FS-RC-BT INS -Life and Annuity

As a L&A Business Consultant at EY, you will be part of the Consulting team, engaging in a wide range of topics to support clients in various domains, including but not limited to: - Proficient in Individual and Group Life Insurance concepts, different types of Annuity products, etc. - Proficient in different insurance plans such as Qualified/Non-Qualified Plans, IRA, Roth IRA, CRA, SEP - Solid knowledge of Policy Life cycle, Illustrations/Quote/Rating, New Business & Underwriting, Policy Servicing and Administration, Claims Processing, and Disbursement - Demonstrated ability in Insurance Company Operations like Nonforfeiture option/Face amount increase, decrease/CVAT or GPT calculations/Dollar cost averaging and their respective transactions - Understanding of upstream and downstream interfaces for policy lifecycle Your consulting skills will be put to use by: - Experience in creating business process maps for future state architecture and WBS for overall conversion strategy - Conducting Due-Diligence and Assessment projects to evaluate current state maturity and gaps in functionalities - Requirements Gathering, Elicitation writing BRDs, FSDs, and conducting JAD sessions - Defining optimal future state operational processes and related product configuration - Providing innovative solutions, and challenging new client requirements while ensuring the required business value - Delivering clearly defined requirement documents with relevant dataflow and process flow diagrams Your technology skills will involve: - Proficiency in technology solution architecture and designing innovative solutions - Experience in data migration projects and data analytics to drive informed decision-making - Strong understanding of data governance principles and best practices Experience with COTS products such as FAST, ALIP, OIPA, and wmA is preferable. Additionally, industry certifications (AAPA/LOMA) will be an added advantage. EY is committed to building a better working world by creating new value for clients, people, society, and the planet. With a focus on data, AI, and advanced technology, EY teams help shape the future with confidence and develop solutions for pressing issues. Operating across assurance, consulting, tax, strategy, and transactions services, EY teams provide services in more than 150 countries and territories.,