Business Analyst (Insurance)

Role: Business Analyst - Insurance Domain

Experience: 6+ Years

Location: Toronto, ON

Employment type: Fulltime Permanent

Key Responsibilities:

Business Analysis & Requirement Management

· Gather, analyze, document, and validate business requirements from stakeholders.

· Conduct workshops, interviews, and requirement elicitation sessions.

· Create detailed Business Requirement Documents (BRDs), Functional Requirement Documents (FRDs), user stories, and process flows.

· Translate business needs into clear functional and technical specifications.

· Perform impact analysis for proposed changes and enhancements.

· Ensure traceability of requirements throughout the project lifecycle.

Insurance Domain Expertise

· Analyze and support business processes related to:

o Policy Administration

o Claims Management

o Underwriting

o Billing and Payments

o Renewals and Endorsements

o Insurance Product Configuration

· Work closely with business users to improve operational efficiency.

· Support regulatory and compliance initiatives affecting insurance products and processes.

· Understand P&C, Life, Health, or Commercial Insurance business processes.

Data Analysis & PL/SQL

· Write complex SQL queries for data analysis, validation, reconciliation, and reporting.

· Analyze large datasets to identify trends, anomalies, and business insights.

· Work with database teams to review stored procedures, packages, triggers, and functions.

· Validate data migration and transformation activities.

· Support UAT and production issue investigations using Oracle database and PL/SQL.

Application & Technical Collaboration

· Collaborate with development teams working on Java-based applications.

· Understand application architecture and integration points.

· Participate in solution design discussions and provide functional inputs.

· Review technical designs to ensure alignment with business requirements.

· Coordinate with developers, architects, QA teams, and project managers.

Testing & Quality Assurance

· Create and review test scenarios and test cases.

· Support SIT, UAT, and regression testing.

· Perform requirement validation and defect triage.

· Ensure delivered solutions meet business expectations.

Stakeholder Management

· Act as liaison between business users and technical teams.

· Conduct project status meetings and requirement walkthroughs.

· Present findings, recommendations, and business cases to senior stakeholders. Manage stakeholder expectations and address business concerns proactively.

Required Qualifications

Experience

· 6+ years of experience as a Business Analyst.

· Minimum 3-5 years of experience in the Insurance industry.

· Proven experience working on large-scale application development or enhancement projects.

· Experience working in Agile and Waterfall environments.

Insurance Domain Knowledge

Strong understanding of:

· Policy Administration Systems

· Claims Processing

· Underwriting Operations

· Insurance Product Lifecycle

· Premium Calculation

· Billing & Collections

· Regulatory Compliance Requirements

Technical Skills

· Strong SQL and PL/SQL expertise.

· Experience querying databases

· Knowledge of stored procedures, packages, triggers, and views.

· Understanding of Java/J2EE-based applications.

· Familiarity with frameworks such as:

o Spring Boot

o Spring MVC

o Hibernate/JPA

o EJB

· Knowledge of REST APIs and system integrations.

· Experience with data mapping and data analysis.

Tools & Technologies

· SQL Server Database

· SQL Developer / TOAD

· JIRA"