Application Lead
Accenture
5 - 10 years
Bengaluru
Posted: 9/9/2024
Job Description
Project Role Description : Lead the effort to design, build and configure applications, acting as the primary point of contact.
Must have skills : Business Requirements Analysis
Good to have skills : NA
Minimum 7.5 year(s) of experience is required
Educational Qualification : 15 Year
We are seeking a passionate and analytical Business Analyst to join our dynamic Retirement Services team. In this role, you will play a pivotal role in identifying and driving impactful improvements across our services, helping us deliver exceptional value to our clients as they plan for and navigate their retirement journey. Responsibilities: Conduct in-depth analysis of business processes, systems, and data to identify opportunities for improvement and optimization. Partner with key stakeholders across the organization to understand needs, challenges, and objectives. Elicit, document, and analyze business requirements for new initiatives, projects, and enhancements. Develop clear and concise user stories and functional specifications. Evaluate potential solutions and technologies, assessing their feasibility, cost-effectiveness, and impact. Collaborate with IT teams to translate business requirements into technical specifications. Manage project scope, timelines, and resources, ensuring projects are delivered on time and within budget. Create and maintain comprehensive documentation, including requirements documents, process maps, and user guides. Present findings and recommendations to stakeholders in a clear and compelling manner. Stay up-to-date on industry trends and best practices in retirement services. Qualifications: X-years of experience as a Business Analyst, preferably in the financial services or retirement services industry. Deep experience/knowledge in more than 2 of the following areas Institutional Servicing (remittance services, plan management, sponsor management), Distributed Transactions (Money In - Money Out , Transaction Mgmt, accumulation-deaccumulation), Offer Selection and Mgmt (Onboarding (plan/sponsor/participant, setup & change ), Education & Advice (Retirement advisory, Financial Wellness), Participant management, Account Management ( Customer Profile, Customer Account information, Saving and Investing), reporting, customer service, Annuity Servicing, Engagement & Distributions (Enrollment and Onboarding), Financial products ( Defined Contributions, Lifetime Investment Solutions) Marketing ( Messaging and Communications). Working experience on Agile, DevOps. Good to have experience working as a Scrum master. Working experience on OMNI is preferred. Strong analytical and problem-solving skills. Excellent communication and presentation skills, both written and verbal. Ability to work independently and as part of a team. Proficient in MS Office Suite, with experience in data analysis tools preferred. Knowledge of industry regulations and standards related to retirement plans a plus. Financial knowledge: Financial Knowledge: Sound understanding of Retirement space- at least in 2 areas Institutional Servicing (remittance services, plan management, sponsor management), Distributed Transactions (Money In - Money Out , Transaction Mgmt, accumulation-deaccumulation), Offer Selection and Mgmt (Onboarding (plan/sponsor/participant, setup & change ), Education & Advice (Retirement advisory, Financial Wellness), Participant management, Account Management ( Customer Profile, Customer Account information, Saving and Investing), reporting, customer service, Annuity Servicing, Engagement & Distributions (Enrollment and Onboarding), Financial products ( Defined Contributions, Lifetime Investment Solutions) Marketing ( Messaging and Communications). Good understanding of some of the topics: o Types of retirement accounts: IRAs, 401(k)s, Roth IRAs, pensions, and health savings accounts (HSAs). o Tax implications: Understanding of tax laws and regulations related to retirement savings and distributions. o Investment strategies: Familiarity with investment vehicles, asset allocation, and risk management strategies suitable for retirees. o Estate planning: Basic understanding of estate planning concepts and their impact on retirement assets. o Products and Services: understanding of Retirement product offerings, including annuities, investment accounts, life insurance, and retirement planning tools. o Plan rules and regulations: Knowledge of plan specific rules, enrollment procedures, contribution limits, withdrawal options, and loan features. o Compliance requirements: Understanding of ERISA, SECURE Act 2.0 and other regulatory requirements governing retirement plans. Skills: Prior experience as a Product Owner in an agile environment. Strong understanding of agile methodologies (e.g., Scrum, Kanban) and experience working with agile teams. Excellent communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and stakeholders. Ability to prioritize competing demands and make data-driven decisions. Experience with product management tools such as Jira, Rally. Familiarity with software development processes and technologies. Analytical mindset with the ability to interpret data and user feedback to drive product improvements. Creative problem-solving skills and a proactive attitude towards addressing challenges. Strong leadership skills with the ability to motivate and inspire teams towards a common goal. Additional Skills: Problem-solving and Analytical Skills: Ability to identify and resolve discrepancies in data, investigate missing information, and analyze recordkeeping trends. Project Management: Experience managing recordkeeping-related projects on time and within budget. Attention to Detail: Ability to work meticulously and ensure accuracy in recordkeeping tasks.
About Company
Accenture is a global professional services company that provides a broad range of services in strategy, consulting, digital, technology, and operations. Headquartered in Dublin, Ireland, Accenture operates in more than 120 countries and serves clients in various industries, including finance, healthcare, technology, and consumer goods. The company focuses on delivering innovative solutions and digital transformation services to help businesses improve efficiency, enhance performance, and drive growth. Accenture is known for its extensive use of technology and data analytics to solve complex business challenges and maintain a competitive edge in a rapidly changing market.
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