Business Analyst
6 months ago
This position is responsible for:
1. Collaboration with various departments and stakeholders to gather, document and analyze business requirements, process and work flow.
2. To assist in identifying areas for process improvement and recommending solutions to enhance operational efficiency and effectiveness.
Major duties and responsibilities
- Conduct research and analysis of underwriting processes to identify needs and areas for improvement
- Develop a deep understanding of the company's underwriting products and services, and provide insights to stakeholders
- Collect and analyze data to determine the effectiveness of various underwriting strategies and identify trends and opportunities
- Prepare and present reports on findings, including recommendations for improving underwriting processes and systems
- Collaborate with underwriters and other stakeholders to develop functional requirements and specifications for systems and processes
- Ensure that solutions align with company goals and objectives, regulatory requirements, and market trends
- Monitor and test implemented solutions to ensure they meet the business needs and identify potential areas for improvement
- Develop and maintain documentation of underwriting processes, requirements, and solutions
- Provide training and support to underwriters and other stakeholders on new systems and processes
- Any other tasks as assigned
Skills
- Strong understanding on Motor, residential and other personal lines product.
- Thorough understanding of standard operation flow of consumer lines business
- Strong communication and interpersonal skills and networking
- Result oriented and posses strong analytical skills
- Computer literate especially MS Office.
Experience
- More than 2 years relevant experience in the class of business.
**Qualifications**:
- Bachelor's degree in business administration, finance, economics, or a related field
- Minimum of 3 years of experience in underwriting or a related field
- Strong analytical and problem-solving skills related specifically to underwriting and risk assessment
- Excellent communication and interpersonal skills, with the ability to work effectively with underwriters and other stakeholders
- Experience with project management methodologies and tools
- Familiarity with industry trends and regulatory requirements related to underwriting and risk assessment
- Proficient in data analysis and visualization tools (Excel, Tableau, etc.)
- Attention to detail and a focus on delivering high-quality work
- Ability to work effectively both independently and as part of a team
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