Working as part of the Consulting team, you will take part in engagements related to a wide range of topics. Some examples of domains in which you will support our clients include the following:
- Proficient in Individual and Group Life Insurance concepts, different type of Annuity products etc.
- Proficient in different insurance plans - Qualified/Non-Qualified Plans, IRA, Roth IRA, CRA, SEP, 401K
- Solid knowledge on the Policy Life cycle
- Illustrations/Quote/Rating
- New Business & Underwriting
- Policy Servicing and Administration
- Billing & Payment
- Claims Processing
- Disbursement (Systematic withdrawals, RMD, Surrenders)
- Regulatory Changes & Taxation
- Understanding of business rules of Pay-out
- Demonstrated ability of Insurance Company Operations like Nonforfeiture option/ Face amount increase, decrease/ CVATor GPT calculations /Dollar cost averaging and perform their respective transactions
- Understanding on upstream and downstream interfaces for policy lifecycle
Consulting Skills–
- Experience in creating business process map for future state architecture, creating WBS for overall conversion strategy, requirement refinement process in multi-vendor engagement.
- Worked on multiple Business transformation and modernization programs
- Conducted multiple Due-Diligence and Assessment projects as part of Transformation roadmaps to evaluate current state maturity, gaps in functionalities and COTs solution features
- Requirements Gathering, Elicitation –writing BRDs, FSDs. Conducting JAD sessions and Workshops to capture requirements and working close with Product Owner.
- Work with the client to define the most optimal future state operational process and related product configuration
- Define scope by providing innovative solutions and challenging all new client requirements and change requests but simultaneously ensuring that client gets the required business value
- Elaborate and deliver clearly defined requirement documents with relevant dataflow and process flow diagrams
- Work closely with product design development team to analyse and extract functional enhancements
- Provide product consultancy and assist the client with acceptance criteria gathering and support throughout the project life cycle
Technology Skills-
- Proficient in technology solution architecture, with a focus on designing innovative and effective solutions.
- Experienced in data migration projects, ensuring seamless transfer of data between systems while maintaining data integrity and security.
- Skilled in data analytics, utilizing various tools and techniques to extract insights and drive informed decision-making.
- Strong understanding of data governance principles and best practices, ensuring data quality and compliance.
- Collaborative team player, able to work closely with stakeholders and technical teams to define requirements and implement effective solutions.
Industry certifications (AAPA/LOMA) will be added advantage.
Experience on these COTS product is preferrable.
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