Product Analyst

Job Description

Position: Product Analyst Domain Knowledge: Insurance (Mandatory) Job Type: Permanent Location: Hyderabad - IDA Cherlapally, ECIL and Divyasree Trinity, Hi-Tech City. Experience: 6+ yrs. Education: Any Graduation or PG with knowledge in Insurance Domain. Resource Availability: immediately or a maximum period of 30 days. Required Skills: ? Knowledge of insurance domain / business, Insurance business work flows. ? Strong Knowledge of All Lines of Business (LOB) in P&C Insurance. ? Knowledge of AAIS and ISO as an Added Advantage. ? Underwriting policies (property and casualty and other lines of insurance). ? Quote processing, Identifying Risk items, Risk assessment/estimation, Coverages and risk protection. ? Policy Rating/Premium Calculations, Underwriting rules, Billing, Policy issuance/Renewals/Endorsements, Loss handling, Claims processing and Settlement. ? Job involves developing Rating system for policy admin application. This demands very good comprehension, analytical skills, usage of excel worksheets, preparation of rating algorithm / steps (premium calculation for policy) and setting them up on a product configurator application. Job Competency: ? Should be sharp, have basic understanding of programming (not programming experience) and able to develop rating steps (involving formulas, expressions, arithmetic calculations). ? Ability to work independently, self driven and have passion to excel in insurance domain. ? Candidate should have logical thinking. ? Basic IT knowledge and desire to work with an IT company which develops policy administration systems (PAS) and related applications for insurance companies. ? Good communication skills to interact with customer/customer team and ability to understand requirements for implementing an insurance system/application. Job Roles & Responsibilities: ? It is a product/system implementation support role. ? Involve in developing new system (insurance application) from an existing system. ? Attend customer meetings along with system implementation team members. ? Refer existing system manuals/guides for business rules and rate details. ? Extract business rules of existing system from manuals/guides/notes etc. ? Extract rating steps, rates etc of existing system from manuals/guides/notes etc. ? Consolidate business rules , Rate Steps, Rate details. ? Set up extracted business rules in new system using Configurator Application (Hosts entire configuration of system). ? Set up extracted rate details in new system using Configurator Application. ? Set up any other data required for building new system using Configurator Application. ? Interact with system implementation team(System developers, Quality Assurance Team members), coordinate with them and implement new system. ? Test functionality of new system. ? Deliver new system to customer.