Business Analyst

3 weeks ago

Nashik, India Star Union Dai-ichi Life Insurance Company Limited Full time

Job Summary:
We are seeking a highly skilled and experienced Business Analyst with good domain expertise in Life Insurance to join our dynamic team. The ideal candidate will play a pivotal role in bridging the gap between business needs and technology solutions, driving strategic initiatives, and enhancing operational efficiency.

Key Responsibilities:
Collaborate with stakeholders to gather, analyze, and document business requirements related to life insurance products, processes, and systems.
Translate business needs into functional specifications and user stories for development teams.
Conduct gap analysis, feasibility studies, and impact assessments for new initiatives and system enhancements.
Lead workshops, interviews, and brainstorming sessions to elicit requirements and define business processes.
Work closely with IT teams to ensure solutions align with business goals and regulatory requirements.
Support testing activities including UAT planning, execution, and defect management.
Monitor project progress, identify risks, and propose mitigation strategies.
Prepare detailed reports, dashboards, and presentations for senior management.
Stay updated on industry trends, regulatory changes, and emerging technologies in the life insurance domain.

Required Skills & Qualifications:
Bachelor’s or master’s degree in business administration, Finance, Insurance, or related field.
Minimum 6 years of experience as a Business Analyst, with at least 4 years in the Life Insurance domain.
Strong understanding of life insurance products, underwriting, policy administration, claims, and regulatory compliance.
Proficiency in business analysis tools (e.g., JIRA, Confluence, Excel).
Excellent communication, presentation, and stakeholder management skills.
Analytical mindset with attention to detail and problem-solving abilities.
Experience working in Agile/Scrum environments is a plus.
Certifications like CBAP, PMI-PBA, III certifications or domain-specific credentials can be advantageous.

Preferred Attributes:
Ability to work independently and lead cross-functional teams.
Strong interpersonal skills and a collaborative approach.
Passion for innovation and continuous improvement.

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