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An established industry player is seeking a dedicated Business Analyst to join their Product Development team. This role is pivotal in analyzing requirements and managing the product backlog, ensuring that business objectives align with user needs. You will collaborate with cross-functional teams, facilitating discussions to clarify requirements and document necessary processes. With a focus on regulatory compliance and risk management, you will contribute to the continuous improvement of product initiatives. If you possess strong analytical skills and a proactive approach to problem-solving, this is an exciting opportunity to make a significant impact in the insurance sector.
This role reports to the Product Development & Delivery (Requirement Management) Lead and is responsible for analyzing requirements and managing the product backlog. The role involves collaborating with cross-functional teams to assess, document, and validate user requirements, ensuring alignment with business outcomes and objectives.
Key Responsibilities:
· Collaborate with business stakeholders to clarify and validate business requirements. Responsible for product backlog (Day 2 functionality) validation and delivery.
· Assess and highlight business implications resulting from changes in requirements or process rules, application enhancement and recommend workable options that addresses business needs.
· Schedule and facilitate requirement clarification sessions between Business and IT stakeholders; and seek alignment on the requirement expectation and outcome.
· Responsible for maintaining up-to-date documentation which is specific and necessary for the targeted product launch or product related initiatives.
· Participate in retrospective discussions and contribute to the development of improvements plan on identified products or funds.
· Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
· Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
· Highlights any potential concerns /risks and proactively shares best risk management practices
• Possess a Bachelor's degree in Business, Insurance, IT or related disciplines.
• Have at least 4 years in insurance domain, preferably with a background as a Business Analyst or exposure to insurance operations.
• Strong analytical and communication skills, with ability to manage stakeholders and collaborate with technical teams.
• Well organised, with positive can-do attitude and ability to meet deadlines effectively.