Product Owner - Policy Administration System

Role Overview The Functional Product Owner (PO) will own the business functionality and roadmap of the Policy Administration System (PAS) for Property & Casualty insurance. The role acts as the functional guide for technology teams, ensuring that the PAS supports end-to-end policy lifecycle processes while remaining configurable, compliant, and scalable. Key Responsibilities 1. Product Ownership & Roadmap Own the functional vision and roadmap for the P&C PAS covering: Product setup & configuration Rating & underwriting rules 2. Business Requirements & Backlog Management Translate business needs into functional specification document 3. Insurance Domain Leadership (P&C) Act as a subject matter expert on P&C insurance products such as: Motor Property/Fire Liability Marine / Engineering Ensure PAS supports: Underwriting guidelines Policy conditions, deductibles, limits, sub-limits Claims, Endorsements, Cancellation, Reinstatement Co-insurance, reinsurance functionalities Incorporate regulatory and compliance requirements (e.g., IRDAI, IFRS 17, 64VB). 4. Stakeholder Management Work closely with: Business Analysts IT architects, developers, QA, UI/UX team, and Insurtech vendors Lead workshops for: Process mapping Product configuration Gap analysis between business needs and PAS capabilities 5. Release & Commissioning Serve as Product Owner in Release planning and reviews Backlog refinement Testing and sign-off 6. Integration & Ecosystem Alignment Define functional requirements for PAS integrations with: External APIs (KYC, payment gateways, vehicle/property data sources) Insurtechs Required Skills & Experience Strong hands-on experience in P&C insurance operations and systems. Deep understanding of policy lifecycle management. Familiarity with insurance regulations. PAS & Technology Experience working with PAS platforms such as: Guidewire Duck Creek Insurity TCS BaNCS / Majesco / other PAS platforms Ability to understand configuration models, rating engines, and workflows. Product & Delivery Minimum 6 years of experience as a Product Owner / Functional Lead / Business Analyst. Experience in large transformation or core system modernization programs. Soft Skills Excellent stakeholder communication. Strong analytical and problem-solving abilities. Ability to challenge business requirements constructively. Comfortable working in cross-functional environment. Preferred Qualifications Masters degree in Insurance or Management. Insurance certifications Role Overview The Functional Product Owner (PO) will own the business functionality and roadmap of the Policy Administration System (PAS) for Property & Casualty insurance. The role acts as the functional guide for technology teams, ensuring that the PAS supports end-to-end policy lifecycle processes while remaining configurable, compliant, and scalable. Key Responsibilities 1. Product Ownership & Roadmap Own the functional vision and roadmap for the P&C PAS covering: Product setup & configuration Rating & underwriting rules 2. Business Requirements & Backlog Management Translate business needs into functional specification document 3. Insurance Domain Leadership (P&C) Act as a subject matter expert on P&C insurance products such as: Motor Property/Fire Liability Marine / Engineering Ensure PAS supports: Underwriting guidelines Policy conditions, deductibles, limits, sub-limits Claims, Endorsements, Cancellation, Reinstatement Co-insurance, reinsurance functionalities Incorporate regulatory and compliance requirements (e.g., IRDAI, IFRS 17, 64VB). 4. Stakeholder Management Work closely with: Business Analysts IT architects, developers, QA, UI/UX team, and Insurtech vendors Lead workshops for: Process mapping Product configuration Gap analysis between business needs and PAS capabilities 5. Release & Commissioning Serve as Product Owner in Release planning and reviews Backlog refinement Testing and sign-off 6. Integration & Ecosystem Alignment Define functional requirements for PAS integrations with: External APIs (KYC, payment gateways, vehicle/property data sources) Insurtechs Required Skills & Experience Strong hands-on experience in P&C insurance operations and systems. Deep understanding of policy lifecycle management. Familiarity with insurance regulations. PAS & Technology Experience working with PAS platforms such as: Guidewire Duck Creek Insurity TCS BaNCS / Majesco / other PAS platforms Ability to understand configuration models, rating engines, and workflows. Product & Delivery Minimum 6 years of experience as a Product Owner / Functional Lead / Business Analyst. Experience in large transformation or core system modernization programs. Soft Skills Excellent stakeholder communication. Strong analytical and problem-solving abilities. Ability to challenge business requirements constructively. Comfortable working in cross-functional environment. Preferred Qualifications Masters degree in Insurance or Management. Ins