Business Operations Consultant - Saint Paul, United States - Securian

Description

Overview:

Institutional Retirement Solutions (IRS) delivers longevity and investment-related solutions within the retirement marketplace, including our Pension Risk Transfer (PRT) solution. PRT allows employers to transfer a portion of their company's defined benefit retirement plan to Securian through the purchase of a group annuity. This fast-paced, growing market aligns with our mission to build secure tomorrows for our customers.

This position is responsible for the execution of Institutional Retirement Solutions' PRT new business processes, including analysis of new opportunities and compiling and formatting data files to facilitate PRT bids. Upon sale, reconciles final data and develops onboarding files and materials to ensure seamless client transition. Partners with IRS new business team and actuarial team to achieve aggressive, fast-paced PRT sales goals. The position will also support other IRS product lines, as needed.

Responsibilities include but not limited to:

• New Business Analysis: Partners with other Business Operations Consultants to review bid objectives and data to evaluate new PRT business opportunities; leads underwriting discussions on a weekly basis with the operations team, actuarial partners and management to make final bid decisions within underwriting guidelines.
• Pricing Models: Responsible for analyzing, scrubbing and compiling data received from Intermediaries to create, maintain and modify actuarial pricing models for new PRT opportunities; partners with actuarial team. Corresponds directly with Intermediaries to clarify data questions.
• Client Onboarding: Works directly with the client and Intermediary to identify, analyze and resolve data discrepancies. Develops final data file and Welcome Kit mailing to onboard new clients and individual annuitants; works directly with the Benefits Distribution Center team, ALIP team, and the actuarial team to ensure tools and processes result in a seamless new client transition.
• Data Reconciliation: Performs post-sale data reconciliation; develops exhibits to summarize findings and supports communication of results by the Manager to PRT clients.
• Cross-train to support Business Operations Sr. Analyst work to provide bench strength and support during peak volumes; supports other IRS-related business processes as needed.

Qualifications:

• Successful track record in a four-year degree program in Actuarial Science, Statistics, Economics, Math, or Business or equivalent experience.
• Skilled in Microsoft Office Excel and Word; experience analyzing and manipulating data in Excel, to work with liability and pricing models and interact with actuaries as needed to enhance existing applications and develop new applications.
• Pension or PRT experience is preferred; pension expertise including a strong understanding of qualified defined benefit plans, understanding of institutional pension/retirement business and pension risk transfer.
• Proven project management skills to assure all tasks are identified and completed within tight deadlines. This includes organizational, planning and decision-making skills to manage multiple proposals and projects.
• Exceptional attention to detail.
• Ability to work independently and on a small client team.

Securian Financial provides hybrid work as an integral part of our culture. Associates get the benefit of both working from home and in our offices. If you're in a commutable distance (90 minutes) you'll join us 2-3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules. When working in our offices at least two days per week isn't feasible (vacations, illness, travel, etc.), an eight day per month standard is an option.

Physical Job Requirements:

• Ability to utilize the keyboard, computer and/or mouse for up to 8 hours per day.
• Ability to work at least 40 hours per week.
• Ability to utilize the phone and/or virtual meeting platform for 1-4 hours per day.

The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of jobs.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job - it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

• We want you to take time off for what matters most to you. During your first year of hire, you receive a prorated bank of personal days and vacation time depending on your month of hire.
• Leave programs: Securian's flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian's 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members - including spouses, domestic partners and children - are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

• Mental Wellness and Disability
• Pride at Securian Financial
• Securian Young Professionals Network
• Securian Multicultural Network
• Securian Women and Allies Network
• Servicemember Associate Resource Group

For more information regarding Securian's benefits, please review our .

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at , by telephone voice), or 711 (Relay/TTY).

To view our privacy statement click

To view our legal statement click