Remote Insurance Business Analyst
Company: Naukri Mitra
Location: Remote
Salary: $170,000 per annum
About Us:
Naukri Mitra is a leading recruitment company committed to connecting talented professionals with the best job opportunities. Our mission is to support businesses and candidates in achieving their goals. We are seeking a highly skilled and experienced Insurance Business Analyst for a remote position. The position offers an attractive salary of $170,000 annually.
Job Summary:
The Remote Insurance Business Analyst analyzes, designs, and implements business solutions to support insurance processes. This role is crucial in identifying opportunities for improvement and facilitating effective communication between the technical team and stakeholders. The successful candidate will have a vital insurance and business analysis background and focus on delivering high-quality results to drive organizational efficiency.
Key Responsibilities:
- Business Analysis & Requirement Gathering:
- Work with stakeholders to gather, document, and analyze requirements for insurance-related projects.
- Develop business cases and feasibility studies to ensure project alignment with organizational objectives.
- Conduct interviews, workshops, and meetings to understand business needs and identify process improvement opportunities.
- Stakeholder Management & Communication:
- Collaborate closely with stakeholders, including underwriters, claims adjusters, and project managers, to understand business objectives and define project scope.
- Act as a liaison between technical teams and business stakeholders to ensure seamless communication and alignment of goals.
- Facilitate meetings and presentations to provide updates on project progress, challenges, and solutions.
- Documentation & Process Improvement:
- Develop comprehensive documentation, including business requirements, functional specifications, and user stories.
- Evaluate existing insurance processes to identify gaps and recommend improvements or automation opportunities.
- Prepare and maintain process flow diagrams, use cases, and other relevant documentation.
- Data Analysis & Reporting:
- Analyze insurance data to identify patterns, trends, and insights that can improve decision-making processes.
- Collaborate with data analysts to provide actionable insights and create customized reports for stakeholders.
- Assist in developing dashboards and other visual tools to give stakeholders easy access to key business metrics.
- Testing & Quality Assurance:
- Define and execute test plans and test cases to ensure the accuracy and completeness of business requirements.
- Participate in User Acceptance Testing (UAT) and support end-users during testing phases to ensure smooth project rollouts.
- Ensure high-quality deliverables by conducting thorough reviews of project outcomes.
Key Qualifications:
- Education & Experience:
- Bachelor's degree in Business Administration, Finance, or a related field. A degree in Insurance or Risk Management will be a plus.
- Minimum of 5 years of experience working as a Business Analyst in the insurance sector.
- Hands-on experience in life, health, or property and casualty insurance is preferred.
- Technical Skills:
- Strong understanding of insurance operations, products, and workflows.
- Proficiency in business analysis tools, including Microsoft Office Suite, Visio, and project management software.
- Experience with data analysis and visualization tools like SQL, Tableau, or Power BI.
- Familiarity with Agile and Scrum methodologies.
- Soft Skills & Competencies:
- Excellent analytical, problem-solving, and critical-thinking skills.
- Strong interpersonal and communication skills, with the ability to explain complex concepts to non-technical stakeholders.
- Highly organized and detail-oriented, with the ability to manage multiple projects simultaneously.
- Self-motivated with a proactive approach to addressing challenges and delivering results.
Why Join Us?
- Competitive Compensation: Earn a competitive annual salary of $170,000 while working remotely from anywhere.
- Work-Life Balance: Enjoy the flexibility of working remotely, ensuring a healthy work-life balance.
- Professional Development: Join a supportive team that encourages continuous learning, personal growth, and skill development.
- Challenging Projects: Work on meaningful and challenging projects that make a real impact on the insurance industry.
About the Ideal Candidate:
The ideal candidate for this role is someone well-versed in the insurance industry and thrives in a remote working environment. They should be comfortable navigating the complex landscape of insurance products and regulations while providing valuable business insights and recommendations. They must be excellent communicators who can facilitate effective collaboration between technical and non-technical teams. Additionally, strong attention to detail, an analytical mindset, and the ability to solve complex problems are essential for success in this position.
Key Benefits of the Role:
- Remote Work: Enjoy working from the comfort of your home, eliminating commuting hassles.
- Career Growth Opportunities: Join a dynamic company with opportunities for career progression and exposure to diverse insurance projects.
- Inclusive Work Environment: Work in an inclusive and diverse environment that fosters creativity, innovation, and personal development.
How to Apply:
If you are a motivated and analytical professional with a background in insurance and business analysis, we encourage you to apply for this exciting opportunity. At Naukri Mitra, we are passionate about connecting top talent with roles that offer the chance to make a significant impact. Join our team as a Remote Insurance Business Analyst and help shape the insurance industry's future.
About Naukri Mitra:
Naukri Mitra is a trusted recruitment partner specializing in matching talented professionals with the right opportunities across various industries. We believe in building lasting relationships by understanding our clients' needs and candidates' career aspirations. We aim to make the hiring process efficient and effective, creating value for both candidates and employers.
