Consultant I

9 - 12 Years
1 Opening
Bangalore

UST is looking for a business analyst with deep expertise in the reinsurance domain. The ideal candidate will bridge the gap between business needs and technology solutions, ensuring the delivery of strategic initiatives and system enhancements. This role involves working closely with stakeholders across the reinsurance value chain to gather requirements, analyze business processes, and support the implementation of new systems and solutions.
Key Responsibilities 1. Requirements Gathering & Documentation o Collaborate with business users and stakeholders to gather, analyze, and document detailed business requirements. o Translate business requirements into functional specifications for technical teams. o Develop user stories, process flow diagrams, and use cases to guide development efforts. 2. Process Analysis & Improvement o Analyze existing reinsurance business processes and identify areas for improvement. o Recommend solutions to enhance efficiency and streamline operations across underwriting, claims, and accounting processes. 3. Stakeholder Communication & Management o Serve as the key liaison between business teams, IT, and third-party vendors. o Facilitate meetings, workshops, and discussions to ensure alignment between business and technology teams. o Manage stakeholder expectations and ensure timely delivery of project milestones. 4. System Implementation & Support o Support the design, testing, and deployment of reinsurance platforms or system upgrades. o Coordinate with technical teams to validate the functionality and ensure solutions meet business needs. o Provide post-implementation support, including issue resolution and user training. 5. Data Analysis & Reporting o Collaborate with data teams to ensure accurate data flow for reinsurance operations. o Assist in building dashboards and reports to provide insights into business performance and trends. Required Skills and Experience 10+ years of experience as a Business Analyst, with a focus on reinsurance or insurance. In-depth knowledge of reinsurance processes (e.g., underwriting, treaty and facultative reinsurance, claims, and premium accounting). Strong understanding of regulatory compliance and industry standards (Solvency II, IFRS, etc.). Hands-on experience with reinsurance systems and tools such as SAP FS-RI, SICS, or other insurance core platforms. Proven ability to gather and document requirements using tools like JIRA, Confluence, or MS Visio. Strong analytical skills with the ability to interpret complex data and draw actionable insights. Familiarity with SQL or other querying languages is a plus. Exceptional communication and stakeholder management skills. Experience working in Agile/Scrum environments. Preferred Qualifications Certification in Insurance/Reinsurance (e.g., ARe, CPCU, or equivalent) Experience with data integration projects involving financial and insurance systems. Knowledge of actuarial models and collaboration with actuarial teams is a plus. Exposure to international reinsurance markets and practices.

business analysis,reinsurance,sql,agile,