Alp Consulting Ltd.
Website:
alp.consulting
Job details:
Job Description - Business Analyst -Life Insurance & Annuity
Location- PAN India
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:
1. Proficient in Individual and Group Life Insurance concepts, different type of Annuity products etc.
2. Proficient in different insurance plans - Qualified/Non-Qualified Plans, IRA, Roth IRA, CRA, SEP
3. Solid knowledge on the Policy Life cycle
a. Illustrations/Quote/Rating
b. New Business & Underwriting
c. Policy Servicing and Administration
d. Billing & Payment
e. Claims Processing
f. Disbursement (Systematic withdrawals, RMD, Surrenders)
g. Regulatory Changes & Taxation
4. Understanding of business rules of Pay-out
5. Understanding on upstream and downstream interfaces for policy lifecycle
6. 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.
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