in product configuration by participating and engaging with leadership, product development, and agile teams.
- Carries out duties in compliance with all state and federal regulations and guidelines. Complies with all company and site policies and procedures.
- Remains current in profession and industry trends.
- Makes a positive contribution as demonstrated by making suggestions for improvement and continuing to learn new skills, procedures, and processes
- Performs other duties as required.
What we’re looking for
Must-haves:
- 3 - 5+ years of experience in the insurance and/or financial services industry directly aligned to the specific responsibilities for this role
- 4 Year/Bachelor’s degree or 4 years equivalent work experience in lieu of Bachelor’s
- Confident, comfortable communicator with strong written and verbal communication skills.
- Ability to work with others in a team environment.
- Demonstrated strong relationship management skills with internal clients (e.g. management, peers and colleagues); proven ability to develop collaborative approaches.
- Demonstrates ability to identify and recommend processes improvements.
- Demonstrates the ability to use sound judgment and discretion regarding confidential information.
- Demonstrates excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail.
- Strong project management skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
- Experience working with IT areas and/or agile methodology
- Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
- Strong Excel skills
Nice-to-haves:
- Proficiency in VBA is preferred
- Programming/modeling skills preferred
- Actuarial or math background is preferred.
- Annuity product knowledge and general insurance/business knowledge is preferred
Level: P3
Pay Range: $65,700 - $118,300
Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln’s total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln’s standard benefits package.
Additional Information
This position may be subject to Lincoln’s Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln’s current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities. Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.
Lincoln Financial Group ("LFG") is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Opportunities throughout LFG are available to employees and applicants and are evaluated on the basis of job qualifications. We have a drug free work environment and we perform pre-employment substance abuse testing.
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