Life Insurance Financial Analyst

Higginbotham Financial, A Higginbotham Partner, has an immediate opening for a Life Insurance Financial Analyst. This position is a hybrid/remote role. The ideal candidate is willing and able to commute to either the Irvine, Los Angeles, office for occasional meetings as needed.

Higginbotham Financial is part of Higginbotham, one of the nation’s largest independent insurance & financial services firms trusted by thousands of businesses, individuals, and families. Higginbotham provides a single source solution for insurance, financial & HR services through a unified group of regional offices with global capabilities. As a Higginbotham Company, Higginbotham Financial offers all the resources that differentiate the group, paired with the personal service that further distinguishes us.

The Role: We are seeking a skilled, highly motivated, and detail-oriented Life Insurance Financial Analyst. In this role, you will be instrumental in analyzing and interpreting financial data specific to life insurance products, contributing valuable insights to drive strategic decision-making for clients with those products and enhance the financial performance of our life insurance portfolio. If you are a dedicated and analytical professional with a passion for life insurance and financial modeling and analysis, we invite you to apply for this exciting opportunity to contribute to the success of our life insurance business.

Day-to-day Responsibilities:

Financial Analysis for Life Insurance Products:

• Conduct comprehensive financial analysis of life insurance policies, focusing on premiums, cash values, indexing rates, riders, surrender charges and carrier specific investment options.
• Evaluate the past performance of different life insurance products and recommend adjustments to the investments within as needed.
• Create and utilize statistical models to assess assumptions and risk exposure in financed life insurance strategies.

Mortality and Longevity Risk Assessment:

• Analyze in-force mortality and longevity risk factors to enhance models and additional funding strategies.
• Collaborate with case management and sales teams to refine underwriting guidelines and assumptions related to life insurance policies.
• Monitor industry and carrier trends and regulatory changes affecting mortality and longevity risk.

Financial Modeling:

• Develop and maintain financial models to project premium contributions, cash value crediting rates, and performance enhancement riders for financed life insurance strategies.
• Assess the impact of interest rate changes and lending behavior on collateral projections and financial outcomes.
• Provide insights for product development and advise on prospective changes to investment strategy based on financial modeling results.

Reporting and Communication:

• Prepare detailed financial reports and presentations for internal agents and senior management.
• Clearly communicate financial insights, trends, and recommendations to non-finance related products.
• Collaborate with management to align financial goals with business objectives.

Regulatory Compliance:

• Ensure compliance with relevant regulations and accounting standards applicable to life insurance products.
• Assist in the preparation of reporting requirements and presentations and assist in responding to inquiries from agents and clients.

Qualifications:

• Proficiency in financial modeling and data analysis tools (Excel, VBA, SQL).
• Knowledge of mortality and longevity risk assessment methodologies.
• Excellent analytical, problem-solving, and critical-thinking skills.
• Effective communication skills, with the ability to convey complex financial concepts to diverse stakeholders.
• Detail-oriented with strong organizational and time-management skills.
• Familiarity with life insurance modeling and illustrations.

Experience and Education:

• Bachelor's degree or related experience in Finance, Actuarial Science, Mathematics, or a related field. Advanced degree or professional certifications (e.g., FSA, CFA) is a plus.
• 3 plus years of experience in financial analysis within the life insurance industry, with a strong understanding of actuarial principles and life insurance products.

Licensing and Credentials:

• Life and health license preferred, or willingness to get licensed if hired for the position.

Benefits & Compensation: 

• Higginbotham offers medical, dental, vision, prescription drug coverage, 401K, equity incentive plan as well as multiple supplemental benefits for physical, emotional, and financial wellbeing. 
• Employee Wellness Program 
• Company paid holidays, plus PTO 
• Salary: $90,000-$150,000.0 per year.

Core Competencies:

• Leadership: Display leadership skills and ability to motivate fellow employees (If applicable)
• Ability to Analyze and Solve Problems: Skill in recognizing challenges, exploring options, and implementing effective solutions in a timely manner
• Attention to Detail: A strong focus on completing tasks and projects accurately and thoroughly
• Communication Skills: Capable of expressing ideas clearly in both verbal and written forms and engaging with various audiences
• Timely Task Completion: Ability to finish tasks and projects efficiently, managing resources and priorities effectively
• Team Collaboration: Willingness to work together with others, promoting teamwork and supporting shared goals
• Client Focus: Dedication to understanding and addressing the needs of clients and stakeholders to ensure their satisfaction
• Dependability: Acknowledgment of the importance of being present and punctual
• Creative Thinking: Openness to suggesting new ideas and methods to improve processes and outcome
• Organizational Skills: Capability to prioritize tasks and manage multiple projects simultaneously
• Adaptability: Willingness to adjust to changing situations and priorities, showing resilience in a dynamic work environment

Physical Requirements:

• Ability to lift 25 pounds
• Repeated use of sight to read documents and computer screens
• Repeated use of hearing and speech to communicate on telephone and in person
• Repetitive hand movements, such as keyboarding, writing, 10-key
• Walking, bending, sitting, reaching and stretching in all directions

Notice to Recruiters and Staffing Agencies: To protect the interests of all parties, Higginbotham Insurance Agency, Inc., and our partners, will not accept unsolicited potential placements from any source other than directly from the candidate or a vendor partner under MSA with Higginbotham. Please do not contact or send unsolicited potential placements to our team members.