Business Analyst

2 weeks ago

Navi Mumbai, Maharashtra, India Star Union Dai-ichi Life Insurance Company Limited Full time ₹ 5,00,000 - ₹ 12,00,000 per year

Key Responsibilities

Requirements Gathering

  • Collaborate with stakeholders (business users, IT, project managers) to collect and document business requirements for new products, processes, or system enhancements. Preferably for New business, Bank/Partner Integration, and customer onboarding processes.
  • Conduct discussions with user department to elicit detailed requirements.
  • Translate business needs into clear, actionable documentation (user stories, use cases, process flows)
  • Conducts Meetings with IT to explain the requirements to technical team and resolve all their dependencies.

Process Improvement

  • Map and analyse existing business processes to identify inefficiencies or gaps.
  • Recommend and help implement process enhancements to improve operational efficiency and customer experience.

Testing and Implementation Support

  • Participate in solution testing, including preparing or reviewing test scenarios and supporting user acceptance testing (UAT).
  • Assist in training users and preparing documentation for new systems or processes.

Stakeholder Communication

  • Maintain clear communication with internal teams (e.g., new business, IT, operations) and external partners (vendors, consultants).
  • Present findings and recommendations to senior stakeholders in a clear, concise manner.

Required Skills and Qualifications

  • Prior experience of 5+ years in insurance is must.
  • Bachelor's degree in business administration, Finance, Insurance, or a related field
  • Strong analytical and critical thinking skills, with attention to detail
  • Strong understanding of life insurance products, underwriting, policy administration, claims, and regulatory compliance.
  • Proficiency in business analysis tools (e.g., JIRA, Confluence, Excel). Familiarity with data analysis or visualization tools is a plus.
  • Familiarity with project management or agile methodologies.
  • Understanding of API integration
  • Excellent written and verbal communication skills for effective stakeholder engagement
  • Should be familiar with Customer lifecycle in Insurance domain and should be able to quickly learn insurance products, processes, and regulatory requirements
  • Certifications like CBAP, PMI-PBA, III certifications or domain-specific credentials can be advantageous.

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