Business Analyst/ Senior Business Analyst

illumifin Corporation; Hyderabad, Pune District, Bengaluru; On-site; INR 9,515,000 - 13,321,000; Part time

Job summary

illumifin Corporation seeks a seasoned Functional Business Analyst with deep domain expertise in US Life/ Health Insurance to bridge business stakeholders and technology teams, translating complex needs into clear functional specifications.

The candidate will own BRD/FRD creation, requirement traceability, and lifecycle coverage from issuance to claims, ensuring regulatory alignment and smooth delivery across projects.

Qualifications

• Elicit, analyse, and document detailed business requirements through stakeholder interviews, workshops, and process walkthroughs
• Prepare comprehensive BRD and FRD aligned with project goals
• Maintain requirement traceability matrices and ensure sign-off from relevant stakeholders at each milestone
• Understand insurance policy lifecycle from issuance, underwriting, and premium processing to claims, surrenders, and payouts

Responsibilities

• Collaborate with development, QA and architecture teams to translate business requirements into technical specifications, user stories, and acceptance criteria
• Participate in system design discussions, API integration reviews, and data flow mapping
• Validate technical solutions against business requirements and flag gaps or conflicts early
• Support UAT planning and execution, define test scenarios, track defects, and obtain business sign-off

Skills

Stakeholder interviews

Workshops

Requirement elicitation

BRD/FRD writing

End-to-end requirement gathering

UAT planning

Agile/Scrum familiarity

Tools

JIRA

Confluence

Visio

Job description

Role & responsibilities

We are looking for a seasoned Functional Business Analyst with deep domain expertise in US Life/ Health Insurance to join our growing team. The ideal candidate will act as a critical bridge between business stakeholders and technology teams translating complex business needs into clear, actionable functional and technical specifications.

Requirements & Documentation

• Elicit, analyse, and document detailed business requirements through stakeholder interviews, workshops, and process walkthroughs


• Prepare comprehensive Business Requirement Documents (BRD) and Functional Requirement Documents (FRD) aligned with project goals


• Maintain requirement traceability matrices and ensure sign-off from relevant stakeholders at each milestone


• Understand insurance policy lifecycle from issuance, underwriting, and premium processing to claims, surrenders, and payouts

Work closely with Development, QA and operations teams to ensure solutions meet regulatory and product-specific requirements

Technical Business Analysis

• Collaborate with development, QA, and architecture teams to translate business requirements into technical specifications, user stories, and acceptance criteria


• Participate in system design discussions, API integration reviews, and data flow mapping


• Validate technical solutions against business requirements and flag gaps or conflicts early


• Support UAT planning and execution define test scenarios, track defects, and obtain business sign-off

Stakeholder & Project Management

• Engage with cross-functional teams including product owners, IT leads, compliance, and external vendors


• Facilitate requirement review meetings, sprint planning sessions, and status updates


• Proactively manage scope changes and communicate impact on timelines and deliverables

Preferred candidate profile

• 68+ years of experience as a Business Analyst, with mandatory domain experience in Life Insurance.


• Strong proficiency in writing BRDs and FRDs with attention to detail and clarity


• Proven experience in end-to-end requirement gathering across complex, multi-stakeholder environments


• Hands-on experience as a Technical BA comfortable engaging with developers, architects, and QA teams on technical topics


• Familiarity with tools such as JIRA, Confluence, Visio, or equivalent


• Exposure to Agile/Scrum delivery methodology is preferred


• Excellent communication, presentation, and stakeholder management skills

Good to Have

• Experience with insurance platforms such as Majesco, or similar, OIPA, ALIP, AS400


• Exposure to digital transformation or modernization projects in the insurance space


• Certification in Business Analysis (CBAP / PMI-PBA) is a plus