Overview
The IT Business Analyst will be responsible for, but not limited to:
Responsibilities
- Collaborating with business users and stakeholders to understand the business model, processes, and high‑level requirements, especially in life insurance (e.g., new business, policy servicing, billing, claims, underwriting).
- Defining, analyzing, and documenting business requirements and translating them into clear functional specifications/user stories for the IT development team.
- Bridging business needs and technical teams by articulating end‑to‑end business flows, use cases, and functional impacts across related systems.
- Preparing and managing business requirements documents (BRD/FRD/FSD) and ensuring traceability from requirements to solution design and testing.
- Proposing options and recommendations for functional solutions, including process improvement, workarounds, and workflow optimization to maximize business value.
- Supporting solution design discussions with IT System Analysts, Developers, and Architects to ensure the proposed solution meets business objectives and constraints.
- Preparing detailed UAT scenarios and test cases, coordinating and assisting users during UAT execution, and helping to manage defect triage and closure.
- Providing regular progress reports on assigned projects and BAU (Business as Usual) enhancements, including risk/issues and mitigation plans.
- Ensuring all analysis and requirements are aligned with internal policies, audit requirements, and relevant regulatory expectations for life insurance.
Education
Bachelor2s degree in information systems, Information Technology, Computer Science, or a related field.
Working Experience
- Minimum 4 years of Business Analyst experience in the insurance industry, with at least 2 years at a similar level (Senior Officer or equivalent).
- Hands‑on experience in IT projects related to life insurance applications (e.g., policy administration, claims management, billing, customer portals, or related systems).
Technical & Functional Skills
- Strong understanding of business analysis practices and methodologies (e.g., BABOK framework).
- Ability to perform process mapping and business modelling (e.g., BPMN, swimlane diagrams, use case diagrams).
- Experience in preparing and maintaining BRD/FRD/FSD, user stories, acceptance criteria, and other BA deliverables.
- Experience with wireframing / mock‑up tools (e.g., Balsamiq, Figma, Axure, or similar) to visualize screens and user journeys.
- Familiarity with diagramming tools (e.g., Visio, Draw.io, or similar).
- Exposure to SDLC and Agile/Scrum delivery (e.g., working with product backlog, sprint planning, daily stand‑ups, reviews, and retrospectives).
- Experience using issue tracking / collaboration tools (e.g., JIRA, Confluence, or similar) is an advantage.
- Understanding of life insurance concepts and operations (e.g., products, riders, premium, surrender, claim lifecycle) is strongly preferred.
Business & Analytical Skills
- Strong analytical and strategic thinking skills, able to break down complex business problems into structured requirements.
- Ability to gather, analyze, and document business requirements from multiple stakeholder groups.
- Ability to identify process gaps, inefficiencies, and improvement opportunities and propose practical, business‑oriented solutions.
Project & Stakeholder Management
- Experience in managing or coordinating IT/Business projects as a Business Analyst.
- Ability to work with cross‑functional teams (business users, IT, operations, vendors).
- Comfortable facilitating workshops, meetings, and walkthroughs with stakeholders at various levels.
Communication & Interpersonal Skills
- Excellent verbal and written communication skills.
- Good English communication (verbal and written) is preferable.
- Ability to translate technical concepts into clear business language and vice versa.
- Strong stakeholder management and influencing skills.
- Able to collaborate effectively with business, IT, and vendor teams.
Additional Qualifications (Nice to Have)
- Experience with insurance core systems or related enterprise applications.
- Knowledge of IT governance, risk management, and compliance within financial services.
- BABOK/CBAP or other Business Analysis certifications are an advantage.