Senior Insurance Product Specialist

13 hours ago

Hyderabad, Telangana, India beBeeProduct Full time ₹ 1,00,00,000 - ₹ 2,00,00,000
Job Description

We are seeking a talented Product Analyst to join our team. As a Product Analyst, you will be responsible for developing and implementing rating systems for policy administration applications.


Responsibilities:
  • Developing new system (insurance application) from an existing system.
  • Attending customer meetings along with system implementation team members.
  • Referencing existing system manuals/guides for business rules and rate details.
  • Extracting business rules of existing system from manuals/guides/notes etc.
  • Extracting rating steps, rates etc of existing system from manuals/guides/notes etc.
  • Consolidating business rules , Rate Steps, Rate details.
  • Setting up extracted business rules in new system using Configurator Application.
  • Setting up extracted rate details in new system using Configurator Application.
  • Setting up any other data required for building new system using Configurator Application.
  • Interacting with system implementation team(System developers, Quality Assurance Team members), coordinating with them and implementing new system.
  • Testing functionality of new system.
Required Skills and Qualifications

To succeed in this role, you should have the following skills and qualifications:

  • Strong knowledge of insurance domain / business, Insurance business work flows.
  • Knowledge of AAIS and ISO as an added advantage.
  • Underwriting policies (property and casualty and other lines of insurance).
  • Quote processing, Identifying Risk items, Risk assessment/estimation, Coverages and risk protection.
  • Policy Rating/Premium Calculations, Underwriting rules, Billing, Policy issuance/Renewals/Endorsements, Loss handling, Claims processing and Settlement.
Benefits

This is a permanent job opportunity that requires 6+ years of experience. You should have basic understanding of programming and ability to develop rating steps. You should also have logical thinking and good communication skills.

Others

The ideal candidate should be sharp, self-driven, and passionate about exceling in the insurance domain. He or she should have the ability to work independently and possess basic IT knowledge. The candidate should also have a strong desire to work with an IT company that develops policy administration systems and related applications for insurance companies.

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