Job Description & How to Apply Below
Job Title:
Subject Matter Expert – Insurance
Function:
Direct Core
Experience:
12–20 years overall; minimum 12–15 years in Insurance domain
Location:
Mumbai
Job Summary:
The Insurance SME will provide domain expertise and strategic direction for insurance transformation programs, product implementations, and process optimization initiatives. The role demands deep understanding of insurance products, operations, regulatory frameworks, and digital trends shaping the insurance industry.
Key Responsibilities:
1. Domain Consulting & Delivery
• Act as the primary domain authority for life, general, or health insurance verticals.
• Support digital transformation, automation, and platform modernization initiatives.
• Experience with AI use cases in the Insurance value chain
• Partner with business and IT teams to design target operating models, process maps, and solution blueprints.
• Review and validate business requirements, user stories, and product backlogs for domain accuracy.
2. Solutioning & Pre-Sales
• Provide domain inputs for RFP/RFI responses, proposals, and client presentations.
• Support solution architecture and cost modelling from an insurance perspective.
• Identify cross-sell and up-sell opportunities based on domain gaps.
3. Product & Platform Expertise
• Advise on core insurance platforms (eg Life/Asia, Ingenium, Bancs or others).
• Define requirements for policy administration, underwriting, claims, billing, and reinsurance systems.
• Collaborate with product engineering teams to improve domain coverage and compliance features.
4. Compliance & Regulatory Advisory
• Stay abreast of IRDAI regulations, solvency norms, risk-based capital standards, and compliance trends.
• Ensure solutions align with Indian & global insurance regulations (GDPR, AML/KYC, IFRS-17).
5. Training & Knowledge Management
• Conduct domain training and knowledge transfer sessions for delivery teams.
• Create reusable domain assets, frameworks, and process documentation.
• Mentor business analysts and junior consultants.
_______________________________________
Required Skills & Competencies
Domain Expertise
• Strong understanding of insurance value chain – product design, underwriting, policy servicing, claims, reinsurance, and distribution.
• Experience in one or more lines:
Life, Health, General, / Group Insurance.
• Familiarity with policy administration systems and digital enablers (APIs, Insur Tech, AI/ML use cases).
Functional & Technical Acumen
• Hands-on experience in requirements analysis, BRD creation, and process re-engineering.
• Knowledge of core system implementations and integrations in BFSI domain.
• Comfort working in Agile / Scrum delivery environments.
Soft Skills
• Excellent client-facing communication, stakeholder management, and presentation skills.
• Strong analytical thinking and ability to simplify complex business problems. ________________________________________
Preferred Qualifications
• Bachelor’s or Master’s in Business / Finance / Insurance/ Technology.
•
Certifications:
AIII (III India), CII (UK), or equivalent.
Prior experience with insurance carriers, brokers, or global IT consulting firms
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