Consultant - Life Insurance Sector

Responsibilities: 

- Writing migration solution explaining method of conversion for various insurance products 

- Analyze and map data models between source and target policy administration systems with element to element mapping and transformation rules - Analyze gaps between source data and target data and Identifying conversion solution to resolve difference in data models 

- Develop data validation and reconciliation strategies

 - Drive discussions on platform conversion and data cleanup strategies with Client SMEs (Business) 

- Review migration results and identify causes for mismatches 

- Review/validate migrated data in target policy administration system to confirm functional aspects of the policy is preserved 

- Drive consistency/alignment across multiple conversion tracks (many source administration systems to one target system)

 - Proactively contribute to all associated project work streams ensuring appropriate knowledge and information is exchanged to drive successful project outcomes. This includes (but is not limited to) life/annuity Product Build, Data Migration, Testing, Cutover and Service Transition

Profile/Skill Sets :

Mandatory Skills : 

- Experience of dealing with Legacy systems o LOMA/CLU Certifications o Experience with US/Canadian life/annuity market o Knowledge on Reinsurance, Agent Compensation, Insurance Compliance/Tax, New Business and Claims

Desired Skills : 15+ years of experience in life insurance/annuity projects 

- Strong knowledge on Life Insurance terminology and Data Structures (such as the ACORD model) 

- Experience in analyzing functionalities and designing applications for various insurance products (Term, Whole/Universal/Variable Universal Life, Fixed/variable Annuity, Payout/Structured Settlements and/or Disability) 

- Experience in Policy Administration System (PAS) conversion o Experience with North American market (US and Canada)