Specialist - Business Analysis

LTM

$70K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 5 years experience as a Business Analyst in Finance Systems within the insurance industry.
  • Proficient in writing clear business requirements documentation.
  • Strong SQL query writing skills with experience in Oracle and Postgres databases.
  • Hands-on experience in creating user stories, process mapping, and maintaining data dictionaries.
  • Familiarity with insurance accounting standards and regulations, including IFRS17 and OSFI.

Responsibilities

  • Collaborate with stakeholders to discover and prioritize system enhancements.
  • Conduct gap analysis and develop functional specifications for system changes.
  • Ensure compliance with insurance accounting standards and regulations.
  • Analyze data impacts on Profit and Loss statements and balance sheets.
  • Create and execute SQL queries for data management.

Benefits

  • Opportunity to work in a dynamic insurance sector.
  • Exposure to advanced financial systems like Oracle and SAP.
  • Professional development opportunities in financial systems and insurance standards.
Full Job Description
Role description

Job Role: Financial Business Analyst (with experience in financial systems such as Oracle SAP for a P&C insurance company)

Technical Skills (Primary):
  • Experience / Industry knowledge: Minimum of 5 years of experience as a Business Analyst in Finance Systems with extensive experience in the insurance industry
  • Basic Accounting Skills: Self learning ability to write clear business requirements doc
  • Write SQL queries Excellent writing skills
  • Hands on BA experience writing requirements creating user stories process mapping data modelling maintaining data dictionaries etc.
  • Collaborate with stakeholders to identify and prioritize system enhancements and improvements
  • Understand and interact with Guidewire and mainframe constructs in the context of finance systems
  • Conduct gap analysis and develop functional specifications for system changes
  • Ensure compliance with insurance accounting standards and regulations
  • Analyze data impacts on PL statements and Balance Sheets
  • Understand basic accounting including balance sheet PL concept
  • Work side by side with business teams throughout the life of the project understanding their needs communicating expectations and developing customer centric change proposals
  • Create SQL queries and execute in Oracle Postgres Databases
  • Strong understanding of insurance accounting principles and practices
  • Familiarity with insurance industry regulations and standards particularly in relation to IFRS17 OSFI GISA Facility Association and GAA
  • Understanding of ETL transformations and their role in data processing
  • Expertise in SQL scripting
  • Strong understanding of insurance accounting principles and practices


Soft Skills:
  • Familiarity with Guidewire principles PolicyCenter BillingCenter or ClaimCenter
  • Knowledge of mainframe constructs and their application in Finance Systems

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