Functional Lead (Insurance)

Job Title: Functional Lead (Insurance Policy Administration Platform)Location: Hybrid Remote - Farmington, CT or New York, NY (3 days onsite, 2 days remote)Term: Perm/FTESalary: $130k-140k per year (base salary)Industry: InsuranceNote: Must have legal authorization to work in the United States. No Corp to Corp (C2C) or Visa sponsorship provided.Job Overview:A Functional Lead on an Insurance Policy Administration System (PAS) plays a crucial role in managing and optimizing the entire policy lifecycle. This role involves overseeing the automation of processes such as policy quoting, issuance, endorsements, renewals, and claims processing. The Functional Lead ensures that the PAS is configured to meet business needs, integrates seamlessly with other systems, and maintains regulatory compliance. They also focus on improving operational efficiency, reducing errors, and enhancing customer satisfaction through streamlined workflows and accurate data management. Effective leadership in this role is essential for the smooth operation and strategic success of the insurance company.Duties and Responsibilities:Operational Objectives: Determine operational objectives by understanding the business function, scope of the product or request, required changes, deliverables, and expected outcomes, working closely with business and operations stakeholders.Impact Analysis: Define and quantify the impact of requests or changes on business metrics (cost, KPI, GWP, compliance), and help prioritize requests for development based on available capacity.Functional Module Expertise: Experienced in supporting PAS platform. Prefer experience in PAS platforms, Duck Creek, Guidewire, OneShield or MajescoWorkflow Development: Construct business process flow diagrams, study system capabilities, write specifications, and prepare technical reports by collecting, analyzing, and summarizing information and trends.Project Planning: Define project requirements by identifying project milestones, phases, and elements, form a project team, establish a project budget, and assist with project management for selected projects.Stakeholder Management: Identifying, analyzing, engaging, and managing the expectations and requirements of individuals or user groups affected by or influencing a project. Developing a communication plan, and continuously monitoring and adapting the plan to ensure stakeholder satisfaction and project success.Communication and Collaboration: Coordinate with various departmental teams to achieve better business outcomes, support testing on system changes to ensure they meet requirements and collaborate with the Product Manager on roadmap planning and prioritization.Resource Management: Validate resource requirements and develop cost estimate models.Job Requirements:Minimum 8 years of real-world experience in business requirementMinimum 3 years of experience in commercial insurance domainFive or more years of Business Analyst experiencePractical experience with property & casualty insurance/reinsurance and multi-currency systems is an assetStrong understanding of commercial insurance products such as Professional Lines, Casualty and Property.Experienced in supporting PAS platform. Prefer experience in DXC platforms, Duck Creek or EvariAbility to analyze business and technical specifications and interact with our business users effectivelyAbility to work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizationsExcellent written and verbal communication skillsGreat analytical, critical thinking and problem-solving abilitiesSuperior presentation and negotiation skillsStrong management and organizational skillsAdaptable and capable of working in fast-paced environmentsMust be a self-starter with a great attitude, not afraid to take the initiative, and work with little supervisionPreferred experience working within an Agile - Scrum/Kanban environmentEducation:Bachelor's degree or higher in business analysis, business administration, finance or related fieldPreference given for holders of a University Degree or Diploma in Computer Science or related field.

Created: 2025-01-07