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Full-Time

Senior Life Insurance Technical Business Analyst

Posted on 9/10/2024

Ethos Life

Ethos Life

501-1,000 employees

Online life insurance with no medical exams

Financial Services

Compensation Overview

$114k - $190kAnnually

+ Bonus + Equity + Benefits

Senior, Expert

Remote in USA

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Communications
Requirements
  • Bachelor’s degree in Business Administration, Information Technology, or a related field. A master’s degree is preferred.
  • 7+ years of experience in business analysis, workflow standardization, or data governance within the life insurance industry, with at least 3 years in a senior or leadership role.
  • Extensive experience working with insurance carriers to align business processes and logic with industry standards.
  • Proven track record of leading workflow standardization and documentation projects, particularly in life insurance operations.
  • Deep understanding of life insurance industry practices, including policy activation, administration, and data governance.
  • Strong analytical and problem-solving skills with the ability to identify and resolve complex issues in workflow management and data processes.
  • Exceptional written and verbal communication skills, with the ability to translate complex business logic into clear and understandable documentation.
  • Proficiency in using workflow management and documentation tools, as well as data governance platforms.
  • Leadership and mentoring abilities, with a focus on driving operational excellence and continuous improvement.
Responsibilities
  • Lead the development and standardization of policy activation and administration workflows, ensuring they are clearly defined and aligned with industry best practices.
  • Collaborate with insurance carriers to map business logic, applications, data flows, and accounting processes, ensuring consistency and accuracy in all operational areas.
  • Document and maintain a comprehensive repository of standardized workflows and business logic, ensuring all stakeholders have access to clear and up-to-date information.
  • Ensure that data integration, accounting, and operational processes meet both organizational and carrier standards, reducing discrepancies and enhancing operational efficiency.
  • Develop and enforce standards for data governance within life insurance operations, ensuring that all data flows and processes are accurate, consistent, and compliant with industry regulations.
  • Engage with cross-functional teams, including product, engineering, underwriting, claims, and actuarial, to ensure that workflows and business logic are understood and properly implemented across the organization.
  • Lead workshops and strategic meetings to discuss and finalize workflow standardization efforts, ensuring alignment across all business units.
  • Lead initiatives to continuously improve and innovate workflow standardization and data governance practices, leveraging new tools and technologies as appropriate.

Ethos Life provides life insurance solutions through a fully online platform, making it easier for individuals and families to obtain coverage without the need for medical exams. The application process is streamlined, allowing potential clients to receive instant quotes and often get approved within minutes by answering specific health and lifestyle questions. This approach contrasts with traditional life insurance methods, which can be lengthy and cumbersome. Ethos Life sells term and whole life insurance policies through partner carriers and earns commissions on these sales. Additionally, the company offers complimentary estate planning tools, such as free wills, to enhance the customer experience and set itself apart from competitors. The goal of Ethos Life is to provide straightforward and affordable life insurance options while simplifying the overall process for its customers.

Company Stage

Series D

Total Funding

$224.4M

Headquarters

Austin, Texas

Founded

2016

Growth & Insights
Headcount

6 month growth

6%

1 year growth

14%

2 year growth

8%
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Simplify's Take

What believers are saying

  • Ethos Life's tech-driven model allows for quick approvals, making it highly attractive to customers seeking convenience and speed.
  • Partnerships with established entities like Ameritas and AIP Marketing Alliance expand Ethos Life's product range and distribution channels, enhancing market reach.
  • The company's focus on providing affordable rates and a hassle-free experience can attract a broad customer base, driving growth.

What critics are saying

  • Recent layoffs and the departure of key executives like the CFO could indicate internal instability and affect employee morale.
  • The class action lawsuit under Illinois genetic information privacy law could result in legal and financial repercussions.

What makes Ethos Life unique

  • Ethos Life offers a fully online application process, eliminating the need for medical exams, which sets it apart from traditional life insurance providers.
  • The company provides complimentary estate planning tools, such as free wills and estate plans, adding value beyond standard life insurance offerings.
  • Ethos Life's partnership with Ameritas to offer an indexed universal life product exclusively through its platform highlights its innovative approach to product offerings.
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