Business System Analyst

4 - 9 years

20 - 35 Lacs

Posted:3 days ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Key Responsibilities
  • Analyze and understand

    P&C Insurance processes

    including

    underwriting

    ,

    claims

    ,

    pricing

    , and

    actuarial workflows

    , ensuring alignment with business goals and objectives.
  • Collaborate closely with

    cross-functional teams

    , including product management, actuarial, operations, and IT, to gather business requirements and translate them into technical solutions.
  • Conduct detailed analysis of business data, processes, and system functionality, providing recommendations to improve system efficiency, reduce costs, and enhance overall business performance.
  • Manage and maintain

    pricing databases

    and

    data models

    , ensuring accuracy and completeness of all pricing-related data.
  • Lead and support initiatives related to pricing model development, data integrations, and database design, including data quality checks and validation processes.
  • Support the implementation of pricing systems and tools, ensuring seamless integration with other systems and alignment with business needs.
  • Partner with client leadership to develop business strategies and process improvements, applying

    best practices

    and

    industry standards

    for insurance data management and technology solutions.
  • Lead or support

    project management

    activities, including timeline management, stakeholder communication, and reporting on project progress.
  • Manage stakeholder expectations, keeping all teams informed of key milestones and deliverables.

Key Requirements
  • Bachelor's degree

    in Business, Information Technology, Data Analytics, or a related field (Master's degree preferred).
  • 5+ years

    of experience as a Business Systems Analyst or in Actuarial processes.
  • Strong knowledge of Property & Casualty (P&C) Insurance

    processes, specifically in

    underwriting

    ,

    claims

    ,

    pricing

    , and

    actuarial domains

    .
  • Experience with pricing databases

    and

    data models

    , with a focus on

    pricing structure development

    and

    pricing optimization

    .
  • In-depth understanding of

    data management

    and

    data governance

    concepts, including data validation, reconciliation, and error handling.
  • Solid understanding of

    pricing tools

    and

    insurance software platforms

    (e.g., Guidewire, Duck Creek) and pricing tools.
  • Experience in

    process mapping

    , creating

    business requirement documents (BRDs)

    , and

    functional specification documents (FSDs)

    .
  • Excellent communication and interpersonal skills, with the ability to manage relationships across business units, IT, and external stakeholders.
  • Proven leadership experience, with the ability to manage and mentor team members.
  • Strong problem-solving skills, attention to detail, and ability to manage multiple projects simultaneously.
  • Outstanding written and verbal communication skills, and presentation skills.
  • Able to work in a fast-paced, continuously evolving environment and ready to take on uphill challenges.
  • Can understand cross-cultural differences and can work with clients across the globe.

Preferred Qualifications
  • Certification in

    Business Analysis and Actuarial (CBAP, PMI-PBA, etc.)

    or other relevant industry certifications.
  • Exposure to

    agile methodologies

    and experience in working with cross-functional teams in an

    Agile/Scrum

    environment.

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