VIVEK YADAV

Worked on PAS Project for Leading Insurance Analytics Firm

• Business analysis including gather, analyze and document business and system requirements
• Current role involves project effort estimation based on requirements
• Able to collaborate with business users to assess the complexity and elicit effort estimation.
• Experience working in P&C Insurance Domain – Personal, Commercial or Specialty insurance
• Touched upon technology trends like Cloud, Analytics, Data, IPA/RPA, AI/ML, and their applications in the Insurance Industry while delivering the Projects assigned.
• Have worked on Insurance PAS products including Policy Decision, Billing decisions, database - SQL Server, ACORD XML, Agency Portal, BI Tools.

Business Analyst for Commercial Underwriting Department

• Managed product development initiative mandated by IRDAI which includes filing wordings, creating Quotation/Rater templates for all Commercial Lines of Business
• Drove operational improvements which resulted in fast quote and renewal mechanism to enhance the conversion of business.
• Part of projects including product set-up, product implementation and complete understanding of transactions across insurance policy life cycle
• Coordinating with business team for gathering requirements using various technique/models, writing BRD/FSD, user stories
• Elicitation of requirements to tech team
• Working closely with delivery team to provide clarifications and also assist in drafting test scenarios and validating work product
• Auto-renewal mechanism development in coordination with IT, claims, operations & sales team
• Rater development for Property & Engineering line of business and developing bulk quotation set up for NBFC alongwith various stakeholder

Underwriting Technology Initiatives

• Managed Third Party Application development (API based solution) for Property insurance together with development team of Third Party and Insurer.
• Facilitated Google Script based Rater development for Property & Miscellaneous lines of business with external IT services partner
• Collaborated with development team of IT services Partner to develop Fire Integrated platform development (Policy Admin System)
• Facilitated New booking set up as per Product and UW guidelines, conducting system’s UAT,
  Created excel based Rater and bulk quoting uploader set up for Property & Misc. Products.
• Prepared BRD and ensured end to end solution for improving the process of policy issuance, cancellation, and refund as per tariff guidelines
• BRD prepared for Property risk assessor in coordination with Risk Engineering team to create an Evaluator of fire hazard risk for individual quotations.

Accounting, Financial Analysis & Audit of different type of Firms

• Performed auditing work in accordance with rigorous auditing standards and principles for industries in engineering, manufacturing, non-profit and human resources.
• Reviewed general ledger transactions to identify errors or irregular entries.
• Recommended changes in internal audit controls.
• Assessed financial statements and records.
• Performed extensive assessments of assets, liabilities and equity to verify accuracy in financial reports.
• Provided feedback to corporate management concerning findings and recommendations resulting from assessments or projects.
• Established audit and internal control procedures and recommended process improvements to address issues.
• Followed up to assess and report corrective action completion or progress.
• Consulted decision-makers to gather information and, resolve audit-related problems.
• Reviewed and assessed accounting systems and business controls.
• Analyzed trends in financial data to investigate fluctuation.
• Identified various risks and errors to propose corrective action to decision makers.
• Handled planning and budgeting for audit engagements.
• Reviewed accounting clients' financial data systems to determine functional compliance.
• Developed strategic recommendations for improving processes and reviewed suitability of internal control designs.
• Participated in corporate assessments, examining policies and procedures for inconsistencies.
• Preparation of books of account of Individual, Partnership firms, Co-operative Societies, Private Limited Companies, and their reconciliation, consolidation and Balance sheet finalization
• Part of various audits like statutory audit, internal audit, stock audit, tax audit of banks, private limited company, partnership firms and individual assesses
• Preparation of direct tax returns of individual, company, partnership firm and co-operative societies
• State VAT & CST sales tax return filing of partnership firm and companies assesses
• On deputation in a Small IT firm for 6 months to streamline all the books of accounts facilitating direct and indirect tax returns, EPF returns submission and help convene Statutory Audit for the financial year 2014-15