FSI/Principal - Commercial Insurance – Business Consulting

Infosys Limited; Basking Ridge, Chicago, New York (NJ, IL, NY); On-site; USD 123,000 - 155,000; Full time

Job summary

An established industry player is seeking a Principal Business Consultant to lead consulting engagements in the commercial insurance sector. This role involves advising clients on strategies, managing teams for digital transformation, and optimizing business processes across various insurance functions. The ideal candidate will have extensive experience in the commercial lines industry and a strong ability to foster client relationships. Join a dynamic consultancy that values innovation and offers opportunities for professional growth and development in a collaborative environment.

Benefits

Medical/Dental/Vision/Life Insurance

Long-term/Short-term Disability

Health and Dependent Care Reimbursement Accounts

401(k) plan

Paid Time Off

Paid Holidays

Qualifications

• 10+ years of experience in consulting, especially in commercial lines.
• Experience leading digital transformation and modernization programs.

Responsibilities

• Advise clients on strategy and business process improvements.
• Lead teams for digital transformation and project management.

Skills

Commercial Insurance Knowledge

Digital Transformation

Project Management

Client Relationship Management

Business Process Optimization

Education

Bachelor’s Degree

MBA or Equivalent

Tools

Guidewire

Duck Creek

Job description

FSI/Principal - Commercial Insurance – Business Consulting Principal - Business Consulting

Basking Ridge, NJ, Chicago, IL, New York, NY

State / Region / Province

Country

USA

Domain

Consulting

Interest Group

Skills

Company

ITL USA

Requisition ID

132414BR

Principal - Commercial Insurance – Business Consulting

About the Role:
Infosys Consulting is seeking an experienced Principal Business Consultant to partner and manage our various Insurance (Property & Casualty, Specialty Lines, Reinsurance) Carriers and Brokerage clients. Strong experience in managing consulting engagements and advising clients - Strategy, roadmap, business case development, business process improvements across any part of the insurance value chain (New Business & Underwriting, Sales and Distribution, Policy Administration and Servicing, Billing & Collection, Contact Center, Claims, etc.) is strongly preferred, with a team of consultants. This requires travel, working onsite, depending on where the client is located. Qualified applicants are encouraged to apply.

Responsibilities:
The applicant should have experience in advising commercial lines Carriers and Brokerage client executives, both business and IT, and experience leading teams for digital transformation, platform modernization programs, product development and internal/external consulting engagements. Applicant should have some of the following experiences in the commercial lines industry:

• Products – ISO Products, Commercial Auto, General Liability, Business Owner’s Policy, Multiperil Packaged Products, Workers Compensation, Admitted and Surplus lines.
• Functional Areas – Product Development, Agency Management, Underwriting, Loss Control, Policy Servicing, Claims, TPA, and Advisor services.
• Digital transformation programs or modernization programs.
• Program and Project Management of various initiatives in the Commercial Insurance and Brokerage space
• Platform implementations, legacy transformation, and digitization of services across the commercial lines value chain.
• Business operations in problem identification, analysis, and recommendation – analysis of current state, root cause analysis, developing insights, identifying solutions, and designing future state.
• Business process optimization, re-engineering and applying AI and Automation to streamline
• Commercial lines platforms like Guidewire, Duck Creek and/or other modern commercial lines platforms.

Job description

Principal - Commercial Insurance – Business Consulting

About the Role:
Infosys Consulting is seeking an experienced Principal Business Consultant to partner and manage our various Insurance (Property & Casualty, Specialty Lines, Reinsurance) Carriers and Brokerage clients. Strong experience in managing consulting engagements and advising clients - Strategy, roadmap, business case development, business process improvements across any part of the insurance value chain (New Business & Underwriting, Sales and Distribution, Policy Administration and Servicing, Billing & Collection, Contact Center, Claims, etc.) is strongly preferred, with a team of consultants. This requires travel, working onsite, depending on where the client is located. Qualified applicants are encouraged to apply.

