Business Analyst/ SME in Life Insurance Shashwath Solution

5.0 - 10.0 years

5 - 15 Lacs

Bengaluru

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Qualifications & Skills: Industry Experience: 5+ years of experience as a Business Analyst/SME in Life Insurance. Hands-on experience with core life insurance platforms (policy administration, underwriting, or claims systems). Strong understanding of rating engines, pricing models, and underwriting rules. Experience with term life and whole life insurance products. Technical & Analytical Skills: Background in pricing system integration and rules engine configuration. Ability to analyze actuarial pricing models and translate them into business requirements. Proficiency in documentation tools such as Visio, Confluence, JIRA, and Excel. Business & Communication Skills: Strong analytical and problem-solving skills. Excellent communication skills for effective collaboration with business and IT teams. Ability to work independently and drive digital transformation initiatives. Preferred Qualifications: Experience with Neutrinos, Low-Code/No-Code platforms, or automation tools. Knowledge of regulatory frameworks (e.g., NAIC, IFRS 17, or GAAP for Life Insurance). Exposure to APIs, digital insurance ecosystems, and pricing model integration Skills : - Business Analyst, SME, Life Insurance, policy administration, underwriting systems, claims systems, rating engines, pricing models, underwriting rules, term life insurance, whole life insurance, pricing system integration, rules engine configuration, actuarial pricing models, business requirements, Visio, Confluence, JIRA, Excel, analytical skills, problem-solving, communication skills, business collaboration, IT collaboration, digital transformation, Neutrinos, Low-Code, No-Code, automation tools, regulatory frameworks, NAIC, IFRS 17, GAAP, APIs, digital insurance ecosystems, pricing model integration.

Posted 2 days ago

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Product Analyst Jarus Technologies

6.0 - 10.0 years

12 - 18 Lacs

Hyderabad

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Name of Organization: Jarus Technologies (India) Pvt. Ltd. Organization Website: www.jarustech.com 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.

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