Product Analyst

Name of Organization: Jarus Technologies (India) Pvt. Ltd. Organization Website: www.jarustech.com Position: Product Analyst Domain Knowledge: Insurance (Mandatory) Job Type: Permanent Location: Hyderabad - IDA Cherlapally, ECIL and Divyasree Trinity, Hi-Tech City. Experience: Education: Any Graduation or PG with knowledge in Insurance Domain. Resource Availability: immediately or a maximum period of 30 days. Required Skills:  Knowledge of insurance domain / business, Insurance business work flows.  Strong Knowledge of All Lines of Business (LOB) in P&C Insurance.  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.  Job involves developing Rating system for policy admin application. This demands very good comprehension, analytical skills, usage of excel worksheets, preparation of rating algorithm / steps (premium calculation for policy) and setting them up on a product configurator application. Job Competency:  Should be sharp, have basic understanding of programming (not programming experience) and able to develop rating steps (involving formulas, expressions, arithmetic calculations).  Ability to work independently, self driven and have passion to excel in insurance domain.  Candidate should have logical thinking.  Basic IT knowledge and desire to work with an IT company which develops policy administration systems (PAS) and related applications for insurance companies.  Good communication skills to interact with customer/customer team and ability to understand requirements for implementing an insurance system/application. 5+ yrs. Job Roles & Responsibilities:  It is a product/system implementation support role.  Involve in developing new system (insurance application) from an existing system.  Attend customer meetings along with system implementation team members.  Refer existing system manuals/guides for business rules and rate details.  Extract business rules of existing system from manuals/guides/notes etc.  Extract rating steps, rates etc of existing system from manuals/guides/notes etc.  Consolidate business rules , Rate Steps, Rate details.  Set up extracted business rules in new system using Configurator Application (Hosts entire configuration of system).  Set up extracted rate details in new system using Configurator Application.  Set up any other data required for building new system using Configurator Application.  Interact with system implementation team(System developers, Quality Assurance Team members), coordinate with them and implement new system.  Test functionality of new system.  Deliver new system to customer.