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Business Analyst – Ingenium (Life & Annuities) - Job Opportunity at Simploy Private Limited

Mississauga, Canada
Full-time
Senior
Posted: June 19, 2025
Remote
CAD 48,299.76-107,520.27 per year

Benefits

Permanent employment status providing long-term job security and stability in a competitive market
Standard Monday to Friday schedule with morning shifts offering excellent work-life balance
Remote work flexibility enabling cost savings on commuting and increased productivity

Key Responsibilities

Lead comprehensive business requirements gathering and documentation processes that directly impact digital transformation initiatives across the organization
Drive cross-functional collaboration between business stakeholders, solution architects, and technical teams to ensure alignment of business objectives with technical solutions
Execute strategic gap analysis activities that identify system enhancement opportunities and drive competitive advantage in the insurance market
Oversee critical system configuration and integration projects that enhance operational efficiency and customer experience
Design and implement comprehensive testing strategies including UAT coordination that ensures system reliability and regulatory compliance
Develop and maintain essential business documentation including BRDs, FRDs, and training materials that serve as organizational knowledge assets
Facilitate Agile delivery processes and backlog management activities that accelerate time-to-market for new insurance products and services
Coordinate stakeholder communication and issue resolution processes that minimize business disruption and maintain operational excellence

Requirements

Education

Bachelor's degree in Computer Science, Information Technology, Insurance, or a related field

Experience

6+ years of experience as a Business Analyst in the Life & Annuity insurance domain

Required Skills

Strong hands-on experience with Ingenium PAS (system workflows, batch processing, policy transactions, etc.) Solid understanding of policy lifecycle – new business, underwriting, policy issuance, servicing, claims, and termination Experience with mainframe systems and knowledge of COBOL-based environments (preferred) Familiarity with data models, SQL, and reporting tools Excellent communication, documentation, and stakeholder management skills Exposure to Agile methodology and tools like JIRA, Confluence, etc.

Certifications

IIBA CBAP Scrum Master Agile BA
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Sauge AI Market Intelligence

Industry Trends

The Life & Annuity insurance sector is experiencing unprecedented digital transformation driven by changing customer expectations and regulatory requirements, with policy administration systems like Ingenium becoming critical competitive differentiators. Insurance companies are investing heavily in modernizing legacy systems to improve operational efficiency, reduce processing times, and enhance customer experience across the entire policy lifecycle. There is a significant shift toward cloud-based insurance platforms and API-first architectures, creating demand for business analysts who can bridge the gap between traditional mainframe-based systems and modern digital ecosystems. This transformation is particularly acute in the Canadian insurance market, where regulatory compliance requirements are becoming increasingly complex. The integration of artificial intelligence and machine learning capabilities into policy administration systems is creating new opportunities for process automation and predictive analytics, requiring business analysts with deep domain expertise to identify and implement these advanced capabilities effectively.

Salary Evaluation

The provided salary range of CAD 48,299.76-107,520.27 appears to have a significant variance that may reflect different seniority levels or contract arrangements. For a senior-level Business Analyst with 6+ years of Ingenium experience in the Canadian market, the typical range should be CAD 75,000-95,000 annually, suggesting the upper end of this range may be more realistic for qualified candidates.

Role Significance

Typically operates within a 5-8 person project team including solution architects, developers, QA specialists, and product owners, often serving as the primary liaison between business stakeholders and technical implementation teams.
This is a senior-level individual contributor role with significant autonomy and strategic impact, requiring the ability to influence cross-functional teams and drive complex system enhancement projects without direct management responsibilities.

Key Projects

Legacy system modernization initiatives involving Ingenium upgrades and cloud migration strategies Regulatory compliance implementations for new insurance products and changing provincial regulations Customer experience enhancement projects focused on digital policy servicing capabilities Data integration projects connecting Ingenium with CRM, billing, and reporting systems

Success Factors

Deep understanding of insurance regulatory requirements and their impact on system design and business processes, as compliance failures can result in significant financial penalties and reputation damage Ability to translate complex business requirements into technical specifications that can be understood and implemented by development teams working with legacy mainframe systems Strong stakeholder management skills to navigate the often competing priorities of business users, IT teams, and regulatory compliance officers in large insurance organizations Expertise in Agile project management methodologies to ensure timely delivery of system enhancements while maintaining operational stability of critical policy administration functions

Market Demand

High demand exists for insurance business analysts with specialized Ingenium experience, as this skill set is relatively niche and critical for organizations running legacy policy administration systems. The combination of insurance domain knowledge and technical system expertise creates a competitive advantage in the job market.

Important Skills

Critical Skills

Ingenium PAS expertise is absolutely essential as this specialized knowledge cannot be easily acquired on the job and represents the core value proposition for this role. The system's complexity and limited user base make experienced practitioners highly valuable in the insurance technology market. Insurance domain knowledge spanning the complete policy lifecycle is critical because business analysts must understand the regulatory, financial, and operational implications of system changes to make informed recommendations and avoid costly compliance issues. Stakeholder management and communication skills are vital given the need to coordinate between business users who understand insurance operations and technical teams working with complex legacy systems, requiring the ability to translate between these different domains effectively.

Beneficial Skills

COBOL and mainframe experience provides significant additional value as many insurance companies are still running legacy systems that require integration with modern platforms, and professionals who can bridge this gap are increasingly rare and valuable Agile methodology expertise enhances effectiveness in modern insurance technology environments where rapid iteration and continuous delivery are becoming standard practices for competitive advantage Knowledge of additional policy administration systems like wmA or LifeComm creates opportunities for broader consulting engagements and increased marketability across different insurance technology platforms

Unique Aspects

This role offers rare exposure to Ingenium policy administration system, which is used by a limited number of major insurance companies, creating highly specialized and marketable expertise that commands premium compensation
The combination of remote work flexibility with complex insurance domain projects provides an ideal balance for senior professionals seeking challenging work without traditional office constraints
Opportunity to work across the entire policy lifecycle from new business through claims and termination, providing comprehensive understanding of insurance operations that is valuable for career advancement

Career Growth

Career progression to senior individual contributor or management roles typically occurs within 2-3 years given the specialized nature of Ingenium expertise and strong demand in the insurance technology market.

Potential Next Roles

Senior Business Analyst or Lead Business Analyst roles with expanded team leadership responsibilities and strategic planning involvement Product Owner positions focused on insurance technology platforms and digital transformation initiatives Insurance Technology Consultant roles with consulting firms specializing in policy administration system implementations Business Analysis Manager positions overseeing multiple insurance technology projects and teams

Company Overview

Simploy Private Limited

Simploy Private Limited appears to be a technology services company that provides specialized consulting and development services to the insurance industry, with particular expertise in policy administration systems and digital transformation initiatives.

As a private limited company, Simploy likely operates as a mid-market consulting firm serving insurance clients across North America, competing with larger consulting firms by offering specialized expertise and more personalized service delivery models.
The company's presence in Mississauga positions it strategically within the Greater Toronto Area's significant insurance and financial services cluster, providing access to major Canadian insurance companies and their technology transformation projects.
The remote work arrangement and focus on specialized insurance technology suggests a flexible, results-oriented work environment that attracts senior professionals seeking autonomy and the opportunity to work on complex, high-impact projects.
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