Business Analyst

Role description
Job Description – Business Analyst Manager

Position Title, Responsibility Level Business Consultant

Function

LifePRO®

Reports to

Regular/Temporary: RegularGrade
Location

USA

ResponsibilitiesIn-depth understanding of different life Insurance products (Term, Wholelife, Flexible & Indexed products) & annuities products & their associated features, benefits & risks.Requirement gathering & creating requirement specification document & getting sign-off.Demonstrating requirement with team for clear understanding of requirement.

• Support projects as a Business Analyst, documenting business, and functional requirements for insurance administration for life and annuity products per client needs.
• Elicit, Validate and Analyze detailed functional and technical requirements using Insurance Business Process Modeling and Data Modeling to deliver functional design document.
• Liaise with the client’s business users to define and capture detailed business requirements into BRD.
• Determine business objective from requests. Negotiate, provide estimates, provide options, brainstorm solutions with business contacts to deliver expected results.
• Monitor progress of development team, provide direction (if needed), resolve issues, answer questions, coordinate with QA team, gather signoffs, confirm production move.
• Provide production support, troubleshoot problems, research errors, monitor daily activities, answer system functionality questions.
• Establishes and maintains a close-working relationship with all project stakeholders and technical staff to ensure alignment between solutions being delivered to business goals.
• Participate in project planning sessions with project managers, business analysts and team members to analyze business requirements.
• Manages the delivery of the detailed business requirements, functional design, build, test, and readiness components of project.
• Understanding of PL/SQL to work with application database to resolve data and product configuration issues.
• Provides leadership and oversight on all aspects of a project translating business requirements into systems solutions.
• Illustrate and model the business requirements in an easy to consume, client friendly manner.
• Possesses the required technical knowledge to manage all aspects of an Information Technology project.
• Good working knowledge in ACORD standards for life insurance

SkillsTechnical Skills

• Life Insurance (Term/WL/UL) and Annuity insurance knowledge.
• End-to-end lifecycle experience of Product development and implementation on a policy administration platform.
• IT Business Analysis experience.
• PL/SQL, Excel and PowerPoint presentations.
• Business design /System testing, Root Cause analysis (RCA).
• Good knowledge of Automation tool.
• Understanding of Agile methodology.
• Meetings & Reviews, Estimations, Reporting & Documentation.

Soft skills (Desired)

• Understanding of Insurance business vertical and the business processes within.
• Critical thinking skills.
• Good analytical skills.
• Effective communication skills - oral and verbal.
• Ability to collaborate with various stakeholders across various geography.
• Strong Team Player & ability to build & sustain the team.

Education Requirements

• B.TECH /MCA /MBA.
• Certifications in insurance (FLMI) will be preferred.

Work Experience Requirements:

• At least 8 years of Life Insurance and Annuities product experience.
• Experience with the various aspects of life insurance administration is highly desirable, particularly policy administration, claims and agent compensation.
• Experience collaborating with client on various consulting engagements.
• Experience defining application enhancement requirements.
• Experience in automation will be an added language,
• Training and mentoring lesser experienced team members.