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2.0 - 6.0 years
0 Lacs
karnataka
On-site
As a Business Analyst in the FIS Policy Admin Suite (Compass) team, you will be responsible for collaborating with internal and client teams to understand and document business system requirements. Your role will involve configuring the Compass application as per client specifications and ensuring that client requirements are accurately reflected in the logical specifications produced by the Design Team. Your key responsibilities will include working closely with project managers, conducting requirement gathering sessions, and documenting business systems requirements. You will participate in design sessions for new functionality development and customization of existing features. Furthermore, you will assist in developing test plans, resolving production issues, and managing activities as per the project plan. To excel in this role, you should possess strong testing and business analysis knowledge in the Life insurance industry, particularly in dealing with Policy administration systems. Familiarity with relational databases, technical skills such as SQL, Oracle, UNIX, and Excel Macros will be advantageous. Additionally, having experience with Agile and Scrum methodologies and holding certifications like LOMA (ALMI or FLMI) or Insurance Institute of India - Licentiate, Associate, and Fellowship will be beneficial. The ideal candidate will have excellent communication and analytical skills, be proficient in requirement gathering and documentation, and demonstrate the ability to work both independently and as part of a team. A Bachelor's degree in Computer Science or Information Systems, along with 2 to 6 years of experience as a business analyst in the financial services industry, is required. In this multifaceted role, you will have the opportunity for professional education and personal development, a competitive salary and benefits, and the chance to work in a dynamic and collaborative environment. If you are a self-starter with a team mindset, fluent in English, and willing to occasionally travel, this position offers a rewarding career path with FIS.,
Posted 5 days ago
10.0 - 20.0 years
6 - 16 Lacs
Mumbai
Work from Office
Note: Candidates having below mentioned relevant skills should apply on the link. https://forms.gle/tyZf41YWk5QfcQnz8 1. Insurance Policy Management: Manage and renew project-specific insurance policies Evaluate and recommend appropriate risk coverage for ongoing and upcoming infrastructure projects. Coordinate with insurance brokers, underwriters, and legal teams for customized policy structuring. 2. Claim Placement & Settlement: Handle end-to-end insurance claim processes for incidents such as asset damage, construction site accidents, third-party liability, and natural disasters. Liaise with internal teams, loss adjusters, and insurers to ensure timely claim submission, documentation, and settlement. Maintain claim registers, loss reports, and settlement MIS. 3. Premium Negotiation & Policy Optimization: Analyze insurance market trends and negotiate premium rates with insurers for cost optimization. Recommend deductibles and exclusions based on project risk profile and claim history. Participate in annual insurance budget planning and forecasting. 4. Tender Documentation & Insurance Inputs: Provide insurance-related inputs for tender submissions and bid documentation. Ensure compliance with client insurance requirements as per tender terms (especially for EPC, government, and private sector clients). Prepare standard insurance clauses and evaluate contractor/vendor insurance submissions. 5. Contractor & Statutory Coverage Compliance: Verify subcontractor insurance policies to ensure adequate coverage Ensure full statutory compliance Support incident investigations from an insurance recovery and liability standpoint. Required Qualifications: Education : Graduate in any discipline (Engineering, Commerce, or Law preferred). Certification : Must hold a valid Licentiate (Insurance Institute of India) Associate or Fellowship preferred. Experience : 6 - 12 years & 10 - 20 years of relevant experience in insurance management, preferably within construction, infrastructure, or EPC companies . Key Skills & Competencies: In-depth knowledge of construction and infrastructure-related insurance products. Strong negotiation skills with brokers and underwriters. Hands-on experience with insurance claims and documentation. Familiarity with IRDAI regulations and statutory policies. Good communication, analytical thinking, and risk assessment abilities. Proficient in MS Office (Excel, Word, PowerPoint); familiarity with SAP systems is a plus. Preferred Industry Background: Construction Infrastructure (roads, bridges, ports, metro, power, etc.) EPC companies Real estate development (for large-scale residential/commercial projects)
Posted 1 month ago
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