BA - Reinsurance

Business Analyst

Role Overview

Business Analysts

In addition to delivery responsibilities, you will contribute to Insurance Practice activities including pre-sales, solution accelerators, thought leadership, and mentoring.

Key Responsibilities

• Requirements & Analysis

• Lead workshops with business, IT, and external partners to elicit, analyze, and prioritize requirements.
• Document User Stories, acceptance criteria, Non-Functional Requirements and establish traceability and dependencies using best practices.

• Solution & Process Design

• Partner with architects and product owners to shape solutions across insurance value Chain.
• Model as-is/to-be processes using BPMN; identify gaps.
• Define data mappings, integration contracts (APIs, EDI, FHIR/HL7), and workflows.

• Delivery & Quality

• Support backlog grooming, develop user stories, acceptance criteria, support development of test scenarios, user level validation and defect triage.
• Maintain requirements traceability, change control and drive signoffs.
• Ensure adherence to regulatory requirements (e.g., GDPR, Solvency II, IFRS17, insurance-specific).
• Apply internal standards and governance frameworks (e.g. client’s framework, IREB).
• Produce status reports, RAID, and KPIs; ensure compliance with regulatory and audit needs.

• Domain Knowledge

• Apply deep knowledge of Treaty and Facultative Reinsurance, inward/outward cessions, premium and claims bordereaux, retrocession, and accounting principles 
• Support implementation or transformation projects involving reinsurance administration systems.

Qualifications and Experience

• Minimum bachelor’s degree holder following regular schooling and curriculum.
• 6+ years of Requirements Engineering or Business Analysis experience, preferably in insurance or financial services.
• Knowledge in reinsurance acquired through work experience.
• Experience with agile methodologies (Scrum, SAFe).
• Proficiency in tools used to support delivery of IT projects.
• Ability to use Large Language Models (LLMs) (e.g., ChatGPT) for requirement analysis, documentation, and knowledge extraction.
• Experience working with cross-border/offshore teams (advantage).