Business Analyst- Insurance Classification and Implementation

Applied Systems is a leading company in the Insurtech industry, focused on transforming the insurance sector. They are seeking a Business Analyst- Insurance Classification and Implementation to analyze and map insurance classification frameworks, create documentation, and serve as a subject-matter expert in classification logic.

Responsibilities:

• Analyze and map relationships between NAICS, ISO, SIC, NCCI, and other insurance-specific classification frameworks to support underwriting, rating, eligibility, and product logic
• Identify common operational, exposure, and risk characteristics that tie together disparate classification standards
• Create and maintain authoritative mapping documentation, decision rationales, and supporting artifacts for internal and external use
• Translate real-world business descriptions into accurate industry classifications across multiple standards
• Assess edge cases where businesses do not cleanly align to a single class code and recommend defensible classification approaches
• Serve as a subject-matter expert when working with carriers, bureaus, vendors, and partners on classification logic and alignment
• Persuasively communicate classification rationale, especially in scenarios involving disagreement, regulatory sensitivity, or underwriting impact
• Facilitate working sessions to align classification approaches and gain consensus across organizations with differing incentives or interpretations
• Advanced ability to synthesize multiple classification systems and identify shared risk, exposure, and operational attributes
• Strong data analysis and documentation skills, including the ability to clearly articulate 'why' behind classification decisions
• Comfort working with structured data, APIs, schemas, or rule-based systems that consume classification inputs
• Strong understanding of how classification decisions impact underwriting appetite, pricing, coverage eligibility, and regulatory compliance
• Ability to balance theoretical classification definitions with practical insurance outcomes

Requirements:

• Analyze and map relationships between NAICS, ISO, SIC, NCCI, and other insurance-specific classification frameworks to support underwriting, rating, eligibility, and product logic
• Identify common operational, exposure, and risk characteristics that tie together disparate classification standards
• Create and maintain authoritative mapping documentation, decision rationales, and supporting artifacts for internal and external use
• Translate real-world business descriptions into accurate industry classifications across multiple standards
• Assess edge cases where businesses do not cleanly align to a single class code and recommend defensible classification approaches
• Serve as a subject-matter expert when working with carriers, bureaus, vendors, and partners on classification logic and alignment
• Persuasively communicate classification rationale, especially in scenarios involving disagreement, regulatory sensitivity, or underwriting impact
• Facilitate working sessions to align classification approaches and gain consensus across organizations with differing incentives or interpretations
• Advanced ability to synthesize multiple classification systems and identify shared risk, exposure, and operational attributes
• Strong data analysis and documentation skills, including the ability to clearly articulate 'why' behind classification decisions
• Comfort working with structured data, APIs, schemas, or rule-based systems that consume classification inputs
• Strong understanding of how classification decisions impact underwriting appetite, pricing, coverage eligibility, and regulatory compliance
• Ability to balance theoretical classification definitions with practical insurance outcomes
• 5+ years of experience in the insurance industry, preferably in Commercial Lines, Workers' Compensation, or Small Business insurance
• Hands-on experience working with NAICS, ISO, SIC, and/or NCCI class codes in underwriting, rating, analytics, or product design contexts
• Exposure to carrier underwriting guidelines, eligibility rules, or bureau filings where classification accuracy is critical
• Experience interpreting real-world business operations (e.g., mixed operations, ancillary services, multiple revenue streams) for insurance purposes
• Prior experience in roles such as Business Analyst, Product Analyst, Underwriting Analyst, or Insurance Data Analyst
• Experience working directly with insurance carriers, carrier partners, or third-party data providers
• Familiarity with regulatory or compliance considerations related to classification and rating
• Experience supporting API-driven or data-platform products where classification logic is embedded in automated decisioning