Business Analyst

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

Job summary

Shashwath Solution in India is seeking a Business Analyst to support finance and management information systems for an insurance company. You will bridge business operations, finance, and IT to implement and optimize finance-related systems and reporting tools.

Responsibilities include gathering requirements, documenting process flows, developing financial reports and dashboards, and ensuring regulatory compliance.

Qualifications

• Bachelor’s 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 (Excel, Power BI, Tableau).
• Experience with Agile methodologies and project tools (JIRA, Confluence).
• Excellent problem-solving and communication skills.

Responsibilities

• Requirements gathering: collaborate with stakeholders to translate business needs into specifications.
• Process improvement: identify inefficiencies and implement finance/reporting workflow improvements.
• Data analysis: analyze finance and MI data for current systems.
• System implementation & support: assist in implementation, integration, and optimization of finance systems.
• Reporting & MI development: design and develop financial reports and dashboards.
• Stakeholder communication: liaison between finance, operations, and IT to align goals.
• Documentation: create detailed documentation including BRDs and process flows.
• Compliance & risk management: ensure finance/MI systems comply with regulatory standards.

Skills

Data analysis

Excel

Power BI

Tableau

Communication

Stakeholder management

Analytical thinking

Education

Bachelor’s degree in Finance, Accounting, Business, or related field

Tools

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.