Sr. Business Analyst, Reinsurance

Sapiens; Rochelle Park (NJ); Remote; USD 90,000 - 130,000; Full time

Job summary

Sapiens is seeking a Senior Business Analyst for Reinsurance to lead client liaison, analyze business processes, and draft requirements that translate business needs into technical solutions. The role emphasizes policy administration in reinsurance and collaboration across functional teams.

The ideal candidate will guide business-process improvements, perform cost/benefit analyses, and mentor junior BAs while ensuring alignment with project goals and client expectations.

Qualifications

• 7+ years of business analysis experience in the Insurance industry, focusing on Reinsurance.
• Excellent interpersonal, verbal, written and presentation skills.
• Ability to set, drive and achieve deliverables.
• Strong facilitation skills.
• Strong domain expertise in Reinsurance policy administration and underwriting as relevant to Sapiens' strategy.
• Proficiency with Use Case modelling.
• Experience with MS Office products and relational databases (SQL Server/Oracle).

Responsibilities

• Leads business process analysis, needs assessments and preliminary cost/benefits analysis to align IT solutions with business initiatives.
• Plans, schedules and leads collaborative requirements elaboration sessions with the client's business users.
• Defines and documents clear and concise business requirements in language understandable to both technical and domain stakeholders.
• Tracks project scope through careful requirements management.
• Works with development and quality assurance teams to schedule requirement reviews.
• Provides input to and review of estimates at each phase of a project.
• Serves as liaison between client stakeholders, project team members, software engineers and QA personnel.
• Identifies gaps and opportunities and participates in sales support activities as needed.

Skills

Business analysis

Reinsurance

Requirements elicitation

Use Case modelling

Stakeholder management

SQL

MS Office

Tools

SQL Server

Oracle

Job description

Sr. Business Analyst, Reinsurance

Location - US or Canada, Remote

Position Summary:

The Senior Business Analyst operates under limited supervision taking the lead as a client liaison, conducting business process analysis, needs assessments, and preliminary cost/benefits analysis to align technology solutions with business initiatives. Develops business specifications for technical personnel. This role will conduct analysis of business goals, objectives, and needs of the business environment. The BA will make recommendations to improve business processes, utilize systems and data to resolve business issues in the most effective manner. May provide financial or operational business analysis and research to support business goals. The Senior Business Analyst is accountable for understanding the business environment and processes to be able to derive practical business-system solutions as related to the specific goals of the project. The Senior Business Analyst must ensure that all aspects of the business need or problem are correctly reflected in the solutions developed by the solutions team. The client will rely on the judgment and expertise of the Senior Business Analyst as Functional User Reviews and User Acceptance Testing are delivered. The development and quality assurance teams will rely on the judgment and expertise of the Senior Business Analyst for all business process-related questions arising from the development work and subsequent testing. The Senior Business Analyst may assist the Project Manager in prioritizing and directing the work of other Business Analysts on the team as well as provide mentoring and training for new or more junior Business Analysts. The Senior Business Analyst must have Reinsurance experience with a focus on policy administration.

Professional Responsibilities:

• Uses sound judgment and experience to solve moderately complex business process problems or to propose solutions for these problems to Sapiens management and to clients
• Applies Reinsurance Policy Administration industry knowledge and expertise to guide clients in business and process decisions
• Leads business process analysis, needs assessments and preliminary cost/benefits analysis to align IT solutions with business initiatives
• Plans, schedules and leads collaborative requirements elaboration sessions with the client's business users
• Defines and documents clear and concise business requirements that describe business scenarios and processes in language understandable to both technical and domain stakeholders
• Captures business requirements using Change Requests, Storyboarding, Use Case Modeling, etc
• Tracks project scope through careful requirements management
• Works with development and quality assurance teams to schedule requirement reviews.
• Provides input to and review of estimates at each phase of a project
• Produces output documentation and provides guidance to users as appropriate
• Prepares for and facilitates Functional User Reviews as part of enhancement delivery
• Works as the liaison between client stakeholders, project team members, software engineers and quality assurance personnel
• Identifies gaps, project and service opportunities and future enhancements to strengthen our industry presence, meet client needs and seek revenue opportunities
• Facilitates or participates in periodic sales support: demonstrations, preparation of RFP response, gap analysis studies
• Perform other duties as required.

Requirements:

• 7+ years of business analysis experience in the Insurance industry, with a focus on Reinsurance products.
• Excellent interpersonal, verbal, written and presentation skills
• Ability to set, drive and achieve deliverables
• Strong facilitation skills
• Strong domain expertise in functional areas and lines of business relevant to Sapiens' strategy such as Solid commercial, personal lines or workers comp rating and underwriting is required.
• Strong knowledge of Use Case modelling
• Must possess a strong knowledge of the Workers Compensation insurance industry.
• Working knowledge of business modelling, requirements and analysis & design disciplines of overall iterative software development life cycle
• Must demonstrate the ability to effectively communicate business concepts to both technical and end users
• Must demonstrate strong analytical and problem-solving skills
• Experience with Microsoft Office products (Word, Excel, MS Project, Visio)
• Experience with relational databases (SQL Server and/or Oracle)

At Sapiens, we are dedicated to building a diverse, equitable, and inclusive work environment. We believe that diverse perspectives, backgrounds, and experiences make us stronger and more innovative. We are committed to creating a culture where every individual is valued and can thrive regardless of their race, ethnicity, gender, age, sexual orientation, gender identity, religion, disability, or any other characteristic.