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Sr. Business Analyst, Reinsurance

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Job Details

Full-time

Qualifications

Microsoft Excel
Commercial insurance knowledge
Visio
Workers' compensation insurance knowledge
Meeting facilitation
Productivity software
Analysis (software development lifecycle)
Microsoft Project
SDLC
Database software proficiency

Full Job Description

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Jobs
Senior

Location Bangladore, India

Working Model Fulltime, Hybrid

Req ID 12345

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Sr. Business Analyst, Reinsurance

Req ID: 56226

Location: Remote, US

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.

We Are

Sapiens International Corporation N.V. is a global leader of AI-centric, SaaS-based insurance software, delivering hyper-relevant experiences that are efficient, compliant, and innovative. With agile intelligence, Sapiens' solutions turn real-time data and human insight into precise action at every moment, across every risk.

The Sapiens platform includes agentic workflows accelerating every capability across policy, underwriting, claims, reinsurance, decisioning, and finance and compliance.

With more than 600 insurers in over 30 countries running on Sapiens, our deep industry expertise is the foundation of our long-term relationships, from initial implementation through to modernization and market transformation.

Sapiens is headquartered in London, serving customers in property and casualty, life, reinsurance, specialty, and workers’ compensation from offices across North America, Europe, the Middle East, and Asia Pacific.

Your Recruitment Journey

We will keep you in the loop, as we focus on providing an inclusive screening and interview process. Each country has a local flavor, but here's what you can expect during our recruitment process:

Apply

Take the first step in our journey by submitting an application that reflects your skills, experiences, and professional aspirations.

Review

Your CV will be carefully reviewed by our talent team to explore how your unique skills and potential align with Sapiens' needs and culture

Interview

This is your opportunity to shine! Meet with our team, showcase your abilities, and learn more about Sapiens

Offer

If there's a great match, we'll extend an offer to welcome you to our team. This is the exciting moment when your new journey begins to take shape

Onboard

Once you accept, we'll guide you through a comprehensive onboarding process, introducing you to your new colleagues, roles, and the exciting challenges ahead

Disclaimer

Sapiens India does not authorize any third parties to release employment offers or conduct recruitment drives via a third party. Hence, beware of inauthentic and fraudulent job offers or recruitment drives from any individuals or websites purporting to represent Sapiens. Further, Sapiens does not charge any fee or other emoluments for any reason (including without limitation, visa fees) or seek compensation from educational institutions to participate in recruitment events.
Accordingly, please check the authenticity of any such offers before acting on them and were acted upon, you do so at your own risk. Sapiens shall neither be responsible for honoring or making good the promises made by fraudulent third parties, nor for any monetary or any other loss incurred by the aggrieved individual or educational institution.
In the event that you come across any fraudulent activities in the name of Sapiens, please feel free report the incident at sapiens to [email protected].

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