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Insurance Business Analyst Jobs in Raleigh, NC (NOW HIRING)

Pentair

Senior SAP Analyst - EWM

Raleigh, NC · Remote

$82K - $152K/yr

You will report to the EWM Global Business Process Owner - Delivery SAP S/4HANA and serve as a ... critical illness insurance, accident insurance, parental leave, caregiver leave, tuition ...

Martin Marietta

Senior Property Tax Analyst

Raleigh, NC · On-site

$112K - $113K/yr

The Senior Property Tax Analyst supports the property tax compliance and planning efforts for ... Business Travel Accident Insurance * Direct Deposit Payroll * Educational/Tuition Assistance Plan

Martin Marietta

Shared Services Analyst

Raleigh, NC · On-site

To enhance our Shared Services function, we are seeking an Analyst to support Accounts Receivable ... Business Travel Accident Insurance * Direct Deposit Payroll * Educational/Tuition Assistance Plan

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Showing results 1-20

All JobsInsurance Business Analyst JobsInsurance Business Analyst Jobs in Raleigh, NC

Insurance Business Analyst information

See Raleigh, NC salary details

$19

$46

$63

How much do insurance business analyst jobs pay per hour?

As of Jun 15, 2026, the average hourly pay for insurance business analyst in Raleigh, NC is $46.56, according to ZipRecruiter salary data. Most workers in this role earn between $39.71 and $53.27 per hour, depending on experience, location, and employer.

Will AI replace a business analyst?

AI can automate routine tasks and analyze large data sets, but a business analyst's role involves critical thinking, stakeholder communication, and strategic decision-making that AI cannot fully replicate. Business analysts will increasingly use AI tools to enhance their work, but their expertise remains essential for interpreting insights and guiding business strategies.

What Does an Insurance Business Analyst Do?

The job duties of an insurance business analyst vary depending on the needs of their employer. In this career, some employers may expect you to work with the IT department to maintain information and data systems and ensure adequate documentation for projects. You may coordinate between different business unit entities within your company to ensure seamless and cost-effective operations. You may analyze insurance products, commercial line insurance, or property and casualty insurance plans for cost-effectiveness. Regardless of your exact responsibilities, you need to understand the business requirements of an insurance company and help your employer meet their goals.

What does an Insurance Business Analyst do?

An Insurance Business Analyst evaluates and improves the processes, systems, and operations within insurance companies. They gather and analyze data, identify business needs, and propose solutions that enhance efficiency and compliance. Their work often involves collaborating with IT, underwriting, claims, and other departments to implement technology solutions, streamline workflows, and ensure regulatory requirements are met. Ultimately, they help insurance organizations make informed decisions and remain competitive in the market.

What is the highest paid business analyst?

The highest paid business analysts typically work in specialized industries such as finance, technology, or consulting, and often have advanced certifications like CBAP or PMI-PBA. Senior or lead business analysts with extensive experience and strong technical skills can earn salaries exceeding $100,000 annually, with top earners reaching over $130,000 or more depending on location and company size.

What is the difference between Insurance Business Analyst vs Insurance Underwriter?

AspectInsurance Business AnalystInsurance Underwriter
Required CredentialsBachelor's degree in business, finance, or related field; certifications like CBAP or CCBABachelor's degree in finance, economics, or related; sometimes professional licenses
Work EnvironmentOffice setting, analyzing data, collaborating with teamsOffice setting, assessing risks, reviewing applications
Employer & Industry UsageInsurance companies, brokers, consulting firmsInsurance companies, agencies, reinsurance firms
Common Search & ComparisonYesNo

The main difference is that Insurance Business Analysts focus on analyzing data, improving processes, and supporting business decisions within insurance companies. Insurance Underwriters evaluate risks and determine policy terms. Both roles require analytical skills, but their core responsibilities differ significantly.

How does an Insurance Business Analyst typically collaborate with underwriting and claims teams?

Insurance Business Analysts regularly work with underwriting and claims teams to bridge the gap between business requirements and technical solutions. They facilitate workshops, gather and analyze data, and translate operational needs into system specifications or process improvements. Effective communication with these teams ensures that new policies, processes, or software enhancements align with actual workflow and compliance requirements. This collaborative approach helps streamline operations and supports the organization's risk management and customer service goals.

What is the highest paid position in insurance?

In the insurance industry, executive roles such as Chief Executive Officer (CEO), Chief Underwriting Officer, and Chief Risk Officer tend to be the highest paid positions, often earning multi-million dollar compensation packages. These roles require extensive experience, leadership skills, and often advanced certifications or degrees, and they oversee strategic decision-making and company performance.

What does a business analyst in insurance do?

