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Posted 24 days ago
Job description
Job Summary:
We are seeking a strong Business Analyst with a data and SQL background to join our team. The ideal candidate will have experience in gathering requirements, developing Business Requirement Documents (BRD), Functional Requirement Documents (FRD), and working closely with both business and technical teams. This role is not for a core Data Engineer, but for someone who has strong analytical skills with a good understanding of data concepts and SQL. Experience in Insurance Domain is required.
This is a HYBRID role in Chicago, IL. Requires working from office 2-3 days per week.
Role & Responsibilities Overview:
- Collaborate with stakeholders to gather and document business requirements.
- Develop detailed BRDs and FRDs to support project initiatives.
- Conduct data analysis and provide insights using SQL.
- Work closely with technical teams to ensure the data requirements are clearly understood.
- Assist in the design and validation of reports and data-driven solutions.
- Translate business needs into functional specifications and ensure successful implementation.
- Perform quality assurance to ensure alignment with requirements.
- Ensure timely delivery of deliverables and milestones in line with project timelines.
Candidate Profile:
- Bachelors/Master's degree in economics, mathematics, computer science/engineering, operations research or related analytics areas; candidates with BA/BS degrees in the same fields from the top tier academic institutions are also welcome to apply
- Experience: 4-7 years of experience as a Business Analyst with exposure to the Insurance Domain
- Proficient in SQL and capable of performing complex queries for data analysis.
- Strong understanding of databases, data management, and reporting.
- Experience with BRD and FRD documentation.
- Support project management activities by providing input on timelines, dependencies, and risks related to business requirements.
- Good critical thinking and problem solving skills
- Strong record of achievement, solid analytical ability, and an entrepreneurial hands-on approach to work
- Outstanding written and verbal communication skills, and presentation skills
- Able to work in fast pace continuously evolving environment and ready to take up uphill challenges
- Is able to understand cross cultural differences and can work with clients across the globe
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Frequently asked questions
Q: What skills or qualities help someone succeed as a Insurance Business Analyst?
A: To succeed as an Insurance Business Analyst, key technical skills include proficiency in insurance industry software, data analysis tools, and programming languages such as SQL or Python. Soft skills like strong communication, problem-solving, and analytical abilities are also crucial, as they enable effective collaboration with stakeholders, data-driven decision-making, and the development of innovative solutions. By combining these technical and soft skills, Insurance Business Analysts can drive business growth, improve operational efficiency, and contribute to the development of strategic business initiatives.
Q: What is the career path for a Insurance Business Analyst?
A: A typical career path for an Insurance Business Analyst involves progression from entry-level roles such as Business Analyst or Operations Analyst, to mid-level positions like Senior Business Analyst or Process Improvement Specialist, and ultimately to senior roles like Business Solutions Manager or Insurance Product Manager. Throughout their career, Insurance Business Analysts can develop skills in data analysis, process optimization, and stakeholder management, as well as industry-specific knowledge in insurance products and regulations. Long-term, they may pursue leadership roles, transition into actuarial or underwriting positions, or explore adjacent fields like risk management or financial services consulting.
