Guidewire developer Jobs

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Product Owner - PAS

Newgen Software -
Noida, Uttar Pradesh

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Job details

Qualifications

Business analysis
IFRS
Master's degree
Analysis skills
APIs
Business requirements

Full job description

Role Overview The Functional Product Owner (PO) will own the business functionality and roadmap of the Policy Administration System (PAS) for Property & Casualty insurance. The role acts as the funct

Role Overview The Functional Product Owner (PO) will own the business functionality and roadmap of the Policy Administration System (PAS) for Property & Casualty insurance. The role acts as the functional guide for technology teams, ensuring that the PAS supports end-to-end policy lifecycle processes while remaining configurable, compliant, and scalable. Key Responsibilities 1. Product Ownership & Roadmap • Own the functional vision and roadmap for the P&C PAS covering: o Product setup & configuration o Rating & underwriting rules o Policy issuance, claims, endorsements, renewals, cancellations o Billing, collections & refunds • Prioritize features and enhancements based on business value, regulatory needs, and operational efficiency. 2. Business Requirements & Backlog Management • Translate business needs into functional specification document • Maintain and groom the product backlog in alignment with market needs and changing technology landscape • Ensure traceability from business requirements system functionality. 3. Insurance Domain Leadership (P&C) • Act as a subject matter expert on P&C insurance products such as: o Motor o Property/Fire o Liability o Marine / Engineering • Ensure PAS supports: o Underwriting guidelines o Policy conditions, deductibles, limits, sub-limits o Claims, Endorsements, Cancellation, Reinstatement o Co-insurance, reinsurance functionalities • Incorporate regulatory and compliance requirements (e.g., IRDAI, IFRS 17, 64VB). 4. Stakeholder Management • Work closely with: o Business Analysts o IT architects, developers, QA, UI/UX team, and Insurtech vendors • Lead workshops for: o Process mapping o Product configuration o Gap analysis between business needs and PAS capabilities 5. Release & Commissioning o Serve as Product Owner in: Release planning and reviews, Backlog refinement And Testing and sign-off • Ensure timely delivery of releases with high functional quality. • Support product testing by validating scenarios, edge cases, and exceptions. 6. Integration & Ecosystem Alignment • Define functional requirements for PAS integrations with: o External APIs (KYC, payment gateways, vehicle/property data sources) o Insurtechs Required Skills & Experience • Strong hands-on experience in P&C insurance operations and systems. • Deep understanding of policy lifecycle management. • Familiarity with insurance regulations. PAS & Technology • Experience working with PAS platforms such as: o Guidewire o Duck Creek o Insurity o TCS BaNCS / Majesco / other PAS platforms • Ability to understand configuration models, rating engines, and workflows. Product & Delivery • Proven experience as a Product Owner / Functional Lead / Business Analyst. • Experience in large transformation or core system modernization programs. Soft Skills • Excellent stakeholder communication. • Strong analytical and problem-solving abilities. • Ability to challenge business requirements constructively. • Comfortable working in cross-functional environment. Preferred Qualifications • Master’s degree in Insurance or Management. • Insurance certifications

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