Business Analyst

Business Analyst Group Insurance

Location: Pune
Work Mode: Work From Office (WFO)
Experience: 3+ Years
Notice Period: Immediate Joiners Only

Job Description -

We are looking for a Business Analyst with strong experience in the Insurance domain, specifically Group Insurance. The candidate will be responsible for gathering and analyzing business requirements, documenting insurance processes, and working closely with business, operations, finance, and technology teams.

Key Responsibilities

• Elicit, analyze, document, and validate business requirements from stakeholders.
• Prepare and maintain Business Requirement Documents (BRDs) and functional specifications.
• Translate business requirements into clear functional requirements for development teams.
• Analyze and document end-to-end Group Insurance processes.
• Work on processes related to:
• Product setup and configuration
• Policy issuance
• Member onboarding
• Premium collection
• Claims administration
• Renewals and endorsements
• Partner servicing
• Regulatory reporting
• Assess the impact of business changes on existing products, processes, and systems.
• Understand and document sales journeys across different distribution channels.
• Map sales platform processes and functionalities with the Policy Administration System (PAS).
• Collaborate with Operations teams to understand and document onboarding, policy servicing, and claims processes.
• Work with Finance teams on:
• Premium accounting
• Commission calculations
• Rewards and incentive payouts
• Reconciliation
• Financial reporting
• Revenue recognition
• Regulatory reporting
• Ensure business requirements are aligned with operational and financial controls.
• Coordinate with cross-functional teams to ensure successful implementation of business requirements.

Must Have Skills-

• 3+ years of experience as a Business Analyst.
• Mandatory experience in Group Insurance.
• Strong understanding of insurance products and processes.
• Experience in requirements gathering, analysis, and documentation.
• Hands-on experience preparing BRDs and functional specifications.
• Understanding of Policy Administration Systems (PAS).
• Good understanding of insurance operations, claims, premium, policy servicing, and renewals.
• Understanding of insurance finance processes such as premium accounting, commissions, reconciliation, and reporting.
• Strong communication and stakeholder management skills.

Interview Process

2 Rounds Virtual Interview on Teams

Immediate joiners preferred.

Thanks,

HR