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Maconomy - Functional Analyst

Cognizant

0 - 3 years

Bengaluru, Mumbai, Pune

Posted: 27/08/2025

Job Description


Job Summary

The Functional Analyst (ISG) will play a crucial role in analyzing and optimizing insurance product functionalities within our organization. With a focus on P&C COTS systems the candidate will ensure seamless integration and operation of billing and revenue management processes. This hybrid role requires expertise in Jira and MS Office to support day-to-day activities and drive efficiency in insurance product management.


Responsibilities

  • Analyze and evaluate existing insurance product functionalities to identify areas for improvement and optimization.
  • Collaborate with cross-functional teams to ensure seamless integration of P&C COTS systems within the organization.
  • Utilize Jira to track and manage project progress ensuring timely completion of tasks and milestones.
  • Implement effective billing and revenue management strategies to enhance financial operations and reporting.
  • Provide technical support and guidance to team members on the use of MS Office tools for project documentation and communication.
  • Develop and maintain comprehensive documentation of system processes and workflows to ensure clarity and consistency.
  • Conduct regular assessments of insurance product performance to identify potential risks and opportunities for enhancement.
  • Facilitate workshops and training sessions to educate stakeholders on system functionalities and best practices.
  • Monitor industry trends and advancements to ensure the organization remains competitive in the insurance sector.
  • Collaborate with IT teams to troubleshoot and resolve system issues minimizing downtime and disruptions.
  • Ensure compliance with regulatory requirements and standards in all system operations and processes.
  • Drive continuous improvement initiatives to enhance system efficiency and user experience.
  • Support the development and implementation of strategic plans to achieve organizational goals. Qualifications
  • Possess a strong understanding of P&C COTS systems and their application in insurance product management.
  • Demonstrate proficiency in Jira for effective project tracking and management.
  • Exhibit expertise in MS Office tools for efficient documentation and communication.
  • Have a solid background in billing and revenue management within the insurance domain.
  • Display excellent analytical skills to evaluate system performance and identify improvement opportunities.
  • Show ability to collaborate effectively with cross-functional teams to achieve project objectives.
  • Maintain up-to-date knowledge of industry trends and regulatory requirements.

About Company

Cognizant is a global leader in technology and consulting services, helping businesses transform their operations through digital solutions. Specializing in IT services, including software development, business process outsourcing, and consulting, Cognizant supports clients across industries such as healthcare, financial services, manufacturing, and retail. With a focus on innovation, Cognizant assists organizations in modernizing their technology, improving operational efficiency, and enhancing customer experiences. Headquartered in the U.S., it is consistently ranked among the most admired companies in the world and is a member of the NASDAQ-100.

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