Insurance Business Analyst

Job Title: Manager Insurance Business Analyst (BA) with Data Governance/Data Management

Total years of experience: 8 to 10 years

Location: Bangalore/Mumbai/Gurgaon/Kolkata

Notice Period: immediate to 30 days

Job Description:

The Insurance Business Analyst will play a key role in bridging business and data management functions to drive data governance initiatives within the insurance sector. The responsibilities will include:

• Lead end-to-end project management and delivery oversight, ensuring alignment with business objectives and timelines.
• Act as the primary point of contact for stakeholders, ensuring regular communication, issue resolution, and progress updates.
• Drive resource allocation, task prioritization, and monitoring of project deliverables to ensure high-quality outcomes.
• Supporting data governance initiatives, including data quality improvement, metadata management, and regulatory compliance.
• Mapping business requirements to data governance frameworks and ensuring alignment with organizational data strategies.
• Reviewing impact analysis for data-related changes and supporting regulatory reporting requirements.
• Participating in business development activities and contributing to thought leadership in insurance data governance and management.
• Engage with business units to understand current state assessments and business requirements.
• Facilitate walkthroughs of AS-IS and TO-BE processes with stakeholders, ensuring alignment and buy-in.
• Oversee the automation and consolidation of data submissions for frameworks.
• Oversee business readiness execution phases, ensuring the successful transition from manual to automated data processes.
• Design and document business process models and control documents (SOPs) for efficient data management.
• Coordinate with testing teams to ensure thorough testing and validation of data platform functionalities.

MUST HAVE

• 8-10 years of experience as a Business Analyst in insurance and financial services domain.
• Strong understanding of insurance processes and products.
• Good understanding of financial regulations and compliance procedures (KYC, Sanction/Embargo, Ratings, etc.).
• Experience in data management and data governance initiatives.
• Proven experience in leading cross-functional teams and managing project delivery.
• Strong project management skills, with the ability to manage scope, timelines, and resources effectively.
• Prior experience in creating, reviewing, or maintaining Statements of Work (SOWs).
• Strong analytical, problem-solving, writing and communication skills.
• Willingness to travel and ready to operate from other locations if required.
• Familiarity with Agile methodologies and project management tools (JIRA, Confluence, etc.)