Insurance Business Analyst

Placements24; Sandton; Hybrid; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Fully remote

Flexible hours

Health benefits

Growth opportunities

Collaborative environment

Job summary

Placements24 is seeking an Insurance Business Analyst to join our client’s team, operating remotely from their Sandton hub. You will bridge business needs and technology, analyze requirements, and translate them into functional specifications for system enhancements and new initiatives in the Gauteng insurance landscape.

The role requires collaboration with IT, documentation of requirements, supporting UAT, and driving process improvements.

Qualifications

• Bachelor's degree required in business, IT, finance or related field.
• Proven experience as a Business Analyst in insurance or financial services.
• Strong understanding of insurance products, processes, and systems.
• Excellent analytical, problem-solving and communication skills.
• Experience with requirements elicitation and documentation.

Responsibilities

• Elicit, analyze, and document business requirements from stakeholders across departments.
• Translate business needs into detailed functional specifications, user stories, and process flows.
• Collaborate with IT teams to ensure accurate implementation of requirements.
• Facilitate UAT and support end-users during system rollouts.
• Identify opportunities for process improvements and system optimizations in the insurance lifecycle.
• Prepare project documentation and status reports.
• Support product development and strategic initiatives through detailed analysis.

Skills

Analytical thinking

Stakeholder management

Requirements elicitation

UAT support

Education

Bachelor's degree in Business, Information Technology, Finance, or a related field

Job description

About the Role

Our client is seeking a skilled and analytical Insurance Business Analyst to join their team, operating remotely from their Sandton hub. You will play a crucial role in bridging the gap between business needs and technology solutions, analyzing business requirements, and translating them into functional specifications for system enhancements and new initiatives. This position is vital for optimizing processes and driving innovation within the Gauteng insurance landscape.

Key Responsibilities

• Elicit, analyze, and document business requirements from stakeholders across various departments.
• Translate business needs into detailed functional specifications, user stories, and process flows.
• Collaborate closely with IT teams to ensure the accurate implementation of business requirements.
• Facilitate UAT (User Acceptance Testing) and support end-users during system rollouts.
• Identify opportunities for process improvements and system optimizations within the insurance lifecycle.
• Prepare project documentation, including business cases, requirements traceability matrices, and status reports.
• Support product development and strategic initiatives through detailed analysis.

Requirements

• Bachelor's degree in Business, Information Technology, Finance, or a related field.
• Proven experience as a Business Analyst , preferably in the insurance or financial services industry.
• Strong understanding of insurance products, processes, and systems.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in business analysis tools and methodologies.
• Exceptional communication and stakeholder management skills.

Benefits

• Competitive salary commensurate with experience and skills.
• Fully remote working arrangement with flexible hours.
• Opportunities for professional growth and certifications in business analysis.
• Comprehensive health and wellness benefits.
• A collaborative and forward-thinking work environment.