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Product Development Analyst - Sammons Institutional Group

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Date: Jul 31, 2019

Location: West Des Moines, IA, US, 50266

Company: Sammons Financial Group

***This position may be filled at a higher level. 


Sammons® Financial Group’s (SFG) member companies offer some of today’s most sought after life insurance, annuity, and retirement planning products. Unlike most financial organizations, our companies are not publicly traded, which means we’re focused on long-term value rather than short-term earnings pressures. As a privately held company, our leaders and employees remain consistently focused on long-term growth, making decisions that allow us to deliver on our commitments to customers, distribution partners, our employees, and our communities. Individually, our companies provide value in the products and services they offer. Together we represent a history of strength and longevity. 


Here is what you can expect when you join SFG:

  • A Casual dress code which includes jeans. 
  • A rich company culture driven by private ownership and intentional leadership that inspires employees to engage in our healthy, high-performing and values based culture.
  • Healthy balance between work and personal lives.  Friday afternoons off all year long, competitive PTO and generous number of paid holidays. 
  • Great benefits including medical, dental, vision, wellness plan, charitable giving programs, education assistance… to name a few!
  • ESOP- A generous 100% company funded retirement plan. 


Here's what you can expect as the Product Development Analyst.  

You will provide technical support for the development, maintenance, and testing of product illustration software by creating calculation tools and test cases for Sammons Institutional Group. Responsible for research and analysis of policy information in order to address calculation issues on in-force policies.  Responsible for creating, maintaining, and using spreadsheet tools to address ad hoc calculation requests.  Support other product development initiatives as assigned.

  1. Review and develop thorough understanding of annuity product specifications in order to ensure accurate reflection of product features in illustration software
  2. Utilizing spreadsheets, accountable for developing calculation tools to be used both internally and by outside vendors to develop and test illustration software.
  3. Develop test cases to be used internally and by outside vendor to ensure all product features are accurately coded in illustration software.
  4. Create, maintain, and enhance calculation spreadsheets used to validate or supplement product-related or system-generated values.  Utilizing spreadsheets, accountable for detailed and complex manual calculations to provide product and policy support to other departments.
  5. Automate departmental procedures to improve efficiency and accuracy.
  6. Provide product and other technical support to other departments by researching and responding to questions, calculations, or problems encountered in areas of the company; communicate appropriate explanations and solutions based on analysis and understanding of the complex components involved.
  7. Participate in and/or complete special projects as necessary to support Product Development initiatives, which may include analyzing and summarizing data or generating reports.
  8. Participate as a representative of Product Development during relevant project meetings.
  9. Develop and maintain effective working relationships with key stakeholders across the organization, which may include other actuaries, marketing, and IT, as well as outside vendors.
  10. As stated within the Company Attendance and Punctuality policy, regular attendance is required and expected in order to meet the business service levels and workflow demands



    • Bachelor’s Degree in Mathematics, Computer Science, Business or equivalent, preferred
    • 2-3 years of practical work experience in illustration system support or background in annuities is strongly preferred
    • Possess a high level of mathematical ability and strong analytical skills and demonstrate attention to detail
    • Demonstrated strong systems skills with experience in Excel, Access, and Word and ability to read, interpret, and edit Macros and Visual Basic
    • Possess strong written and verbal communication skills
    • Highly motivated to learn about SFG member company products, procedures, and operations
    • Possess ability to research problems or questions and provide responses to the requestor
    • Ability to work both individually and as part of a team
    • Demonstrate strong problem solving skills and ability to multi-task
    • Ability to work effectively  across teams and contribute to the success of the organization outside of the individual team/department
    • Commitment to embrace SFG shared values (Respect, Accountability, Integrity, Openness)
    • Self-motivated, and ability to work independently and effectively under deadline pressures


Nearest Major Market: Des Moines

Job Segment: Accounting, Finance