What are the responsibilities and job description for the Rating Developer – P&C Insurance Domain position at ValueMomentum?
At ValueMomentum Inc, we are always looking to strengthen our organization by adding the best available talent to our workforce. ValueMomentum’s Business Unit is focused on levelling the playing field for our Banking, Insurance and HealthCare industry Customers so that they can compete on an equal footing with the largest of their competitors.
Job Description:
We are seeking a skilled Rating Developer with expertise in Property & Casualty (P&C) insurance to design, develop, and maintain rating engines and systems. The ideal candidate will have strong experience with rating algorithms, policy administration systems, and insurance rating methodologies while working with platforms like Guidewire PolicyCenter, Duck Creek Rating, OneShield, or other insurance rating engines.
Key Responsibilities:
Develop, configure, and implement rating algorithms and insurance rating systems.
Collaborate with actuaries, business analysts, and developers to understand rating logic and implement accurate calculations.
Work with rating tables, rules, and underwriting guidelines for different P&C insurance products.
Integrate rating engines with policy administration systems (PAS), billing, and claims platforms.
Troubleshoot and optimize rating workflows to improve performance, accuracy, and compliance.
Implement and maintain rating models in compliance with state regulations and underwriting policies.
Conduct unit testing and regression testing to ensure accuracy and system stability.
Document rating system configurations, processes, and code changes.
Required Skills & Experience:
3 years of experience as a Rating Developer in the P&C insurance domain.
Strong expertise in rating engines like Duck Creek, Guidewire Rating, OneShield, Majesco, or custom-built rating systems.
Experience with insurance products (Personal, Commercial, Specialty Lines).
Hands-on experience with SQL, XML, JSON, Java, .NET, or scripting languages for rating logic development.
Familiarity with rating methodologies, ISO rates, actuarial models, and underwriting rules.
Understanding of insurance policy lifecycle, rating factors, endorsements, and premium calculations.
Experience working with REST/SOAP APIs for integrating rating engines with PAS and other systems.
Knowledge of cloud-based rating solutions (AWS, Azure, Guidewire Cloud, or SaaS platforms) is a plus.
Strong problem-solving, analytical skills, and attention to detail.
About ValueMomentum:
ValueMomentum is a leading solutions provider for the global property and casualty insurance industry, supported by deep domain and technology capabilities. We help insurers stay ahead with sustained growth and high performance for enhancing stakeholder value and fostering resilient societies. Trusted by over 100 insurers, ValueMomentum is one of the largest services providers exclusively focused on the property and casualty. ValueMomentum is headquartered in Piscataway, NJ, with state-of-the-art delivery centers in Piscataway, NJ; Hyderabad, Pune, and Coimbatore in India; Toronto in Canada; and London in the United Kingdom.
