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About the role
Responsibilities - Support projects as a Business Analyst, documenting business, and functional requirements for insurance administration for life and annuity products per client needs. - Elicit, Validate and Analyze detailed functional and technical requirements using Insurance Business Process Modeling and Data Modeling to deliver functional design document. - Liaise with the client's business users to define and capture detailed business requirements into BRD. - Determine business objective from requests. Negotiate, provide estimates, provide options, brainstorm solutions with business contacts to deliver expected results. - Monitor progress of development team, provide direction (if needed), resolve issues, answer questions, coordinate with QA team, gather signoffs, confirm production move. - Provide production support, troubleshoot problems, research errors, monitor daily activities, answer system functionality questions. - Establishes and maintains a close-working relationship with all project stakeholders and technical staff to ensure alignment between solutions being delivered to business goals. - Participate in project planning sessions with project managers, business analysts and team members to analyze business requirements. - Manages the delivery of the detailed business requirements, functional design, build, test, and readiness components of project. - Understanding of PL/SQL to work with application database to resolve data and product configuration issues. - Provides leadership and oversight on all aspects of a project translating business requirements into systems solutions. - Illustrate and model the business requirements in an easy to consume, client friendly manner. - Possesses the required technical knowledge to manage all aspects of an Information Technology project. - Good working knowledge in ACORD standards for life insurance - Strong knowledge of the US Insurance market, business, latest updates and able to navigate discussion with clients on day to basis. Skills Technical Skills - Life Insurance (Term/WL/UL) and Annuity insurance knowledge. - End-to-end lifecycle experience of Product development and implementation on a policy administration platform. - IT Business Analysis experience. - PL/SQL, Excel and PowerPoint presentations. - Business design /System testing, Root Cause analysis (RCA). - Positive knowledge of Automation tool. - Understanding of Agile methodology. - Meetings & Reviews, Estimations, Reporting & Documentation. Soft skills (Desired) - Understanding of Insurance business vertical and the business processes within. - Critical thinking skills. - Good analytical skills. - Effective communication skills - oral and verbal. - Ability to collaborate with various stakeholders across various geography. - Strong Team Player & ability to build & sustain the team. Education Requirements - B.TECH /MCA /MBA. - Certifications in insurance (FLMI) will be preferred. Work Experience Requirements - At least 8 years of Life Insurance and Annuities product experience. - Experience with the various aspects of life insurance administration is highly desirable, particularly policy administration, claims and agent compensation. - Experience collaborating with client on various consulting engagements. - Experience defining application enhancement requirements. - Experience in automation will be an added language, - Training and mentoring lesser experienced team members.Role & responsibilities Preferred candidate profile Responsibilities - Support projects as a Business Analyst, documenting business, and functional requirements for insurance administration for life and annuity products per client needs. - Elicit, Validate and Analyze detailed functional and technical requirements using Insurance Business Process Modeling and Data Modeling to deliver functional design document. - Liaise with the client's business users to define and capture detailed business requirements into BRD. - Determine business objective from requests. Negotiate, provide estimates, provide options, brainstorm solutions with business contacts to deliver expected results. - Monitor progress of development team, provide direction (if needed), resolve issues, answer questions, coordinate with QA team, gather signoffs, confirm production move. - Provide production support, troubleshoot problems, research errors, monitor daily activities, answer system functionality questions. - Establishes and maintains a close-working relationship with all project stakeholders and technical staff to ensure alignment between solutions being delivered to business goals. - Participate in project planning sessions with project managers, business analysts and team members to analyze business requirements. - Manages the delivery of the detailed business requirements, functional design, build, test, and readiness components of project. - Understanding of PL/SQL to work with application database
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