FS-RC-BT INS Professional -Life and Annuity

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
• Understanding on upstream and downstream interfaces for policy lifecycle
• Experience in DXC Platforms Vantage, wmA, nbA, CSA, Cyber-life, Life70, Life Asia, PerformancePlus

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.
• 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 -

• 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