Job Description – Business Analyst ManagerPosition Title, Responsibility Level Business ConsultantFunctionLifePRO®Reports to Regular/Temporary: RegularGradeLocation USAResponsibilitiesIn-depth understanding of different life Insurance products (Term, Wholelife, Flexible & Indexed products) & annuities products & their associated features, benefits & risks.Requirement gathering & creating requirement specification document & getting sign-off.Demonstrating requirement with team for clear understanding of requirement.Support projects as a Business Analyst, documenting business, and functional requirements for insurance administration for life and annuity products per client needs.Elicit, Validate and Analyze detailed functional and technical requirements using Insurance Business Process Modeling and Data Modeling to deliver functional design document.Liaise with the client’s business users to define and capture detailed business requirements into BRD.Determine business objective from requests. Negotiate, provide estimates, provide options, brainstorm solutions with business contacts to deliver expected results.Monitor progress of development team, provide direction (if needed), resolve issues, answer questions, coordinate with QA team, gather signoffs, confirm production move.Provide production support, troubleshoot problems, research errors, monitor daily activities, answer system functionality questions.Establishes and maintains a close-working relationship with all project stakeholders and technical staff to ensure alignment between solutions being delivered to business goals.Participate in project planning sessions with project managers, business analysts and team members to analyze business requirements.Manages the delivery of the detailed business requirements, functional design, build, test, and readiness components of project.Understanding of PL/SQL to work with application database to resolve data and product configuration issues.Provides leadership and oversight on all aspects of a project translating business requirements into systems solutions.Illustrate and model the business requirements in an easy to consume, client friendly manner.Possesses the required technical knowledge to manage all aspects of an Information Technology project.Good working knowledge in ACORD standards for life insuranceSkillsTechnical SkillsLife Insurance (Term/WL/UL) and Annuity insurance knowledge. End-to-end lifecycle experience of Product development and implementation on a policy administration platform.IT Business Analysis experience.PL/SQL, Excel and PowerPoint presentations. Business design /System testing, Root Cause analysis (RCA).Good knowledge of Automation tool.Understanding of Agile methodology. Meetings & Reviews, Estimations, Reporting & Documentation.Soft skills (Desired)Understanding of Insurance business vertical and the business processes within.Critical thinking skills.Good analytical skills.Effective communication skills - oral and verbal.Ability to collaborate with various stakeholders across various geography. Strong Team Player & ability to build & sustain the team.Education RequirementsB.TECH /MCA /MBA.Certifications in insurance (FLMI) will be preferred.Work Experience Requirements: At least 8 years of Life Insurance and Annuities product experience. Experience with the various aspects of life insurance administration is highly desirable, particularly policy administration, claims and agent compensation.Experience collaborating with client on various consulting engagements.Experience defining application enhancement requirements.Experience in automation will be an added language, Training and mentoring lesser experienced team members.SkillsEqual opportunity Employer:Mphasis is an equal opportunity/affirmative action employer. We provide equal employment opportunities to applicants and existing associates and evaluate qualified candidates without regard to race, gender, national origin, ancestry, age, color, religious creed, marital status, genetic information, sexual orientation, gender identity, gender expression, sex (including pregnancy, breast feeding and related medical conditions), mental or physical disability, medical conditions military and veteran status or any other status or condition protected by applicable federal, state, or local laws, governmental regulations and executive orders.PDN-a13d65f1-4c5d-4676-b7ae-2c12ecf2fdd0
