Job Title: Business Analyst - Life & Annuity Insurance
Location: New York, NY
Duration: 6 months (Extendable)
Pay Range: $55-57/Hour on W2/C2C (All Inclusive)
Request ID: 114980-1
We are seeking an experienced Business Analyst with strong expertise in Life & Annuity Insurance, business process analysis, requirements gathering, and stakeholder management. The ideal candidate will bridge the gap between business and technology teams by eliciting requirements, documenting user stories, conducting process mapping workshops, and ensuring successful delivery of business solutions.
The candidate must possess deep knowledge of Life & Annuity business processes, policy administration, underwriting, claims, servicing, and related insurance workflows.
Key Responsibilities
- Collaborate with business stakeholders to gather, analyze, and document business requirements.
- Conduct stakeholder interviews, workshops, and discovery sessions to understand business needs.
- Create detailed Business Requirement Documents (BRDs) and Functional Requirement Specifications (FRS).
- Develop and manage user stories, epics, use cases, and acceptance criteria.
- Perform current-state and future-state process analysis.
- Create process flows, workflow diagrams, and business process maps.
- Translate business requirements into functional and technical specifications.
- Manage requirements traceability from inception through implementation and testing.
- Work closely with Product Owners, Developers, QA teams, and project stakeholders.
- Support Agile ceremonies, including backlog grooming, sprint planning, and review sessions.
- Validate delivered solutions against business requirements and acceptance criteria.
- Facilitate User Acceptance Testing (UAT) and business sign-offs.
- Identify process improvement opportunities and recommend best practices.
- Ensure compliance with organizational and regulatory requirements within the insurance domain.
Required Skills
Business Analysis
- Requirements Elicitation
- Gap Analysis
- Business Process Analysis
- Process Mapping
- Workflow Documentation
- User Stories
- Use Cases
- Acceptance Criteria
- Requirements Traceability
- Functional Specifications
- Stakeholder Management
Methodologies
- Agile Scrum
- Waterfall
- Hybrid Delivery Models
Documentation & Tools
- Jira
- Confluence
- Visio
- Client Office Suite
- Lucidchart (Preferred)
- Azure DevOps (Preferred)
Insurance Domain Expertise
- Life Insurance
- Annuities
- Policy Administration
- New Business Processing
- Underwriting
- Claims Processing
- Agent/Broker Workflows
- Policy Servicing
- Regulatory Compliance
Preferred Qualifications
- Experience with Life & Annuity transformation initiatives.
- Experience working with policy administration platforms such as:
- Vitech
- FAST
- CyberLife
- ALIP
- LifePRO
- FINEOS
- Experience supporting system implementations, upgrades, or migration projects.
- Knowledge of digital transformation initiatives in the insurance industry.
Qualifications
- Bachelor's degree in Business, Finance, Information Systems, or related field.
- 10+ years of Business Analysis experience.
- 5+ years of Life & Annuity Insurance domain experience.
- Strong communication and stakeholder management skills.
- Proven experience facilitating workshops with business and technical teams.