Business Analyst: Life Insurance

FACTORIAL SOLUTIONS PTE. LTD.; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Factorial Solutions is seeking an experienced Business Analyst to lead analysis efforts for insurance-domain projects, translating complex domain needs into actionable user stories and test plans. In this agile environment, you will collaborate with business and IT teams to ensure clear requirements and smooth delivery across sprints.

You will document processes, establish traceability from backlog to deliverables, and contribute to UAT and system testing while leveraging knowledge of finance,

Qualifications

• 7+ years as a Business Analyst with end-to-end SDLC experience.
• Minimum 3 years in Insurance Domain, LifeAsia or similar products.
• Exposure to finance or actuarial concepts.
• Experience with POS systems.

Responsibilities

• Analyze and document business processes and define detailed business requirements using use cases and user stories to support SDLC activities
• Develop and maintain traceability matrices from product backlogs to ensure alignment of user stories with project goals for each sprint
• Create comprehensive test plans and functional scenarios based on requirements to facilitate system testing and support user acceptance testing (UAT)
• Manage project initiatives by coordinating between business, IT, and end users to ensure successful delivery of solutions
• Apply strong business analysis skills within Agile frameworks to drive iterative development and continuous improvement
• Collaborate effectively across diverse clients, internal projects, and teams to foster agile practices and deliver value
• Utilize knowledge of insurance product sales, servicing processes, and agent compensation systems to inform requirement gathering and solution design
• Leverage prior experience in software development and SDLC to enhance analysis and testing activities
• Incorporate understanding of finance, actuarial concepts, and POS systems to add value to insurance domain projects

Skills

Business Analysis

SDLC

Agile methodologies

Insurance domain knowledge

POS systems

Job description

Company Overview

Factorial Solutions is an Executive Search firm headquartered in Singapore, specializing in recruitment for Technology, Analytics & Data Sciences across domains. We deliver tailored talent solutions for permanent and contract roles in Singapore and the region.

Job Summary

You will lead business analysis efforts to define and translate insurance domain requirements into actionable user stories and test plans, supporting Agile project delivery and stakeholder collaboration across business and IT teams.

Responsibilities

• Analyze and document business processes and define detailed business requirements using use cases and user stories to support software development lifecycle (SDLC) activities
• Develop and maintain traceability matrices from product backlogs to ensure alignment of user stories with project goals for each sprint
• Create comprehensive test plans and functional scenarios based on requirements to facilitate system testing and support user acceptance testing (UAT)
• Manage project initiatives by coordinating between business, IT, and end users to ensure successful delivery of solutions
• Apply strong business analysis skills within Agile frameworks to drive iterative development and continuous improvement
• Collaborate effectively across diverse clients, internal projects, and teams to foster agile practices and deliver value
• Utilize knowledge of insurance product sales, servicing processes, and agent compensation systems to inform requirement gathering and solution design
• Leverage prior experience in software development and SDLC to enhance analysis and testing activities
• Incorporate understanding of finance, actuarial concepts, and POS systems to add value to insurance domain projects

Preferred competencies and qualifications

• Prior experience as a Business Analyst with 7+ years in-depth understanding of the entire SDLC process
• Minimum 3 years' experience in the Insurance Domain, preferably with LifeAsia or similar products
• Exposure to finance or actuarial concepts
• Experience with POS systems