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Business Analyst

1 month ago

Pune, India LatentBridge Full time

Job Title: Business Analyst


Position Overview:

We are seeking a skilled and experienced Business Analyst with a strong focus on Banking and Insurance domain. The ideal candidate will have 4-5 years of experience in business analysis, demonstrating expertise in understanding complex business processes, eliciting requirements, and translating them into actionable insights and solutions within the BFSI sector.


Responsibilities:

1. Collaborate with stakeholders to gather, analyze, and document business requirements within the BFSI domain, ensuring alignment with organizational goals and objectives.

2. Conduct in-depth analysis of business processes, systems, and data to identify areas for improvement and optimization.

3. Develop comprehensive business requirement documents (BRDs), functional requirement documents (FRDs), and other relevant documentation to support project initiatives.

4. Facilitate workshops, interviews, and meetings with stakeholders to elicit requirements, prioritize needs, and drive consensus on proposed solutions.

5. Work closely with cross-functional teams including developers, QA analysts, and project managers to ensure successful delivery of projects within agreed timelines and scope.

6. Perform impact analysis and risk assessment to identify potential implications of proposed changes or enhancements to existing systems or processes.

7. Provide subject matter expertise in BFSI-related regulations, compliance, and industry best practices to support project execution and adherence to standards.

8. Support testing efforts by collaborating with QA teams to develop test cases, validate test results, and ensure solutions meet specified requirements.

9. Stay updated on emerging trends, technologies, and developments within the BFSI sector to provide insights and recommendations for continuous improvement.


**Qualifications:**

1. Bachelor’s degree in business administration, Finance, Computer Science, or related field.

2. 4-5 years of proven experience as a Business Analyst, preferably within the Insurance domain.

3. Strong understanding of banking, financial services, and insurance operations, products, and regulatory requirements. Should have experience in Presales.

4. Proficiency in business analysis techniques such as process modeling, requirements elicitation, gap analysis, and stakeholder management.

5. Excellent communication skills with the ability to effectively interact with stakeholders at all levels of the organization.

6. Analytical mindset with the ability to interpret complex data and make informed recommendations.

7. Experience working in Agile or iterative development environments is preferred.

8. Certification in Business Analysis (e.g., CBAP, CCBA) is a plus.

9. Proven ability to manage multiple projects simultaneously and prioritize tasks effectively.