Business Analyst

Shashwath Solution; Dadri; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Shashwath Solution seeks a Business Analyst to support finance and management information (MI) systems for an insurance company. You will bridge business operations, finance, and IT, gathering requirements and optimizing finance-related systems and reporting tools.

You will analyze data to improve decision-making, design dashboards, and ensure regulatory compliance within insurance. Collaboration with finance, ops, and IT is essential.

Qualifications

• Bachelor's degree in Finance, Accounting, Business, or related field.
• Proven BA experience in insurance domain focusing on finance and MI.
• Strong understanding of insurance products, underwriting, claims, and financial reporting.
• Proficiency with data analysis tools (Excel, Power BI, Tableau).
• Experience with Agile methodologies and tools (JIRA, Confluence).
• Excellent problem-solving and ability to analyze complex data sets.
• Strong communication to work with cross-functional teams and present findings to stakeholders.

Responsibilities

• Gather, document, and translate business requirements into functional specs.
• Identify inefficiencies in finance and reporting processes and implement improvements.
• Analyze finance and MI data in current state systems.
• Support implementation, integration, and optimization of finance and MI systems.
• Design and develop financial reports and dashboards using MI tools.
• Serve as liaison between finance, ops, and IT to align goals and timelines.
• Create detailed documentation of requirements, processes, and specs.
• Ensure compliance with regulatory standards in the insurance domain.

Skills

Data analysis

Stakeholder management

Communication

Problem solving

Business acumen

Education

Bachelor's in Finance/Accounting/Business

Tools

Excel

Power BI

Tableau

JIRA

Confluence

Job description

Job Summary

The Business Analyst will play a key role in supporting finance and management information (MI) systems for an insurance company. The individual will bridge the gap between business operations, finance, and IT, ensuring the successful implementation and optimization of finance-related systems and management reporting tools. The role involves gathering business requirements, facilitating communication between stakeholders, and analyzing data to improve decision-making processes within the insurance domain.

Key Responsibilities

• Requirements Gathering: Collaborate with stakeholders (finance teams, insurance operations, and IT) to gather, document, and translate business requirements into functional specifications.
• Process Improvement: Identify inefficiencies in finance and reporting processes, recommending and implementing improvements to streamline workflows in the current system
• Data Analysis: Analyze finance and MI data of the current state systems
• System Implementation & Support: Support the implementation, integration, and optimization of finance and reporting systems, ensuring alignment with business processes for the new system.
• Reporting & MI Development: Design & Develop financial reports and dashboards using MI tools, providing detailed analysis and insights into key performance indicators (KPIs) on the new system
• Stakeholder Communication: Act as a liaison between finance, insurance operations, and IT teams, ensuring clear communication and alignment on project goals and timelines.
• Documentation: Create detailed documentation including business requirements, process flows, and functional specifications.
• Compliance & Risk Management: Ensure that finance and MI systems adhere to regulatory and compliance standards within the insurance industry.

Required Qualifications

• Bachelors degree in Finance, Accounting, Business, or a related field.
• Proven experience as a Business Analyst in the insurance domain, with a focus on finance and MI.
• Strong understanding of insurance products, underwriting, claims processes, and financial reporting.
• Proficiency in data analysis tools (e.g., Excel, Power BI, Tableau)
• Experience with Agile methodologies and familiarity with project management tools (e.g., JIRA, Confluence).
• Excellent problem-solving skills and the ability to analyze complex data sets.
• Strong communication skills to work with cross-functional teams and present findings to stakeholders.

Preferred Qualifications

• Experience with regulatory reporting (e.g., Solvency II, IFRS 17) in the insurance industry.
• Knowledge of management information systems and their role in insurance operations.
• Familiarity with financial modeling and forecasting techniques.

Key Competencies

• Analytical thinking and attention to detail.
• Strong business acumen with the ability to understand the financial implications of insurance operations.
• Ability to work in a fast-paced environment and manage multiple priorities.
• Collaborative mindset with the ability to influence and negotiate with stakeholders.