Business Analyst – Insurance Domain

4 days ago

Chennai, Tamil Nadu, India Extendo Technology private limited Full time ₹ 3,61,000 - ₹ 9,46,09,846 per year

Job Title: Business Analyst – Insurance Domain

Location: Chennai, Tamil Nadu

Experience Level: 4+ years

Key Responsibilities:

  • Requirement Gathering: Collaborate with stakeholders, including business heads of Claims, Underwriting, and Billing, to elicit and document detailed business requirements.
  • Process Analysis: Analyze existing business processes and workflows to identify areas for improvement and optimization.
  • Documentation: Develop comprehensive documentation, including use cases, functional specifications, and process flow diagrams, to clearly convey requirements to development teams.
  • Solution Design: Work closely with IT and development teams to design solutions that meet business needs, ensuring alignment with industry best practices.
  • Testing Support: Assist in the creation of test strategies and plans, and support user acceptance testing (UAT) to ensure solutions meet the defined requirements.
  • Stakeholder Communication: Maintain effective communication with all stakeholders throughout the project lifecycle, providing updates and managing expectations.

Qualifications:

  • Educational Background: Bachelor's degree in Business Administration, Information Technology, or a related field.
  • Domain Expertise: In-depth knowledge of insurance products and processes, particularly in Property and Casualty (P&C) insurance.
  • Analytical Skills: Strong analytical abilities to assess complex business scenarios and propose effective solutions.
  • Technical Proficiency: Familiarity with databases, basic scripting, and tools such as MS Word, Excel, PowerPoint, and Visio. Basic knowledge of SQL and other database languages is advantageous.
  • Certifications: Professional certifications in the insurance domain, such as those related to P&C insurance, are a plus.
  • Experience: A minimum of 8 years in the IT industry as a Business Analyst, with significant exposure to insurance-related projects.

Preferred Skills:

  • Implementation Knowledge: Understanding of implementation methodologies and processes within the insurance sector.
  • Training Abilities: Capability to conduct domain and functional training sessions for team members and stakeholders.
  • UI/UX Understanding: Ability to create user interface designs and workflows to effectively communicate solutions.

This role demands a proactive individual with excellent communication skills, a deep understanding of the insurance industry, and the ability to bridge the gap between business needs and technical solutions.

Job Types: Full-time, Permanent

Pay: ₹361, ₹946,098.46 per year

Work Location: In person

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