Description
Job Description:
- As a PPI Domain Specialist you will have thorough knowledge and experience of general insurance and the impact of MIS-sold PPI.
- You understand the financial and regulatory implications of the Payment Protection Insurance.
- You understand Consumer credit, direct marketing and would have come from a background of retail/insurance.
Key Responsibilities:
- To work as an SME in providing guidance and suggesting the best path to be taken by the business in terms of adhering to regulatory and complying to the FCA guidelines
- To engage in workshops and gather requirements from prospective clients
- To document the business goals into an IT requirements document
- To enable the team in creating systems envisaged with business users
- To be involved in testing and be the decision maker in terms of go/no-go to release the application for user testing
Basic Requirements:
- Experience in Insurance, Customer Credit, Direct Marketing, Retail domains
- Experience in regulatory and compliance guidelines from FCA and PRA affecting the domains
- Experience in creating financial models for interest and credit calculations
- Thorough understanding of the Claims and refunds life cycle and related options
- Interest calculations, complexity of different APRs over a period of time
- Understand the provisioning for any refunds in the future financial plan
Professional Requirement:
- Proactive in understanding IT/Systems environment
- Excellent communication skills applied to understanding, translating and suggesting better solutions for business requirements discussed
- Experience in conducting workshops for requirements elicitation
- Good team player who understands and communicates the requirements to the team of developers
- Experience in presenting the ideas to senior stake holders