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: 6+ yrs.
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.

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.