FS - RC - BT INS -Business Analyst_Life and Annuity - Manager

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JD for L&A Business Consultant

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
• 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/ CVAT or 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.

• • FAST
  • ALIP
  • OIPA
  • wmA

We expect you to work effectively as a team member and build good relationships with the client. You will have the opportunity to expand your domain knowledge and skills and will be able to collaborate frequently with other EY professionals with a wide variety of expertise.

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