Allianz - Lead Business Analyst

Description:We are seeking a Senior Business Analyst with extensive experience (12+ years) in the Indian insurance market to lead business analysis efforts for strategic digital transformation and product development initiatives.The ideal candidate will have deep domain knowledge across Life, Health, and General Insurance, combined with strong experience in Agile SDLC, requirement analysis, and end-to-end product development.The role involves working closely with Product Owners, Project Managers, Development, and QA teams to ensure high-quality and timely delivery of business solutions.Key Elicitation & Documentation:- Engage with business stakeholders, product owners, and SMEs to gather, analyze, and document business requirements and processes.- Prepare comprehensive Business Requirement Documents (BRD), Functional Specifications, User Stories, and Acceptance Criteria aligned with Agile standards.Collaboration & Delivery Alignment:- Partner closely with the Project Manager and Development Team throughout all phases of the project planning, design, development, testing, deployment, and support.- Act as a key bridge between business teams and technology teams to ensure clarity, traceability, and successful implementation of requirements.Agile Product Development:- Support Product Owners in defining product vision, backlog prioritization, and roadmap execution.- Actively participate in Agile ceremonies including sprint planning, daily stand-ups, backlog grooming, sprint reviews, and retrospectives.Testing & UAT Coordination:- Define and review test scenarios and UAT test cases to validate business functionality.- Coordinate UAT execution with business stakeholders, track issues, and ensure timely closure.Insurance Domain Expertise:- Apply deep understanding of insurance processes underwriting, policy servicing, claims management, and renewals across Life, Health, and P&C products.- Ensure all solutions comply with IRDAI regulations and other relevant data protection standards.Stakeholder Engagement:- Serve as a trusted advisor and single point of contact for business stakeholders.- Communicate progress, risks, and dependencies effectively to leadership and delivery teams.Product Lifecycle Management:- Support end-to-end product development from ideation and design to implementation and post-launch performance monitoring.- Contribute to continuous improvement initiatives and process optimization.Data & Insights:- Analyze business data and feedback to identify trends, process gaps, and opportunities for innovation.- Support the definition of product KPIs and ensure data-driven decision-making.Required Skills And Minimum 12 years of experience in Business Analysis or Product Development within the Indian Insurance or InsurTech domain.- Proven track record of delivering complex, cross-functional projects in Agile environments.Domain Expertise:- Strong understanding of Indian insurance value chainincluding product setup, underwriting, claims, and regulatory requirements.- Exposure to core insurance systems, policy administration platforms, and digital front-end solutions.Agile & SDLC Expertise:- Deep understanding of Agile/Scrum methodologies and end-to-end Software Development Life Cycle.- Proficiency in tools such as Jira, Confluence, and Azure DevOps.Technical & Analytical Acumen:- Ability to understand data models, integrations, APIs, and workflows to bridge business and technical perspectives effectively.- Strong analytical and problem-solving skills to assess requirements and recommend feasible, value-driven solutions.Communication & Stakeholder Management:- Excellent communication, presentation, and facilitation skills to engage with senior business leaders, product owners, and IT stakeholders.- Strong negotiation and conflict-resolution skills.Leadership & Collaboration:- Ability to lead business analysis activities independently, mentor junior analysts, and drive collaboration across multi-functional teams.Education & Certifications:- Bachelors degree in Business, Computer Science, Engineering, or related discipline.- Preferred certifications: Certified Business Analysis Professional (CBAP), Certified Scrum Product Owner (CSPO), or equivalent Agile/BA certifications.Preferred Qualifications:- Experience in core system transformation or digital platform modernization projects in insurance.- Exposure to automation, AI, or data-driven insurance product implementations.- Prior experience working with global delivery models or multi-location teams.Your Benefits:- We offer a hybrid work model which recognizes the value of striking a balance between in-person collaboration and remote working incl.- up to 25 days per year working from abroad.- We believe in rewarding performance and our compensation and benefits package includes a company bonus scheme, pension, employee shares program and multiple employee discounts (details vary by location.- From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostere.- Flexible working, health and wellbeing offers (including healthcare and parental leave benefits) support to balance family and career and help our people return from career breaks with experience that nothing else can teach.About Allianz Technology:Allianz Technology is the global IT service provider for Allianz and delivers IT solutions that drive the digitalization of the Group.With more than 11,000 employees located in 20 countries around the globe, Allianz Technology works together with other Allianz entities in pioneering the digitalization of the financial services industry.We oversee the full digitalization spectrum from one of the industrys largest IT infrastructure projects that includes data centers, networking and security, to application platforms that span from workplace services to digital interaction.In short, we deliver full-scale, end-to-end IT solutions for Allianz in the digital age.D&I statement:Allianz Technology is proud to be an equal opportunity employer encouraging diversity in the working environment.We are interested in your strengths and experience.We welcome all applications from all people regardless of gender identity and/or expression, sexual orientation, race or ethnicity, age, nationality, religion, disability, or philosophy of life. (ref:iimjobs.com)