Business SME

  • Full-time
  • Verisk Business: FAST

Company Description

FAST, which stands for “Flexible Architecture, Simplified Technology,” is a Verisk (NASDAQ: VRSK) business that offers a suite of out-of-the-box software components insurers can use to quickly modernize their current environments or replace their legacy systems. FAST, which has a U.S. office in Iselin, New Jersey and an international office in Hyderabad, India, was founded in 2010 to provide an alternative to the overly burdensome solutions available in the market. 

At FAST, we recognize that each insurance company faces a unique set of issues and challenges, and that a tremendous amount of creativity and capability is required to craft and implement the best solution. That’s why FAST was built on an agile mindset. FAST, in concert with Verisk, is focused on providing innovative technology and analytics solutions for the life insurance industry. We’re continuously learning and improving, constantly challenging the status quo, and always seeking a “win/win” for our customers, partners, and employees. We reduce the time to market, eliminating risk and lowering the cost of standing up and maintaining core insurance systems. 

We continue to leapfrog the competition through Gartner’s Magic Quadrant for Life Insurance Policy Admin Systems, North America. FAST was first recognized in Gartner’s 2015 Magic Quadrant and after only three years became the youngest company to make Gartner’s leadership quadrant (upper-right). 

We are proud to be a part of the Verisk family of companies! 

At the heart of what we do is help clients manage risk. Verisk (Nasdaq: VRSK) provides data and insights to our customers in insurance, energy and the financial services markets so they can make faster and more informed decisions.   

Our global team uses AI, machine learning, automation, and other emerging technologies to collect and analyze billions of records. We provide advanced decision-support to prevent credit, lending, and cyber risks. In addition, we monitor and advise companies on complex global matters such as climate change, catastrophes, and geopolitical issues.  

But why we do our work is what sets us apart. It stems from a commitment to making the world better, safer and stronger.  

It’s the reason Verisk is part of the UN Global Compact sustainability initiative. It’s why we made a commitment to balancing 100 percent of our carbon emissions. It’s the aim of our “returnship” program for experienced professionals rejoining the workforce after time away. And, it’s what drives our annual Innovation Day, where we identify our next first-to-market innovations to solve our customers’ problems.   

At its core, Verisk uses data to minimize risk and maximize value. But far bigger, is why we do what we do. 

At Verisk you can build an exciting career with meaningful work; create positive and lasting impact on business; and find the support, coaching, and training you need to advance your career. We have received the Great Place to Work® Certification for the fourth consecutive year. We’ve been recognized by Forbes as a World’s Best Employer and a Best Employer for Women, testaments to our culture of engagement and the value we place on an inclusive and diverse workforce.  Verisk’s Statement on Racial Equity and Diversity supports our commitment to these values and affecting positive and lasting change in the communities where we live and work.  

Job Description

The Business SME works as a consulting team member or an individual consultant, providing crucial knowledge, expertise, research, and formulated analysis on an implementation, enhancement, integration, or special project(s). Expertise and work efforts are focused on the research, analysis, and implementation of client goals, and on the needs of the general business environment. Duties may be performed at customer’s site. They may serve as a pre-sales support specialist when needed. The Business SME is able to work unsupervised and exercises completely independent judgement when providing solutions to issues and assisting peers. They conduct the most complex and vital work that is critical to the organization.
Essential Duties and Responsibilities
30% - 50% Provides guidance to less experienced staff, as needed, may assist in employment related decisions and matters.
30% - 50% Works on medium to large-sized, single or multi-product implementation projects, usually with multiple computer environments where design is extremely complex:
o Performs configuration tasks on multiple major FAST system components.
o Interviews clients during requirements gathering exercises and documents findings in a Business Systems Requirements (BSR) or Business Requirements Definition Document (BRD).
o Facilitates and manages design sessions regarding business functionality and/or product logic with customer(s). Runs product design sessions and business with customers.
o Using detailed knowledge of regulations, calculations and processing, routinely guides detailed discussions with customers regarding at least two (2) of the following product types: UL/VUL, Traditional Products, Deferred Annuities and Immediate Annuities.
o Shares business knowledge with subordinate or peer business analysts through mentoring and/or group presentations.
o Authors functional specifications from limited BSR(s), or with no BSR(s), through independent discussions with customers.
o Authors functional specifications for multiple FAST solutions: Home Office, Administration, Payout Administration, Application, Underwriting, Illustrations Calculations, Illustrations and Technical Integration.
o Estimates time frames, quality and quantity of resources required to successfully implement project; assists in developing project plan incorporating all project variables.
o Provides periodic status checks with customers and team to assess progress against plan. Performs re-forecasts of project variables as necessary throughout project.
o Prepares status reports, as needed, on all project activities.
o Guides and shapes discussion with customers on best practices.
o Breaks down stories into requirements and requirements into tasks.
o Engages in process modeling and data modeling.
<15% Serves as SME-level pre-sales support and post-sales technical support specialist when needed.
<15% Acts as a liaison between customers and company.

Qualifications

Essential Education and Work Experience
Bachelor's degree in business, marketing, sales or computer science. Advanced degree desirable. Typically requires ten or more years of experience in relevant Life & Annuity industry business practices, or business consulting. In-depth knowledge of the financial services (Life & Annuity) industry, organization, and experience with technical consulting required.
Specialized Knowledge and Skills
The Business SME must be intellectually curious, and demonstrate excellent presentation, organization, and planning skills. They will possess outstanding interpersonal and communication skills, allowing them to work well as a team member and customer liaison.
The Business SME must have highly proficient PC skills, specifically within Microsoft Office and database software, preferably having prior technical experience. They will be proficient in System Usage on an advanced level. They will be able to create stories and manage governance data, and perform moderate to complex configuration tasks.
Expert industry, operational, and FAST specific knowledge essential.
Equipment and Applications
PCs, spreadsheets, and various other software applications. Proficiency in Microsoft Office required.

Additional Information

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability.

http://www.verisk.com/careers.html

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume. 

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