Responsibilities:
The applicant should have experience in advising commercial lines Carriers and Brokerage client executives, both business and IT, and experience leading teams for digital transformation, platform modernization programs, product development and internal/external consulting engagements. Applicant should have some of the following experiences in the commercial lines industry:

• Products – ISO Products, Commercial Auto, General Liability, Business Owner’s Policy, Multiperil Packaged Products, Workers Compensation, Admitted and Surplus lines.
• Functional Areas – Product Development, Agency Management, Underwriting, Loss Control, Policy Servicing, Claims, TPA, and Advisor services.
• Digital transformation programs or modernization programs.
• Program and Project Management of various initiatives in the Commercial Insurance and Brokerage space
• Platform implementations, legacy transformation, and digitization of services across the commercial lines value chain.
• Business operations in problem identification, analysis, and recommendation – analysis of current state, root cause analysis, developing insights, identifying solutions, and designing future state.
• Business process optimization, re-engineering and applying AI and Automation to streamline
• Commercial lines platforms like Guidewire, Duck Creek and/or other modern commercial lines platforms.

Other Qualifications:

• Bachelor’s degree or foreign equivalent required.
• MBA or equivalent advanced degree, Industry-related certification preferred.
• Minimum of 10 years of relevant work experience with 5 years of experience in comparable consulting services.
• Strategic mindset and the ability to lead and develop other project managers.
• Multitask, engage with stakeholders, plan effectively, and consistently achieve operational goals.
• Act as a liaison and spokesperson for the program.
• Excellent relationship-building abilities.
• Ability to identify program risk and develop mitigation strategies, have program level financial acumen.
• Ability to collaborate with resources in global delivery model.
• Experience in leading programs using Agile and/or hybrid methodologies.

Additional Consulting Responsibilities:

• Client Relationship and Development: Represents Infosys to client – leads team’s interactions with client. Routinely and effectively handles senior client interactions, including problems and escalations. Builds and maintains client relationships that can be leveraged to sell additional Infosys work.
• Client Delivery: Manages complex client delivery programs. Responds well to delivery challenges. Anticipates client needs and finds solutions.
• Value and Expertise: Establishes clear platform and builds out knowledge, IP and team to deliver platform offerings. Mentors and teaches others in platform area. Establishes national-level reputation as internal expert in platform area.
• People Development and Learning: Coaches project team members and counselees on both soft and hard skills. Adjusts style and approach to get the most out of each individual. Identifies and addresses training and development needs of project team members and counselees. Supports delivery of formal and informal training programs; actively engages in developing and delivering training.
• Leadership and Firm Development: Demonstrates excellent project leadership. Sets objectives, monitors performance, provides feedback. Balances firm and team member priorities. Leads innovation for project or practice. Identifies opportunities, leads design and realization, improves delivery or offerings. Plays key role in practice or firm-level initiatives and leadership activities. Plays a key role in practice or firm-building activities. Takes bottom-line responsibility for firm building deliverables or activities.

Additional information

• Travel to client sites and for practice work efforts is required on a regular basis.
• Candidates authorized to work for any employer in the United States without employer-based visa sponsorship are welcome to apply. Infosys is unable to provide immigration sponsorship for this role at this time.

Estimated annual compensation range for candidates in the below locations will be-
New York, NY: $123,500 to $154,500,
Bridgewater, NJ: $123,500 to $154,500,
Chicago, IL : $123,500 to $154,500

General Information:
This job description may not cover or contain a comprehensive listing of all activities, duties and responsibilities that are required of the employee.

Along with competitive pay, as a full-time Infosys employee you are also eligible for the following benefits: -

• Medical/Dental/Vision/Life Insurance
• Long-term/Short-term Disability
• Health and Dependent Care Reimbursement Accounts
• Insurance (Accident, Critical Illness, Hospital Indemnity, Legal)
• 401(k) plan and contributions dependent on salary level
• Paid holidays plus Paid Time Off

About Us
Infosys Consulting is the global management and technology consulting practice of Infosys, a global leader in technology services and consulting. We combine the power of time-tested methodologies, people-driven innovation and disruptive technology to enable leaders of the world’s top brands pursue a path of smart transformation. Together with our clients, internal and external partners, we co-create and execute pragmatic strategies and solutions that transform organizations and define the future of business. Our dynamically growing consultancy offers our consultants:
• Ability to design and implement end-to-end solutions at scale
• A flat organization structure with direct access to our senior-most leaders
• An entrepreneurial environment full of bright, highly motivated consultants
• Opportunities for motivated consultants to impact local communities
• The ability to design your career and drive your professional learning and development
• A truly global culture

Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Infosys provides equal employment opportunities to applicants and employees without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability.