Analyst/Consultant - Financial Service/Insurance Consulting Practice

Analyst/Consultant (Insurance Consulting Practice)

Purpose

- Supports Insurance consulting engagements in an offshore/onshore model

- Supports building of Insurance Consulting practice and Insurance Consulting assets, methodologies, etc. from offshore

- Supports teams engaged in research and market making initiatives in insurance consulting domain. Example of key activities would be - Non Life Insurance Operating Model; Activity Based Costing/ Portfolio Data Analysis, Capability Scales of Mastery, Business Case Framework, Process Models revamped process and operating models

Responsibilities

- Assisting in formulating the specific solutions to address prioritized gaps

- Assisting in the development of capabilities and performance measurements/KPIs

- Engage in activities like process mapping, gap analysis etc.

- Supervising business architecture implementation activities

- Implementation of technology within a risk area, including the implementation of MIS solutions.

- Supervising business diagnosis and planning activities

- Supervising business architecture and process design activities

- Defining testing and implementation activities for architectures, capabilities and processes

- Developing and testing business processes, capabilities, and architectures

- Preparing the client for deployment (communications, training)

PROCESSES

- Work on consulting engagements with insurance clients across the globe which in areas such as:

- Business Process Optimization

- Cost Reduction, Operational Efficiency

- AS IS and TO BE Analysis, Gap Analysis and Operating Model Road Map creation

- Sales and Distribution strategy

- Underwriting profitability analysis

- Policy and Billing Services

- Claims Transformation

JOB REQUIREMENTS

- Awareness of Consulting, structure of business and nature of work

- Understanding of business and financial markets (obviously)

- Excellent Communication Skills and ability to work well in a team

- Analytic personality with attention to detail

- Good at making decisions and taking the initiative

- Strong inter-personal skills with ability to connect with senior client executives

- Ability to work with geographically dispersed teams on flexi hours

- Willingness to travel moderately/ extensively across multiple locations

- Post Graduates or professional degree holders (CA, CFA)

- Should be holding a MBA (Full time) from premier institutions (IIM, ISB, SP Jain and other similar colleges)

- Professional certifications like CPCU, FLMI (LOMA) will be an added advantage

- Knowledge of Insurance Software and Core Platforms like Duck Creek, ALIP, CSC Systems, is an added advantage

- Should have 1-2 years of work experience in insurance for Analysts and 2-5 years for Consultant with exposure to Process Consulting.

Functional competencies (Includes Knowledge and Skills)

Eg. Accounts Payable; AR; Cost Reporting; Treasury; Contract Compliance; Audit; General accounting

Payroll; MS Office ; SAP; Oracle