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Life Insurance Analyst Jobs in Texas (NOW HIRING)

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Life Insurance Analyst information

How much does a life insurance analyst make?

A life insurance analyst typically earns a median annual salary of around $60,000 to $80,000, depending on experience, location, and employer size. Entry-level analysts may start lower, while experienced professionals with certifications can earn higher salaries. The role often requires strong analytical skills and knowledge of insurance products and regulations.

What are some common challenges faced by life insurance analysts when evaluating complex policies?

Life Insurance Analysts often encounter challenges when assessing policies with unique riders, variable benefits, or non-standard underwriting criteria. Interpreting policy language, ensuring compliance with regulatory standards, and accurately evaluating risk profiles can be demanding, especially when working with incomplete or ambiguous information. Collaboration with underwriters, actuaries, and legal teams is frequently necessary to resolve complexities, making strong communication and analytical skills essential for success in this role.

What is the difference between Life Insurance Analyst vs Actuary?

AspectLife Insurance AnalystActuary
Required CredentialsBachelor's degree, possibly some actuarial examsBachelor's degree, professional actuarial certifications (e.g., ASA, FSA)
Work EnvironmentInsurance companies, consulting firms, financial institutionsInsurance companies, consulting firms, government agencies
Job FocusAnalyzing policy data, risk assessment, financial modelingCalculating probabilities, setting premiums, reserving, risk modeling

While both roles involve analyzing insurance data, Life Insurance Analysts focus on policy analysis and financial modeling, whereas Actuaries perform complex risk calculations and premium setting using advanced statistical methods. Both roles require strong analytical skills and familiarity with insurance products, but Actuaries typically hold professional certifications and engage in more specialized risk assessment tasks.

What does a life insurance analyst do?

A Life Insurance Analyst is responsible for evaluating life insurance policies, reviewing applications, and assessing risk to determine appropriate coverage and premiums. They analyze financial and medical information to ensure compliance with regulations and company policies. Their work helps both insurance companies and clients make informed decisions about life insurance products and coverage options.

What are the key skills and qualifications needed to thrive as a life insurance analyst?

To thrive as a Life Insurance Analyst, you need strong analytical skills, attention to detail, and a solid understanding of insurance principles, typically supported by a degree in finance, business, or a related field. Proficiency in data analysis tools, insurance management systems, and knowledge of regulatory compliance, as well as certifications like FLMI, are often required. Excellent communication, critical thinking, and problem-solving skills help analysts interpret complex data and explain findings to clients or stakeholders. These skills ensure accurate risk assessment, compliance, and effective policy recommendations within the insurance industry.
What cities in Texas are hiring for Life Insurance Analyst jobs? Cities in Texas with the most Life Insurance Analyst job openings:
Infographic showing various Life Insurance Analyst job openings in Texas as of July 2026, with employment types broken down into 1% As Needed, 74% Full Time, 21% Part Time, and 4% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution.

Life Insurance Product Systems Analyst

Optimum Life Reinsurance

Dallas, TX โ€ข On-site

$50K - $57K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 days ago


Job description

The Life Reinsurance Product Systems Analyst will work with manager and team members to perform system setup duties and technical coordination duties as outlined below. This role works closely with other departments to gather pertinent information needed for the completion of tasks. Assists in the day-to-day responsibilities related to the successful completion of policy extensions.

System Treaty Administration:

  • Analyze quote and accurately interpret legal treaty requirements to create and/or revise system treaties including the mapping of insurance plans and the setup of products in the administration system to ensure accurate processing.
  • Participate in testing the accuracy of the system treaties.
  • Document and explain product features within the administration system so that it is easily understood by users of the administration system across the company.
  • Promptly address internal client’s questions/issues related to system treaty requirements, adhering to any established time service requirements.
  • Assist in researching and problem-solving administration processing issues related to system treaty setup.
  • Complete system treaty assignment logs, ensuring timely and accurate entries for internal audit.

Electronic File Processing:

  • Assist in developing IT requirements for new and existing file automation. Test and validate the automation to ensure accurate implementation.
  • Communicates data requirements with internal clients.
  • Review technical procedure documentation for creating and maintaining automated processing.
  • Verify integrity of external client data comparing it to reinsurance source documents.

Administration Department Support:

  • Support the Organization & Account definitions in the administration system to ensure accuracy and consistency with the Legal Treaty department.
  • Assist with other Administration Division duties as needed or assigned.

Knowledge, Skills and Abilities:

  • Analytical, with strong technical skills and ability to apply logic and reasoning.
  • Capable of managing diverse requests from various sources while maintaining quality results.
  • Strong organizational and follow up skills.
  • At ease managing large Microsoft Excel files, scripting, validation and automation.
  • Comfortable with interacting & communicating with all levels of internal business partners.
  • Strong organizational and follow up skills.

Qualifications:

  • Associates degree or equivalent work experience
  • LOMA certification AMLI and ARA preferred.
  • 2-3 years of relevant office experience

Company Description

Our employees give Optimum its distinctive edge through the value of their contribution and the quality of the relationships they develop and build with clients. Since 1987, their competence, vision and loyalty help drive our company's performance and stability.

Optimum Re Insurance Company provides an excellent benefits package to its employees here are a few items:
⦁ Medical, Dental & Vision insurance
⦁ Vacation, Personal, Sick time off
⦁ 11 paid Holidays
⦁ 401K Plan with 100% employer contribution
⦁ Short term & Long term disability
⦁ FSA Accounts
⦁ EAP resources
⦁ Continuing Education
⦁ Transportation Benefit
⦁ Legal Resources
⦁ Travel Insurance
⦁ Social & Philanthropy Events
⦁ Life & Accidental Insurance
⦁ Employee Discounts
⦁ Tuition Reimbursement
⦁ Gym Reimbursement
⦁ Volunteer Paid Hours