Summary
Overview
Work History
Education
Skills
Summary Of Experience
Certification
Timeline
Generic

Sumit Kothari

Shrirampur

Summary

To associate myself with organization to contribute towards the growth of organization and strive hard for the organizational as well as professional growth while being resourceful, innovative, and flexible. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.

Overview

9
9
years of professional experience
1
1
Certification

Work History

Business Analyst (Conversion)

DXC Technology
12.2021 - Current
  • Reviewed and updated product specifications in the Product Wizard table using SQL database, ensuring accuracy and compliance with policy details for Annuities, Trad & UL products
  • Collaborated with cross-functional teams to address tickets related to policy conversions, leading to reduction in outstanding issues
  • Analyses and optimized Rate and Cash Value files for insurance products, conversion rates across all products
  • Collaborated with cross-functional teams using JIRA, Confluence, Product Wizard, and WMA applications to streamline processes for balancing reports from source applications to target applications
  • Calculated account values identifying discrepancies in surrender charges and market value adjustments
  • Optimized Product Wizard tool by incorporating Declare, guarantee interest rates
  • Created Fact sheets based on product rules & requirements to provide clear information for clients & Testing teams
  • Analyses payout types including Life only, Lump sum payment, and Joint and survivor life to streamline product offerings.
  • Actively participated in team meetings to share knowledge, exchange ideas, address challenges, and collaborate on potential solutions.

Subject Matter Expert

Tata Consultancy Services
08.2019 - 11.2021
  • Calculated interest, state, and federal tax for life insurance claims, resulting in accurate and timely payments to client
  • Reviewed service requests, escalations, and breakages to identify trends and areas for improvement, processing time and increase in customer satisfaction
  • Developed process improvement job-aids and conducted quality audits to streamline operations and ensure adherence to regulatory standards, resulting in errors
  • Calculating interest, state & federal Tax to pay the claim
  • Trained and onboarded 10 new examiners on company policies and procedures.
  • Mentored junior team members, contributing to their professional growth and development.

Senior Process Executive

Cognizant Technology Solutions
08.2017 - 07.2019
  • Worked in New Business team from 02 August 2017 to 31st July 2019
  • Executed comprehensive analysis of retirement process within New Business team at Cognizant setting up new applications and issuing contracts
  • Identified errors in breakages reports and implemented corrective measures, leading to 20% reduction in processing errors
  • Collaborated with team members to streamline Letter of Acceptance and Transfer of Assets process

Process Executive

EXL Look Deeper
10.2015 - 07.2017
  • Worked in EXL Services (Retirement Products) Process Executive in New Business& Financial Reconciliation Team
  • Worked on New applications, issue contracts & apply add on payment
  • Worked on Letter of acceptance or Transfer of Assets.

Education

Bachelor of Commerce - Banking And Financial Support Services

C.D Jain College Shrirampur (Savitribai Phule Pune University)
Shrirampur
06.2015

Skills

  • Business process improvement
  • Business Planning
  • Test case scenarios
  • Forecasting and planning
  • Business Analysis
  • Team Collaboration

Summary Of Experience

Experience in US Life insurance, new business, Retirement services & Annuities. Working on Conversion project which require expertise on setting up of Rate file, Plan definition/Cash value files for insurance products like Annuities, VUL & Trad. Analysis on Financial and Non-Financial Transection's. SQL Review on data files Working on Balancing reports source application to Target application, Working on JIRA, Confluence, Product Wizard, WMA application's.

Certification

  • Completed LOMA 281, 291, 302, 308 & 321 (ALMI)
  • Completed Six Sigma, White, Yellow & Green Belt

Timeline

Business Analyst (Conversion)

DXC Technology
12.2021 - Current

Subject Matter Expert

Tata Consultancy Services
08.2019 - 11.2021

Senior Process Executive

Cognizant Technology Solutions
08.2017 - 07.2019

Process Executive

EXL Look Deeper
10.2015 - 07.2017

Bachelor of Commerce - Banking And Financial Support Services

C.D Jain College Shrirampur (Savitribai Phule Pune University)

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Sumit Kothari