Falcon Smart IT (FalconSmartIT)

Compensation

Full Description

Job Title: Product Owner with MDM Actuarial Location: NJ/NY Job Type: FTE Job Description : We are seeking a highly experienced and strategic Product Owner to lead the development of our actuarial and master data management (MDM) products within the Property & Casualty (P&C) insurance domain. The ideal candidate will have deep domain expertise in P&C insurance and a strong background in both actuarial science and MDM. This role requires bridging the gap between business stakeholders, actuarial teams, data engineers, and development teams to define, prioritize, and deliver high-value, data-centric insurance solutions. Responsibilities • Product Vision & Strategy: Define and own the product vision, strategy, and roadmap for MDM and actuarial systems, ensuring alignment with overall business objectives and regulatory requirements. • Backlog Management: Own and prioritize the product backlog based on business value, technical feasibility, and customer needs. Translate high-level business requirements into clear, concise user stories with detailed acceptance criteria. • Stakeholder Collaboration: Serve as the primary liaison between actuarial, underwriting, data engineering, and business stakeholders. Communicate complex concepts and trade-offs effectively to all levels of the organization. • Actuarial Support: Partner with actuarial teams to understand their business needs for data and translate them into actionable technical requirements for development teams. Support the creation of complex financial and risk models. • Data Governance & Quality: Champion data governance best practices and MDM frameworks. Drive data quality, metadata management, and data lineage initiatives to ensure the integrity and reliability of data used in actuarial models and business decisions. • Agile Leadership: Lead Agile ceremonies, including sprint planning, backlog refinement, and sprint reviews. Provide guidance and clarification to the development team throughout the product lifecycle. • Testing & Delivery: Support user acceptance testing (UAT), production rollout, and feature validation. Ensure that delivered product increments meet customer expectations and add measurable value. • Market Analysis: Stay current on P&C industry trends, regulatory changes, actuarial practices, and emerging technologies like AI/analytics to inform product decisions. Qualifications • Experience: • Minimum of 8+ years of experience as a Product Owner or Business Analyst within the P&C insurance industry, with proven backlog ownership. • Strong, hands-on experience with Master Data Management (MDM) and actuarial systems or processes. • Hands-on experience with P&C insurance products across personal, commercial, and specialty lines. • Skills: • Expertise in Agile methodologies (Scrum, SAFe). • Deep understanding of the P&C insurance data landscape, regulatory requirements, and actuarial workflows. • Strong analytical, problem-solving, and decision-making skills. • Excellent communication and stakeholder management skills. • Familiarity with data platforms, data warehousing, business intelligence (BI) tools, and data integration (ETL) workflows.