Life and Annuity Product Configurator Business Analyst

Ernst & Young LLP ( EY India ); Bengaluru; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

Ernst & Young LLP ( EY India ) is seeking a Product Configurator – Business Analyst with extensive Life & Annuity domain experience to support FAST configurations across multiple locations in India. The role involves translating policy specs into FAST configurator rules and maintaining templates.

Ideal candidates have 6–9 years in Life & Annuity IT services or insurance, with MBA or engineering degree and LO MA ALMI certification. Collaboration with actuarial and product teams is key.

Qualifications

• Graduate with MBA or bachelor’s in engineering.
• LOMA – ALMI (must)
• Experience: 6 to 9 Years of experience working in Life and Annuity domain in IT Services, Consulting, and Insurance company.
• Have worked on Life and Annuity policy admin system like FAST, Vantage, ALIP, LIFE 400 etc.

Responsibilities

• Deep knowledge of Life and annuity product filling in U.S. market and configuration into platforms.
• Life and Annuity product knowledge and FAST configuration.
• U.S. State and NAIC product compliance knowledge.
• Translate product specs (policy norms, riders’ illustration) into FAST product configurator rules – plan definitions, coverage options, rate structures, eligibility rules.
• Build and maintain product templates, rules within the configurator.
• Manage version control across product variants.
• Requirement gathering across stakeholders from actuarial, products.
• Perform gap analysis between out of box FAST product capabilities and client specific product needs.

Education

MBA or Bachelor's in Engineering

LOMA – ALMI (must)

Tools

FAST

Vantage

ALIP

LIFE 400

Job description

Fast - Senior At EY, we’re all in to shape your future with confidence. We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world.

Role: Product configurator – Business Analyst

Location: Bangalore / Chennai / Coimbatore / Kochi / Kolkata / Noida /Hyderabad / Pune / Trivandrum

Roles and Responsibilities:

• Deep knowledge of Life and annuity product filling in U.S. market and configuration into platforms.
• Life and Annuity product knowledge and FAST configuration.
• U.S. State and NAIC product compliance knowledge.
• Translate product specs (policy norms, riders’ illustration) in to FAST product configurator rules – plan definitions, coverage options, rate structures, eligibility rules.
• Build and maintain product templates, rules within the configurator.
• Manage version control across product variants.
• Requirement gathering across stakeholders from actuarial, products.
• Perform gap analysis between out of box FAST product capabilities and client specific product needs.

Qualification:

• Graduate with MBA or bachelor’s in engineering.
• LOMA – ALMI (must)
• Experience: 6 to 9 Years of experience working in Life and Annuity domain in IT Services, Consulting, and Insurance company.
• Have worked on Life and Annuity policy admin system like FAST, Vantage, ALIP, LIFE 400 etc.

EY | Building a better working world EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.