Business Analyst

13 hours ago

HAL Bangalore Airport, India Himflax Group Full time

Job Summary
We are seeking an experienced and detail-oriented Business Analyst with strong domain expertise in Reinsurance. The ideal candidate will be responsible for bridging the gap between business stakeholders and technical teams to define, document, and deliver reinsurance solutions that support business objectives and regulatory compliance. The role demands a deep understanding of reinsurance contracts, operations, and processes across both Facultative and Treaty types.

Key Responsibilities
Requirement Gathering & Analysis :

  • Engage with business stakeholders, SMEs, and end-users to elicit, analyze, and document business requirements specific to reinsurance.
  • Translate complex reinsurance business processes into clear functional and non-functional requirements.
  • Conduct gap analysis, feasibility studies, and impact assessments.

Documentation

  • Create detailed Business Requirement Documents (BRDs), Functional Requirement Documents (FRDs), user stories, use cases, and process workflows.
  • Maintain up-to-date documentation throughout the project lifecycle, including RTMs and process diagrams.

Stakeholder Management & Communication

  • Act as a liaison between business units and IT teams.
  • Coordinate and facilitate meetings, workshops, and walkthroughs with clients and internal stakeholders.
  • Communicate technical information in business terms and vice versa.

Domain Expertise Reinsurance

  • Apply knowledge of Treaty and Facultative Reinsurance, inward/outward reinsurance, ceding processes, premium and claim bordereaux, retrocession, and reinsurance accounting.
  • Support implementation or transformation projects involving reinsurance administration systems.
  • Assist with regulatory and compliance needs relevant to reinsurance reporting and risk exposure.

Solutioning & Implementation Support

  • Collaborate with development, QA, and UAT teams to ensure requirements are properly implemented and tested.
  • Support user acceptance testing (UAT) and defect triaging.
  • Provide subject matter expertise during product development, enhancements, or system migrations.

Required Skills & Experience

  • 4+ years of experience as a Business Analyst with at least 2+ years in Reinsurance.
  • Solid understanding of reinsurance lifecycle, data flows, bordereaux management, and regulatory frameworks (e.g., Solvency II, IFRS 17).

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