Job Description: Product Owner – Insurance Domain
Position Description
Company Profile:
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2024 reported revenue is CA$14.68 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
Job Title: Product Owner - Insurance
Position: Senior/Lead Software Engineer
Experience: 6 + Years
Category: Software Development/ Engineering
Shift: Timing/rotation etc. details
Main location: India, Karnataka, Bangalore and Hyderabad.
Employment Type: Full Time
Education Qualification: Bachelor's degree in Computer Science or related field or higher with minimum 3 years of relevant experience.
Position Summary
We are seeking an experienced Product Owner with 6+ years of overall experience, including strong exposure to the insurance domain and Agile product delivery. The Product Owner will be responsible for translating business needs into clear product requirements, managing and prioritizing the product backlog, and working closely with business stakeholders, architects, engineering, quality assurance, and implementation teams to deliver high quality insurance solutions.
The ideal candidate should have a sound understanding of insurance products, rating processes, policy administration, underwriting, and product configuration. Experience with Ratabase will be an added advantage.
Your future duties and responsibilities
Key Responsibilities
. Own and manage the product backlog in alignment with the product vision, roadmap, client priorities, and business objectives.
. Work with insurance business stakeholders, subject matter experts, clients, and internal teams to gather, analyze, and document requirements.
. Convert business requirements into clear and actionable: Epics Features User stories Acceptance criteria Business rules Process flows
. Prioritize backlog items based on business value, client impact, risk, dependencies, regulatory requirements, and delivery capacity.
. Ensure user stories are sufficiently refined and ready for sprint planning and development.
. Collaborate with engineering, architecture, UX, quality assurance, infrastructure, and implementation teams throughout the product development lifecycle.
. Participate in Agile ceremonies, including: Backlog refinement Sprint planning Daily stand ups Sprint reviews and demonstrations Retrospectives Program Increment planning, where applicable
. Clarify functional requirements and provide timely decisions to development and testing teams.
. Define acceptance criteria and review completed features to ensure they meet business and functional expectations.
. Support functional testing, defect triage, user acceptance testing, release readiness, and production implementation activities.
. Evaluate defects and enhancement requests based on severity, business impact, and product strategy.
. Maintain product documentation, requirement traceability, release scope, and stakeholder communication.
. Identify dependencies, risks, assumptions, and gaps early in the delivery lifecycle and drive them to resolution.
. Monitor product adoption, quality, client feedback, and delivery outcomes to support continuous improvement.
. Contribute to product roadmap planning and provide inputs for effort estimation, release planning, and prioritization.
. Ensure delivered functionality complies with insurance business rules, audit requirements, security standards, and applicable regulations.
. Stay informed about insurance industry trends, digital transformation, automation, and emerging technologies.
Required qualifications to be successful in this role
Required Qualifications and Experience
. Bachelor's degree in Computer Science, Information Technology, Business Administration, Insurance, or a related field.
. 6+ years of overall experience in business analysis, product ownership, product management, or software delivery.
. At least 3 years of experience working as a Product Owner, Business Analyst, or equivalent role in an Agile software development environment.
. Strong experience in the insurance domain, preferably Property and Casualty insurance.
. Good understanding of one or more of the following: Insurance product configuration Rating and premium calculation Underwriting rules Policy lifecycle Quotes, endorsements, renewals, cancellations, and reinstatements Forms and filings Rules, rates, factors, tables, and formulas Policy administration systems
. Experience creating and managing epics, features, user stories, acceptance criteria, and product backlogs.
. Strong knowledge of Agile and Scrum methodologies.
. Experience using tools such as Jira, Confluence, Azure DevOps, or equivalent product management platforms.
. Ability to understand technical concepts, APIs, databases, integrations, application workflows, and non functional requirements.
. Strong analytical, problem solving, decision making, and prioritization skills.
. Excellent written and verbal communication skills.
. Ability to work effectively with distributed and cross functional teams.
. Strong stakeholder management and client facing capabilities.
Preferred Qualifications
. Experience with commercial insurance or personal lines products such as: Personal Auto Commercial Auto General Liability Workers' Compensation Businessowners Policy Property Inland Marine Umbrella or Excess Liability
. Experience working with insurance policy administration or rating platforms.
. Exposure to Guidewire, Duck Creek, Majesco, or similar insurance technology platforms.
. Experience supporting client implementations, migrations, upgrades, or production releases.
. Knowledge of insurance regulatory and bureau filings, including ISO, NCCI, or state specific requirements.
. Product Owner or Agile certifications such as: Certified Scrum Product Owner SAFe Product Owner/Product Manager PMI Agile Certified Practitioner
. Exposure to AI assisted product delivery, requirements analysis, automation, or software development tools.
Key Competencies
. Product vision and ownership
. Insurance domain expertise
. Business and systems analysis
. Backlog management and prioritization
. Requirements elicitation and documentation
. Stakeholder and client management
. Agile product delivery
. Decision making and problem solving
. Cross functional collaboration
. Release and dependency management
. Quality and client outcome focus
CGI is an equal opportunity employer. In addition, CGI is committed to providing accommodation for people with disabilities in accordance with provincial legislation. Please let us know if you require reasonable accommodation due to a disability during any aspect of the recruitment process and we will work with you to address your needs
Together, as owners, let’s turn meaningful insights into action.
Life at CGI is rooted in ownership, teamwork, respect and belonging. Here, you’ll reach your full potential because…
You are invited to be an owner from day 1 as we work together to bring our Dream to life. That’s why we call ourselves CGI Partners rather than employees. We benefit from our collective success and actively shape our company’s strategy and direction.
Your work creates value. You’ll develop innovative solutions and build relationships with teammates and clients while accessing global capabilities to scale your ideas, embrace new opportunities, and benefit from expansive industry and technology expertise.
You’ll shape your career by joining a company built to grow and last. You’ll be supported by leaders who care about your health and well-being and provide you with opportunities to deepen your skills and broaden your horizons.
That same commitment to fairness extends to how we use technology. To support our recruitment team, AI tools may be used to help assess applications though they never replace human judgement. All hiring decisions remain entirely in the hands of our recruitment professionals.
Come join our team—one of the largest IT and business consulting services firms in the world.
