Life Solutions is hiring: Sr. Business Analyst in Holmdel

Company Description

We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.

Job Description

The Senior Business Analyst operates as a senior/lead team member of a consulting team, assisting assigned Insurance Carrier project teams (“our customers”) to implement, integrate, leverage, and enhance the FAST platform. The role primarily involves consultative activity to understand and align customer objectives with the platform capabilities and leading teams to configure, learn, implement, and manage the platform to run their business. Work assignments are carried out in a hybrid working model combining the Verisk home office (US or India), remote and periodic travel to customer locations. The Senior Business Analyst works autonomously and uses sound judgment to solve problems, support the customer and Verisk team members and collaborate with Verisk product owners and SMEs. They handle the most complex and crucial tasks that are vital to the organization.

Essential Duties and Responsibilities

• Project engagement: May oversee, direct, or participate in concurrent project assignments, ensuring they meet company goals and industry standards. Manage schedules, prioritize, and assign stories to team members to accomplish targets and deliverables. Lead design sessions on business functionality and product logic with customers.
• Team Collaboration: Collaborate with business, IT, actuarial, and operations teams to define objectives, offer recommendations, and align project goals. Mentor and guide junior analysts, fostering their professional growth and skill development.
• Market Expertise: Leverage in-depth knowledge of the life insurance and annuity markets to analyze trends, regulatory changes, and competitive landscape.
• Data Analysis & Reporting: Use data analytics to evaluate and improve business processes, identify performance metrics, and generate insightful reports. Regularly update customers and team on project deliverables and deadlines.
• Stakeholder Engagement: Serve as a lead contact between stakeholders, product owners and project teams. Ensure transparency, manage expectations, and support decision-making with clear information.
• Process Improvement: Identify areas for process optimization and drive initiatives to enhance operational efficiency. Implement best practices and recommend tools or systems to streamline workflows and improve service delivery.
• Change Management: Assist in change management initiatives to ensure smooth transitions for stakeholders and users when implementing new systems or processes.
• Testing and Validation: Oversee the testing process to ensure that solutions meet business requirements, including user acceptance testing (UAT) and validation of deliverables.
• Strategic Planning: Contribute to strategic planning sessions, providing insights and recommendations based on data analysis and market trends.

Qualifications

• Bachelor's degree in business administration, finance, economics, or a related field (master’s degree or certifications are a plus).
• A minimum of 5 years of experience in business analysis or consulting and working as part of agile teams driving technology improvements and implementations (having led projects preferred).
• Proficiency in industry-standard software and tools, such as SQL, Excel, Tableau, JIRA, Confluence, and business intelligence applications.
• Knowledge of life insurance products with experience across at least some of, term life, whole life, universal life, variable life, annuities, and group. Knowledge of the policy lifecycle and how different products are serviced over time. LOMA certifications are a plus.
• Strong analytical skills to breakdown complex customer objectives and provide appropriate solutions within the context of the FAST application. Ability to negotiate terms with customers, ensuring that the solutions provided are feasible and meet the customer’s expectations.
• A strong focus on delivering value to customers, ensuring that their needs are prioritized while balancing operational and regulatory constraints. Be flexible in adapting solutions to meet changing customer needs, market conditions, or regulatory changes.
• Communication & Presentation: Excellent communication skills, particularly in articulating complex product features and benefits to customers in a clear, concise, and persuasive manner.
• Communication and Interpersonal skills: Excellent verbal and written communication skills to convey complex information clearly to various stakeholders. Strong relationship-building skills to foster collaboration across departments.

Technical skills

• Ability to write SQL queries to aid in identifying patterns, validating data, and supporting decision making processing actionable insights.
• Ability to analyze and parse xml files ensuring business processes and data are accurate and consistent.
• Expertise in excel
• Expertise or ability to learn how to look through software logs for troubleshooting, identifying system errors and ensuring the proper functioning of business processes.

#LI-MB1

#LI-Hybrid

Additional Information

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work® for outstanding workplace culture in the US, fourth consecutive year in the UK, Spain, and India, and second consecutive year in Poland.  We value learning, caring and results and make inclusivity and diversity a top priority.  In addition to our Great Place to Work® Certification, we’ve been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World’s Best Employer and Best Employer for Women, testaments to the value we place on workplace culture.

We’re 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

 

Verisk Businesses

Underwriting Solutions — provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions — supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions — offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Extreme Event Solutions — provides risk modeling solutions to help individuals, businesses, and society become more resilient to extreme events.

Specialty Business Solutions — provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions — delivers data and insights to improve the reach, timing, relevance, and compliance of every consumer engagement

Life Insurance Solutions – offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft — provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

https://www.verisk.com/privacy-policies/data-privacy-notice-for-employees-applicants-and-independent-contractors/