Senior Consultant - Life and Annuity Insurance Consulting

Infosys • Chicago, MA

1d

About The Position

Senior Consultant, Life Insurance, North America The applicant should have experience in advising Life Insurance client executives, both business and IT, and experience leading teams for digital transformation, platform modernization programs, product development and internal/external consulting engagements. Applicants should have some of the following experiences in the Life Insurance industry: Life Insurance experience: Business Products – Life Insurance and Annuities Functional Areas – Distribution, Marketing, New Business, Underwriting, Policy Servicing/Policy Administration, Claims, Regulatory Compliance, Producer Lifecycle – Contracting/Licensing, Compensation and Sales Reporting, etc. Experience in latest trends in Insurance space like adoption of AI, data-driven underwriting, digitization of customer journey, operations optimization, etc. Digital transformation, modernization, or platform implementation programs across the Life 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. Life Insurance platforms like ALIP, Oracle Policy Admin for L&A, Majesco, Fineos, etc. Other Qualifications Bachelor’s degree or foreign equivalent required. MBA or equivalent advanced degree, Industry-related certification preferred. 3 to 10 years of relevant work experience with a Life insurer or comparable consulting services. Strategic mindset and the ability to collaborate with other team members. Multitask, engage with stakeholders, plan effectively, and consistently achieve operational goals. Excellent relationship-building abilities. Ability to collaborate with resources in global delivery model. Experience in Agile and/or hybrid methodologies. Additional Consulting Responsibilities Client Relationship and Development: Regularly interacts with clients, including clients at senior levels. Expresses himself/herself well to clients and answers questions fluidly. Earns client’s respect. Client Delivery: Delivers high-quality client outputs on time, independently: Seeks advice and counsel where needed. Begins to mentor and direct the efforts of others. Consulting Behaviors: Works independently with minimal oversight. Identifies and seizes opportunities by taking decisive action. Maintains flexibility on the job; adjusts schedule, tasks, and priorities when necessary. Demonstrates learnability. Shows willingness to step outside of comfort zone and take on new challenges and responsibilities. Engages in firm and practice building. Core Consulting Skills: Constructs simple, complete, compelling business cases to support recommendations. Masters facilitation and meeting skills; plans and leads effective meetings; understands different decision-making styles and drives decision-making. Masters basic presentation skills. Delivers credible presentations for client work; leads discussions with clients at peer or team lead level. Develops focused expertise in a particular horizontal or vertical area.

Requirements

• Life Insurance experience: Business Products – Life Insurance and Annuities
• Functional Areas – Distribution, Marketing, New Business, Underwriting, Policy Servicing/Policy Administration, Claims, Regulatory Compliance, Producer Lifecycle – Contracting/Licensing, Compensation and Sales Reporting, etc.
• Experience in latest trends in Insurance space like adoption of AI, data-driven underwriting, digitization of customer journey, operations optimization, etc.
• Digital transformation, modernization, or platform implementation programs across the Life 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.
• Life Insurance platforms like ALIP, Oracle Policy Admin for L&A, Majesco, Fineos, etc.
• Bachelor’s degree or foreign equivalent required.
• 3 to 10 years of relevant work experience with a Life insurer or comparable consulting services.
• Strategic mindset and the ability to collaborate with other team members.
• Multitask, engage with stakeholders, plan effectively, and consistently achieve operational goals.
• Excellent relationship-building abilities.
• Ability to collaborate with resources in global delivery model.
• Experience in Agile and/or hybrid methodologies.

Nice To Haves

• MBA or equivalent advanced degree, Industry-related certification preferred.

Responsibilities

• Client Relationship and Development: Regularly interacts with clients, including clients at senior levels. Expresses himself/herself well to clients and answers questions fluidly. Earns client’s respect.
• Client Delivery: Delivers high-quality client outputs on time, independently: Seeks advice and counsel where needed. Begins to mentor and direct the efforts of others.
• Consulting Behaviors: Works independently with minimal oversight. Identifies and seizes opportunities by taking decisive action. Maintains flexibility on the job; adjusts schedule, tasks, and priorities when necessary. Demonstrates learnability. Shows willingness to step outside of comfort zone and take on new challenges and responsibilities. Engages in firm and practice building.
• Core Consulting Skills: Constructs simple, complete, compelling business cases to support recommendations. Masters facilitation and meeting skills; plans and leads effective meetings; understands different decision-making styles and drives decision-making. Masters basic presentation skills. Delivers credible presentations for client work; leads discussions with clients at peer or team lead level. Develops focused expertise in a particular horizontal or vertical area.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees