Insurance Rating Tester

Job Title: Insurance Rating Tester

Location: Hartford CT (Hybrid)

Hire Mode: CTH

Primary Skills: Insurance Rating

Job Description

• The Rating Test Specialist is responsible for validating insurance rating logic premium calculations and pricing rules across policy lifecycle transactions.
• Validate rate tables rating algorithms and underwriting rules across new business renewals endorsements cancellations and rewrites.
• Perform premium calculation testing including base rate modifiers discounts surcharges taxes and fees.
• Analyze rate filings actuarial specifications and business rule documents to derive comprehensive test scenarios.
• Execute functional and data driven testing to validate rating logic against approved rate books and filings.
• Verify state jurisdiction specific rules regulatory compliance and effective dated rate changes.
• Conduct regression testing for rate changes product launches and system upgrades
• Perform negative and boundary testing for rating exceptions edge cases and overrides
• Collaborate with Actuarial Product Underwriting and Development teams to clarify rating logic and resolve defects
• Log track and validate defects related to pricing discrepancies using defect management tools
• Support UAT and production validation PPV for rate changes and releases
• Contribute to test estimation test planning and rate test coverage reporting
• Required Skills Experience
• Strong experience in Insurance Rate Rating Testing PC preferred LifeAnnuities acceptable.
• Handson knowledge of rating engines and pricing logic e.g. Guidewire Rating Duck Creek Rating proprietary engines
• Strong understanding of insurance policy lifecycle and pricing constructs
• Ability to interpret rate filings actuarial documents and product specs
• Experience with SQL data validation to verify premium calculations and rating outputs

Testing Skills

• Expertise in functional regression and data validation testing
• Experience creating rate matrices test scenarios and calculation worksheets
• Familiarity with Agile SAFe delivery models