IN-Senior Associate_Business Analyst Insurance_Advisory _FS tech_Mumbai

Line of Service

Advisory

Industry/Sector

Not Applicable

Specialism

Operations

Management Level

Senior Associate

Job Description & Summary

At PwC, our people in business application consulting specialise in consulting services for a variety of business applications, helping clients optimise operational efficiency. These individuals analyse client needs, implement software solutions, and provide training and support for seamless integration and utilisation of business applications, enabling clients to achieve their strategic objectives.

As a business application consulting generalist at PwC, you will provide consulting services for a wide range of business applications. You will leverage a broad understanding of various software solutions to assist clients in optimising operational efficiency through analysis, implementation, training, and support.

• Why PWC
  
  
  

At PwC, you will be part of a vibrant community of solvers that leads with trust and creates distinctive outcomes for our clients and communities. This purpose-led and values-driven work, powered by technology in an environment that drives innovation, will enable you to make a tangible impact in the real world. We reward your contributions, support your wellbeing, and offer inclusive benefits, flexibility programmes and mentorship that will help you thrive in work and life. Together, we grow, learn, care, collaborate, and create a future of infinite experiences for each other. Learn more about us.

At PwC, we believe in providing equal employment opportunities, without any discrimination on the grounds of gender, ethnic background, age, disability, marital status, sexual orientation, pregnancy, gender identity or expression, religion or other beliefs, perceived differences and status protected by law. We strive to create an environment where each one of our people can bring their true selves and contribute to their personal growth and the firm’s growth. To enable this, we have zero tolerance for any discrimination and harassment based on the above considerations. "

Job Description & Summary: We are seeking a skilled Business Analyst with a strong techno-functional background and in-depth knowledge of the Indian insurance market. The ideal candidate will have 3-5 years of experience in business analysis, with a focus on insurance domain projects. This role requires a blend of technical and functional expertise to bridge the gap between business needs and technical solutions.

Responsibilities

• Collaborate with stakeholders to gather, analyse, and document business requirements.
• Develop functional specifications and system design documents for insurance-related projects.
• Work closely with development teams to ensure technical solutions align with business objectives.
• Conduct gap analysis and propose solutions to improve business processes and systems.
• Facilitate workshops and meetings to elicit requirements and validate solutions.
• Perform data analysis and generate reports to support decision-making processes.
• Ensure compliance with regulatory requirements and industry standards.
• Provide support during the implementation and testing phases of projects.
• Act as a liaison between business users and technical teams to resolve issues and ensure successful project delivery.
• Provide expert advice and consultancy on insurance products, processes, and industry best practices.
• Analyze and document business requirements for insurance projects, ensuring alignment with business goals.
• Develop and implement strategies to optimize the insurance value chain, including policy issuance, underwriting, claims processing, and renewals.
• Conduct market research and analysis to stay updated on industry trends, regulatory changes, and competitive landscape.
• Collaborate with cross-functional teams to design and implement innovative insurance solutions.
• Familiarity with insurance regulations and compliance requirements in the Indian market.
• Excellent analytical and problem-solving skills, with the ability to interpret complex data sets.
• Strong communication and interpersonal skills, with the ability to work effectively with cross-functional teams and clients.
• Required Skills and Qualifications:
• Master’s in business administration, Information Technology, or a related field.
• 3-5 years of experience as a Business Analyst in the insurance domain, specifically within the Indian market.
• Strong understanding of insurance products, processes, and regulations in India.
• Proficiency in business analysis techniques, such as requirements gathering, process modelling, and gap analysis.
• Strong understanding of insurance products, including term life, whole life, universal life, endowment plans, ULIPs, and general insurance products.
• In-depth knowledge of the insurance value chain, including product development, policy issuance, underwriting, claims processing, and renewals.
• Technical skills in areas such as SQL, data analysis, and system integration.
• Excellent communication and interpersonal skills to interact with stakeholders at all levels.
• Ability to work independently and as part of a team in a fast-paced environment.
• Strong problem-solving skills and attention to detail.
• Familiarity with insurance regulations and compliance requirements in the Indian market.
• Knowledge of project management methodologies and tools is a plus.

Mandatory Skill Sets

BA Insurance

Preferred Skill Sets

• Experience with project management methodologies, such as Agile or Scrum.
• Knowledge of insurance software platforms and technologies.
• Certification in Insurance (e.g., Licentiate, Associate, Fellowship from Insurance Institute of India) or related fields.
• Certification in Business Analysis (e.g., CBAP, CCBA) or related fields would be a plus
• Experience with insurance software systems and platforms.
  
  
  

Years Of Experience Required

4-7 years of experience

Education Qualification

• Be/btech/mba
  
  
  

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required: Master of Business Administration, Bachelor of Engineering

Degrees/Field Of Study Preferred

Certifications (if blank, certifications not specified)

Required Skills

Business

Optional Skills

Accepting Feedback, Accepting Feedback, Active Listening, Analytical Reasoning, Analytical Thinking, Application Software, Business Data Analytics, Business Management, Business Technology, Business Transformation, Communication, Creativity, Documentation Development, Embracing Change, Emotional Regulation, Empathy, Implementation Research, Implementation Support, Implementing Technology, Inclusion, Intellectual Curiosity, Learning Agility, Optimism, Performance Assessment, Performance Management Software {+ 16 more}

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

No

Government Clearance Required?

No

Job Posting End Date