Business Analyst

4 weeks ago

Solapur, Maharashtra, 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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