Oracle
Consulting Technical Manager
Job Description
Principal Product Manager, Insurance
As a recognized authority and leading contributor within their practice, this senior-level consulting position provides consistent high quality and innovative solution leadership to a project team. Leads the solution design and implementation aspects of engagement(s) ensuring high quality, integrated software solutions within constraints of time and budget.
The Product Manager (PM) will lead the development of a calculations engine for insurance accounting calculations, covering earned and unearned premiums, insurance premium tax, IBNR (Incurred But Not Reported), DAC (Deferred Acquisition Costs), ALAE (Allocated Loss Adjustment Expenses) and ULAE (Unallocated Loss Adjustment Expenses); and for reinsurance ceded financials, covering ceded premiums, ceded commissions, ceded claims, ceded IBNR, ceded ALAE and ceded ULAE. He/she will have a strong understanding of different types of reinsurance arrangements (e.g., proportional, non-proportional, excess of loss, quota share, stop loss) and reinsurance pooling structures. He/she will collaborate closely with cross-functional teams to design, develop, and implement a scalable, accurate, and efficient calculations engine that automates and improves reinsurance financial processing.
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