BENGALURU · FULLTIME
Fast-Manager
Ernst Young
Bengaluru · onsite · Posted 5d ago
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Undisclosed3–8 yrsfulltimeBengaluru
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Section · 01
About this role
Job Description: Conversion SME (Manager)
Position Title: Manager Conversion Subject Matter Expert (Life Insurance & Annuities Policy Administration Transformation)
Function: Insurance
Location: Bangalore / Chennai / Coimbatore / Kochi / Kolkata / Noida / Hyderabad / Pune / Trivandrum
Role Summary The Conversion SME will own the end-to-end data and policy conversion strategy for a Life & Annuities policy administration system transformation (e.g., legacy platform to FAST/Majesco/OIPA/FINEOS target). This role bridges business, actuarial, and technical teams to ensure accurate, compliant, and auditable migration of in-force policy data, values, and transaction history from source to target systems.
Key Roles & Responsibilities Conversion Strategy & Governance - Define the end-to-end conversion approach: crosswalk methodology, data mapping standards, tolerance thresholds, and reconciliation framework between legacy and target platforms.
- Own the conversion playbook cutover strategy (big-bang vs. phased/wave-based), fallback/rollback plans, and freeze-period governance.
- Establish data lineage documentation and version-controlled mapping specs for audit and regulatory traceability.
- Translate legacy policy administration rules (billing, values, riders, beneficiaries, agent/commission structures) into target system configuration requirements.
- Partner with actuarial, IT, and QA teams to validate converted policy values (cash value, reserves, death benefit, surrender values) against source-of-truth calculations.
- Lead root-cause analysis on conversion breaks/exceptions and drive remediation with configuration or ETL teams.
- Author functional specifications for field-level, transaction-level, and history conversion (policy, billing, claims-in-progress, agent/commission, correspondence).
- Define exception handling rules for non-standard policies, riders, or legacy product variants that don't map cleanly to the target chart of accounts/product model.
- Validate mapping specs with source system SMEs and target platform configuration leads.
- Design and oversee conversion test cycles (mock conversions, parallel runs, dress rehearsals) and define pass/fail acceptance criteria.
- Own policy-level and aggregate-level reconciliation reporting (financial tie-outs, record counts, value tolerances) presented to governance/steering forums.
- Sign off on conversion readiness gates ahead of each cutover wave.
- Lead and mentor a pod of conversion analysts/testers (onshore/offshore); manage workload, quality, and delivery timelines.
- Act as primary conversion point of contact for client business owners, actuarial, compliance, and IT conversion teams.
- Present conversion status, risk, and exception dashboards to steering committee/PMO.
- Ensure conversion approach aligns with regulatory requirements (state filings, policyholder notification rules, NAIC/IFwhere applicable).
- Maintain audit trail documentation sufficient for internal audit and regulatory examination.
- Hands-on conversion experience on at least one target PAS: FAST, Majesco, OIPA, FINEOS, or equivalent legacy modernization platform
- Prior experience in at least one full PAS conversion/migration cycle mapping, mock conversions, parallel testing, cutover
- Strong SQL skills; experience with data mapping/ETL concepts; policy value reconciliation (cash value, reserves, COI, fund values for annuities)
- Ability to write field-level functional specs, mapping documents, and test scripts to consulting-grade standards
- Experience managing a pod, sprint/wave-based delivery, and reporting into a governance/PMO structure
- Familiarity with state insurance regulations, policyholder notification requirements, and IF/statutory reporting impacts on conversion
- Prior Big 4/IT Service Company or systems integrator consulting background
- Experience with both Life and Annuities product lines (not just one)
- Exposure to agile delivery frameworks (Scrum/SAFe) in a conversion pod context
- Group Benefits conversion exposure (cross-domain flexibility)
- Vendor-side experience (e.g., having worked at a FAST/Majesco/FINEOS implementation partner)
- LOMA certifications relevant to conversion/operations
- CSPO / PMP / Prosci (change management) for delivery-side credibility
- Platform-specific certifications (FAST, Majesco, FINEOS) where available
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Section · 02
Skills
AgileData lineagecspoLegacy ModernizationpasActuarialdata mappingChange ManagementAgile DeliveryMappingException HandlingCapital MarketsInternal AuditPMPoperationsIFRSAdministrationcomplianceETLArtificial Intelligence
Section · Company
About Ernst & Young
Ernst Young
Management Consulting
44k+
employees
2002
24 years old
Gurgaon / Gurugram, Haryana
India
₹15.3L PA avg
Avg at Ernst & Young
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At EY, our purpose is Building a better working world. The insights and quality services we provide help build trust and confidence in the capital markets and in economies the world over.
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