Junior Business Analyst - Insurance (Ingenium PAS)
OTS Solutions · Pune · onsite · Posted 21d ago
Undisclosed3–5 yrsfulltimeSourced from
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About this role
Job Description - Junior Business Analyst (Ingenium Policy Administration System)
Position: Junior Business Analyst - Insurance (Ingenium PAS)
Experience: 3-5 Years
Location: India
Domain: Life Insurance / Policy Administration Systems
Location: India
Domain: Life Insurance / Policy Administration Systems
Role Overview
We are seeking a Junior Business Analyst with 3-5 years of experience in the Indian Life Insurance domain and working knowledge of the Ingenium Policy Administration System (PAS) . The candidate will be responsible for gathering business requirements, supporting product configuration activities, preparing functional documentation, coordinating with business and technical teams, and assisting in project delivery and production support initiatives.
The ideal candidate should possess strong understanding of life insurance products, policy lifecycle processes, and product setup/configuration in Ingenium .
Key Responsibilities
Business Analysis
- Gather, analyze, and document business requirements from stakeholders.
- Prepare Business Requirement Documents (BRD), Functional Requirement Documents (FRD), user stories, and process flows.
- Perform gap analysis and impact assessment for change requests and enhancements.
- Facilitate requirement clarification sessions with business users and development teams.
Ingenium Product Configuration Setup
- Support configuration and setup of life insurance products in Ingenium.
- Understand product parameters such as:
- Product rules
- Benefits and riders
- Premium structures
- Underwriting requirements
- Charges and fees
- Policy servicing features
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- Assist in validating product configurations and business rules.
Testing Validation
- Prepare test scenarios and review test cases.
- Support SIT and UAT activities.
- Validate business functionality against documented requirements.
- Coordinate defect tracking and resolution with development teams.
Stakeholder Coordination
- Act as a liaison between business users, product owners, developers, and QA teams.
- Participate in project discussions, status reviews, and requirement walkthroughs.
- Provide functional support during implementation and production releases.
Production Support
- Assist in issue analysis and functional troubleshooting.
- Perform impact assessment for production incidents and change requests.
- Support root cause analysis and resolution discussions.
Required Skills Qualifications
Domain Skills
- Strong understanding of the Indian Life Insurance industry .
- Knowledge of policy administration processes including:
- New Business
- Underwriting
- Policy Issuance
- Premium Processing
- Policy Servicing
- Claims and Maturity
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- Basic understanding of IRDAI regulatory requirements.
Technical Product Skills
- Hands-on experience with Ingenium Policy Administration System .
- Knowledge of Ingenium product setup/configuration .
- Understanding of PathFinder and ProductXpress concepts will be an added advantage.
- Familiarity with SQL and data validation techniques is desirable.
Soft Skills
- Strong analytical and problem-solving skills.
- Good documentation and communication skills.
- Ability to work collaboratively in a client-facing environment.
- Strong attention to detail and quality focus.
Preferred Qualifications
- Graduate in Engineering, Computer Science, Business Administration, or related discipline.
- Experience working with Life Insurance clients in India.
- Exposure to Insurance Digital Transformation or PAS implementation projects will be an added advantage.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
Business Analystgap analysisdefect trackingfunctional supportBusiness RequirementsFunctional DocumentationBusiness AnalysisIngeniumImpact AssessmentCommunication SkillsDigital TransformationAdministrationData Validation
About OTS Solutions
OTS Solutions
IT Services & Consulting
125
employees
2002
24 years old
Piscataway
US
₹6.2L PA avg
Avg at OTS Solutions
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OTS Solutions delivers outsourced product development, custom software, and IT services, aiding organizations in optimizing technology for sustained growth.
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