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.