Infosys BPM - Senior Consultant/Lead Consultant/Principal Consultant - Life Insurance/Annuity Projects

Infosys BPM Ltd

Introducing Infosys BPM

Infosys BPM focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Today's operational landscape is quite complex. Business processes are critical in achieving the company's goals and any limitations will lead to lesser agility and to lose its competitive edge.

Location: Pune/Hyderabad in India

Role Designation - Sr. Consultant/Lead Consultant/Principal Consultant

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

What are we looking for in you:

 Educational Requirements (Must have): 

- BE/B.Tech/MCA

 Mandatory Skills: 

- Experience of dealing with Legacy systems

- LOMA/CLU Certifications

- Experience with US/Canadian life/annuity market

- Knowledge on Reinsurance, Agent Compensation, Insurance Compliance/Tax, New Business and Claims

 Desired Skills: 

- 8+ 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

- Experience with North American market (US and Canada)