Principal Analyst - Implementation Conversion (Business Analyst, Life insurance)

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About the role

During implementation-conversion process, provide technical guidance and formulate systems scope and objectives relative to client organization business plan and industry requirements.

About the team 

In today’s highly competitive market, firms must not only deliver superior returns, but also need to be using cutting edge technologies. Life insurance industry is making better use of technology to make insurance accessible for large numbers of people who have none or too little.

Policy Admin Suite (Compass) is a complete and flexible insurance policy administration system that supports multiple business lines and the broadest array of products, delivering unparalleled efficiency, administrative cost savings, and speed to market. With the continually evolving landscape of Information Technology, FIS is committed to providing its clients a modern Policy Administration system.

What you will be doing 

To work as a member of the Professional services/ BA team in close co-operation with clients, systems development engineers as well as members of the business unit team. The job responsibilities would include:

• Working with internal teams, client teams, project managers, understand and analyse the client’s requirements
• Documenting business systems requirements for business unit or function.
• Working with the client to configure the Compass application in terms of the client’s requirements.
• Documenting the client’s requirements in appropriately formatted business specifications.
• Assisting the Client Manager to obtain sign off on the requirements from the client.
• Presenting the client’s requirements to the Design Team such that the requirements are fully understood.
• Participating in design sessions for development of new functionality.
• Participating in design sessions for the customization of existing functionality.
• Being fully responsible for ensuring that client’s requirements are accurately reflected in the logical specifications produced by the Design Team.
• Assisting in the development of appropriate test plans, both at a functional level and a regression testing level, as required.
• Assisting the support analysts in resolving production issues as they arise.
• Providing input to design sessions when necessary.
• Assisting in the development of appropriate test plans, both at a functional level and a regression testing level, as required.
• Report on progress & manage activities as per plan
• Experience in testing life insurance product dealing with Policy administration system.

What you will need: 

• Strong business analysis knowledge working for Life insurance (Individual and Group) business.
• 10 to 12 years of experience as business analyst in financial services industry with Business Analysis
• Technical Qualifications – Familiarity with relational databases and technical skills such as SQL, Oracle, UNIX, Excel Macros would be considered a plus.
• Life Insurance Industry experience would be a plus.
• Knowledge of working with any Insurance Policy Administration System will be considered a plus.
• Excellent communication & analytics skills
• Excellent skills on requirement gathering and documentation
• Knowledge of SDLC, requirement gathering techniques
• Insurance Domain certification like LOMA (ALMI or FLMI), Insurance Institute of India - Licentiate, Associate and Fellowship etc.
• Experience with Agile and Scrum
• Ability to work as part of a team as well as being individually motivated.
• Ability to set correct level expectations and deliver on those expectations.
• Good written and verbal communications and effective interpersonal skills.
• Proven self-starter with initiative to seek information and solve problems.
• Successful within multi-tasking environment.
• Excellent communication skills.
• Ability to work with external clients.
• Has to be a team player

What we offer you 

• A multifaceted job with a high degree of responsibility and a broad spectrum of opportunities
• A broad range of professional education and personal development possibilities – FIS is your final career step!
• A competitive salary and benefits
• A variety of career development tools, resources and opportunities

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Sourcing Model

Recruitment at FIS works primarily on a direct sourcing model; a relatively small portion of our hiring is through recruitment agencies. FIS does not accept resumes from recruitment agencies which are not on the preferred supplier list and is not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company.

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