Business Analyst

Honeybee Tech Solutions; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Honeybee Tech Solutions is seeking an experienced Business Analyst with strong Group Insurance domain expertise to work across requirements, policy administration, and finance processes. The role focuses on eliciting and documenting business needs, translating them into BRDs and functional specs, and ensuring alignment across sales, operations, and regulatory reporting.

The candidate will analyze end-to-end insurance processes, map sales journeys to PAS, and collaborate with finance on premium

Qualifications

• Experience in Group Insurance is mandatory.
• BRD / Functional Specifications experience.
• Insurance product knowledge and process understanding.
• Policy Administration Systems expertise.

Responsibilities

• Elicit, analyze, document, and validate business requirements from stakeholders.
• Prepare and maintain BRDs and translate requirements into functional specifications.
• Analyze end-to-end insurance processes: product setup, policy issuance, onboarding, renewals, claims, regulatory reporting.
• Map sales journeys to PAS and identify gaps or integration needs.
• Collaborate with operations and finance on onboarding, servicing, premium accounting, and reporting.

Skills

Group Insurance

Business Analysis

Requirements Gathering

BRD / Functional Specs

Policy Administration Systems

Sales & Distribution Processes

Operations & Claims

Premium Accounting & Reporting

Reconciliation & Financial Reporting

Stakeholder Management

Job description

Business Analyst Group Insurance

Interview Process

• 2 Rounds
• Mode: Virtual via Microsoft Teams

Job Description – Must Have

We are looking for an experienced Business Analyst with strong Group Insurance domain experience to work across business requirements, insurance products, policy administration, sales/distribution, operations, and finance processes.

Experience in Group Insurance is mandatory.

Key Responsibilities

1. Business Analysis & Requirement Management

• Elicit, analyze, document, and validate business requirements from stakeholders.
• Prepare and maintain Business Requirement Documents (BRDs).
• Translate business requirements into functional specifications for development teams.
• Conduct impact analysis for business and system changes.

2. Insurance Product & Process Analysis

Analyze and document end-to-end insurance processes, including:

• 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.

3. Sales & Distribution Process Management

• Understand and document sales journeys across various distribution channels.
• Map sales platform processes and functionalities with the Policy Administration System (PAS).
• Identify process gaps and integration requirements between sales platforms and policy administration systems.

4. Operations & Finance Process Integration

• Collaborate with Operations teams to understand and document:
  
• Customer/member onboarding
• Policy servicing
• Claims processes
• Policy Administration System (PAS) workflows
• Work closely with Finance teams on:
  
• Premium accounting
• Commission calculations
• Rewards and incentive payouts
• Reconciliation processes
• Financial reporting requirements
• Revenue recognition
• Regulatory reporting

Key Mandatory Skills

• Group Insurance – Mandatory
• Business Analysis
• Requirements Gathering & Management
• BRD / Functional Specifications
• Insurance Product & Process Knowledge
• Policy Administration Systems
• Sales & Distribution Processes
• Operations & Claims
• Premium Accounting
• Commission & Incentive Calculations
• Reconciliation & Financial Reporting
• Stakeholder Management