Business Analyst Position Overview
The role of a Business Analyst in the Property and Casualty (P&C) insurance industry involves providing critical support to business operations. This position requires an individual with strong analytical skills, excellent communication abilities, and experience working with stakeholders.
Key Responsibilities:
* Process Analysis and Optimization: Conduct thorough analyses of business processes within the P&C domain, identifying areas for improvement and proposing process optimization strategies.
* Requirements Gathering and Documentation: Collaborate closely with stakeholders to gather and document requirements for various projects and initiatives.
* Functional Specifications Development: Create detailed functional specifications to support system design and testing.
* Opportunity Identification: Continuously identify opportunities for automation and process enhancements, contributing to improved efficiency and productivity.
* Regulatory Compliance and Reporting: Ensure compliance with relevant regulatory standards and provide support for reporting initiatives.
Qualifications:
* A bachelor's degree in a related field such as Business, Finance, or Insurance.
* At least five years of experience as a Business Analyst in the P&C insurance industry.
* Domain Expertise: Strong understanding of underwriting, claims, and policy lifecycle concepts.
* Data Analysis Tools: Proficiency in data analysis tools and business intelligence platforms.
* Communication and Stakeholder Management: Excellent communication, documentation, and stakeholder management skills are essential.
Preferred Skills:
* Experience working with insurance platforms such as Guidewire or Duck Creek.
* Regulatory Knowledge: Familiarity with relevant regulatory frameworks and compliance standards is beneficial.
* Agile Methodology: Experience with Agile/Scrum methodology can be advantageous.
This is an exceptional opportunity to leverage your analytical and technical skills to drive business growth and improvement in the P&C insurance industry.