An insurance business analyst evaluates insurance processes, policies, and data to identify improvements and ensure compliance. They gather requirements, analyze trends, and collaborate with stakeholders to develop solutions, often using tools like Excel or specialized software, to optimize business performance and support decision-making.

What are the key skills and qualifications needed to thrive as an Insurance Business Analyst, and why are they important?

To thrive as an Insurance Business Analyst, you need a solid understanding of insurance products, business processes, and data analysis, typically supported by a degree in business, finance, or a related field. Familiarity with insurance management systems, SQL, data visualization tools, and certifications like CBAP or PMI-PBA is often required. Strong analytical thinking, communication, and problem-solving skills help you bridge the gap between business needs and IT solutions. These skills and qualifications are crucial for delivering effective process improvements and data-driven recommendations within the insurance industry.
More about Insurance Business Analyst jobs
What are popular job titles related to Insurance Business Analyst jobs in Raleigh, NC? For Insurance Business Analyst jobs in Raleigh, NC, the most frequently searched job titles are:
What job categories do people searching Insurance Business Analyst jobs in Raleigh, NC look for? The top searched job categories for Insurance Business Analyst jobs in Raleigh, NC are:
Insurance Business Analyst jobs near you
Infographic showing various Insurance Business Analyst job openings in Raleigh, NC as of June 2026, with employment types broken down into 75% Full Time, and 25% Contract. Highlights an 75% In-person, and 25% Remote job distribution, with an average salary of $96,836 per year, or $46.6 per hour.
Cash Management /Business Analyst

Cash Management /Business Analyst

Pyramid Consulting, Inc

Raleigh, NC • On-site

$50 - $53/hr

Other

Medical, Dental, Vision, Retirement

Posted 11 days ago

Job description

Immediate need for a talented Cash Management /Business Analyst .This is a 06-12+ months contract opportunity with long-term potential and is located in Raleigh,NC /Stamford,CT /Richardson,TX(Onsite) .Please review the job description below and contact me ASAP if you are interested.


Job Diva ID: 26-17119


Pay Range: $50- $53/hour. Employee benefits include, but are not limited to, health insurance (medical, dental, vision), 401(k) plan, and paid sick leave (depending on work location).


Key Requirements and Technology Experience:


  • Must have skills: - MTS, ACH, Pep+, FTM, RDC
  • SWIFT, ISO20222, BAI
  • Financial
  • Banking
  • Cash Management
  • At least 8 years of experience in creating requirement specifications based on Architecture/Design /Detailing of Processes
  • At least 8 years of experience with Agile methodologies (preferably Agile Scrum) as a Business Analyst
  • At least 8years of experience in one or more of the following Financial Services / Banking domains / Banking products
  • Excellent understanding of Payment application (MTS, ACH, Pep+, FTM, RDC) and formats like SWIFT, ISO20222, BAI.
  • Hands on experience with MT/MX and FedNow Initiative.
  • Hands on experience in Payment Hub and various Payments Engine experience.
  • Understand the end to end flow of payments from Initiation to message generation. Various stages of payments including orchestration and execution.
  • At least 5 years of experience in capturing requirements related to internal/external consulting, documenting, and mapping current business process
  • Prior experience in implementing Payments application for commercial clients.
  • Understand the technical mapping elements and mapping of request and responses
  • Certified POPM from Scaled Agile or similar Agile framework.
  • Lead the scrum team’s priorities in PI planning, sprint planning, and other agile ceremonies, working in collaboration with core technical team, product managers, experience design, & a variety of technology partners
  • Good understanding of Digital and Core Banking application and understands the interfaces around it.
  • Good understanding of Corporate, Investment Banking Digital application and business process
  • Managed Customer onboarding and CRM applications.
  • Good understanding of Digital and Core Banking application and understands the interfaces around it.
  • Align with product managers to clearly articulate product strategy to the scrum team and define MVP along based on prioritization techniques.
  • Operate with little supervision and troubleshoot complex problems, to recommend appropriate actions
  • Partner with solution architects and other technical leads to ensure their solutions effectively address program priorities while balancing client experience and technical integrity
  • Write user stories & groom the scrum team’s backlog; in partnership with the team
  • Manage release-specific business documents, such as support models, go/no-go approvals, internal release notes, and more
  • Provide product demos to key stakeholders
  • Lead production business validations, in partnership with product managers
  • Excellent understanding of Payments interface system
  • Lead Agile ceremonies, backlog grooming and product prioritization meetings.
  • Analytical and Communication skills
  • Planning and Co-ordination skills
  • Experience with Scrum and Product management
  • Experience and desire to work in a management consulting environment that requires regular travel.
  • Excellent communication and stakeholder management skills.


Our client is a leading IT Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.


Pyramid Consulting, Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.


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