Principal Consultant into Life Insurance

Infosys BPM

Pune, India

Last shared 56 days ago

Job Details


10 - 15 years

Employment Type


Employer Job ID


Industry Sector

Functional Area

Information Technology Services Information Technology
Job Description
Introduction to Infosys BPM Ltd., 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. Todays operational landscape is quite complex. Business processes are critical in achieving the companys goals and any limitations will lead to lesser agility and to lose its competitive edge. Job Title: Lead Consultant / Principal Consultant Domain: Life Insurance Location: Pune Company: Infosys BPM Ltd., Mandatory Skills/Experience: 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) 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. Desired Skills/Experience: 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 Please refer your colleagues/ friends among your network if found suitable for this role. We have multiple openings. Thanks and Regards, Laxman Shaw, Talent Acquisition Specialist Email: Infosys BPM Ltd.,
Company Description
Infosys BPM Limited Infosys BPM, the business process outsourcing subsidiary of Infosys, was set up in April 2002. Infosys BPM focuses on integrated end-to-end outsourcing. Infosys BPM operates in India, Poland, the Czech Republic, the Netherlands, Ireland, South Africa, Brazil, Mexico, Costa Rica, the United States, Puerto Rico, China, the Philippines, Singapore, and Australia.


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