PUNE · FULLTIME
Senior Consultant - Insurance - Life & Annuity Conversion
Ernst Young
Pune · onsite · Posted 4d ago
Sourced from
Undisclosed5–10 yrsfulltimePune
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Section · 01
About this role
Job Summary
As part of our Consulting team, you will play a key role in supporting clients across the individual and group life insurance and annuity value chain. You will contribute to complex transformation programs by applying deep product, process, and platform knowledge, while helping clients achieve their business objective. This role provides the opportunity to work across multi vendor environments, influence strategic business decisions, and contribute to large scale transformation initiatives for insurance careers.
Your Key Responsibilities - Support clients across the full policy lifecycle, including new business, underwriting, policy servicing, billing, claims, disbursements, and regulatory updates.
- Lead end-to-end Policy Administration System (PAS) conversion programs (legacy to modern platforms) across Life, Annuity, and Group business lines, ensuring alignment with business goals and regulatory requirements.
- Define and validate data conversion strategy, including Data profiling, cleansing, mapping, and transformation rules.
- Work closely with source and target system experts to define Data architecture and conversion design decisions, mapping logic and transformation rules, data cleansing and standardization criteria.
- Design and oversee conversion execution cycles, including Build cycles and iterative mock conversions, Monitoring data quality, reconciliation, and functional validation, ensuring readiness for go-live based on predefined acceptance criteria.
- Create comprehensive business process maps, future state architectures, and work breakdown structures (WBS) for conversion and transformation programs.
- Lead requirements elicitation through JAD sessions, workshops, and collaboration with product owners to develop BRDs, FSDs, and other documentation.
- Challenge new requirements and change requests by proposing optimized, value driven solutions that align with business strategy and operational readiness.
- Collaborate with product design and development teams to evaluate functional enhancements and ensure they meet business objectives.
- Support clients through product configuration decisions, acceptance criteria definition, and user acceptance testing.
- Contribute to data migration and data governance activities, ensuring quality, compliance, and seamless system transitions.
- Serve as a trusted advisor to clients by delivering clear insights, process improvements, and best practice recommendations
- Responsible for decision-making, optimizing processes, resource management, and overseeing team management as needed for task execution.
- Accountable for allocating personnel, supervising team members, assigning tasks, ensuring that the team has the necessary tools and support to succeed in their roles and optimizing and evaluating their performance to meet organizational goals.
- A proactive, detailoriented professional who thrives in fastpaced, dynamic environments.
- Strong business acumen combined with deep expertise in life and annuity insurance domains.
- Ability to collaborate effectively and bridge the gap between business needs and technology solutions.
- A strategic problemsolver who challenges assumptions and recommends innovative, futureready approaches.
- A committed team player focused on delivering value, driving transformation, and building lasting client relationships.
- Bachelors degree in related technology field (Computer, Engineering, Science, etc.)
- Approximately 5 to 10 years of experience working in Life & Annuity insurance domain.
- Hands-on expertise in policy administration data migration, including Conversion strategy and execution planning, Data quality frameworks, audit controls, and governance practices
- Handson experience with policy lifecycle processes and insurance operational workflows.
- Ability to produce highquality process maps, data flows, and requirement documentation.
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Section · 02
Skills
Business ConsultingData CleansingAzure Devopscotsbusiness processdata architectureamazon web servicesAnnuity InsuranceAnalyticsCapital MarketsArchitectureAdministrationbusiness strategyAccountingdata analysiscomplianceMicrosoft Azure
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
About
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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