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Functional Business Analyst Insurance & Reinsurance

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Job Description

Role: Functional Business Analyst

Domain: Insurance & Reinsurance (Specialty)

Location: Pan India

Business Unit: DNAINS

Compensation: Competitive (including bonus)

Job Description

We are looking for a Functional Business Analyst with strong experience in the Insurance and Reinsurance (Specialty) domain. The ideal candidate should be able to work closely with business stakeholders, Product Owners, and cross-functional teams to understand business needs, analyze requirements, and translate them into clear functional specifications.

The candidate will act as a bridge between business and delivery teams, ensuring that business requirements are accurately captured and aligned with organizational objectives.

Key Responsibilities

  • Collaborate with Product Owners, business users, and stakeholders to gather, analyze, and document business requirements.
  • Conduct requirement elicitation workshops, stakeholder interviews, and process discussions.
  • Translate business requirements into detailed functional requirement documents (FRDs), business requirement documents (BRDs), user stories, and acceptance criteria.
  • Analyze and document existing (As-Is) and future-state (To-Be) business processes.
  • Facilitate communication between business stakeholders and development/testing teams.
  • Participate in backlog grooming, sprint planning, and requirement clarification sessions.
  • Support User Acceptance Testing (UAT) by preparing test scenarios, coordinating business validation, and obtaining stakeholder sign-off.
  • Assist in change management, impact analysis, and business process improvements.
  • Ensure all functional documentation is complete, accurate, and aligned with business objectives.

Required Skills

  • Strong experience in Business Analysis and Requirement Gathering.
  • Good understanding of the Insurance and Reinsurance (Specialty) domain.
  • Experience preparing BRDs, FRDs, user stories, use cases, and functional specifications.
  • Ability to understand business processes and recommend process improvements.
  • Experience working with Product Owners and business stakeholders.
  • Excellent analytical, problem-solving, and stakeholder management skills.
  • Strong verbal and written communication skills.
  • Experience working in Agile/Scrum environments.

Preferred Skills

  • Experience in policy administration, underwriting, claims, or reinsurance processes.
  • Knowledge of Agile methodologies.
  • Experience supporting UAT and business process documentation.
  • Familiarity with tools such as Jira and Confluence is an advantage.

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About Company

Job ID: 152038401

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