Business Analyst - Re Insurance

Dice is a company focused on providing solutions in the reinsurance sector, and they are seeking a Senior Business Analyst to support various life and health reinsurance clients. The role involves managing client relationships, leading projects, and implementing solutions related to reinsurance administration processes.

Responsibilities:

• Lead, organize, and execute assigned business projects on behalf of clients and according to client's requirements
• Serve as Lead BA responsible for integrating new blocks of business into the TAI software to include complex arrangements, international business, and annuities
• Serve as primary BA responsible for client software upgrades of their TAI administrative platform
• Serve as primary/secondary BA responsible for successful completion of client requested custom software modifications within TAI's custom project portfolio
• Lead BA for New Implementations to the TAI software
• Design, development, and quality assurance processes throughout the software development life cycle (SDLC)
• Coordinate with technical team to derive business solutions for TAI software
• Adhere to prescribed processes and tools to complete tasks within defined timeframe
• Collect information about the client's business through a variety of methods documentation, meetings, and participating in or leading discovery
• Analyze large data sets and interpret complex data to identify potential patterns and root causes
• Review and analyze complex reinsurance arrangements and processes
• Review reinsurance systems or databases for data quality and compliance
• Gather business requirements, develop test plans, execute testing, and document results
• Formulate creative and innovative recommendations and solutions with attention to a client's needs, capabilities and limitations
• Present findings and suggestions to clients with ample justification and practical advice
• Provide guidance to the client for any occurring problems and issues
• Provide guidance or mentorship to new team members
• Provide training of all aspects of the TAI system to include inputs, functionality, and output
• Conduct complex tasks and activities within TAI and/or externally to obtain information such as life reinsurance policy data, cession data, managing the implementation of insurance products and/or business process workflows into the TAI Life Reinsurance system. May work with other departments and conduct primary or secondary research to gather client data if information is not readily available
• Work within TAI to coordinate interdepartmental activities to ensure that TAI meets customer expectations. Proactively anticipate and resolve problems to ensure that customers receive prompt, efficient service
• Work and communicate with cross functional teams internal and/or external including, Product Management, Project Management, Actuarial, Finance, Underwriting, Claims, or IT when on project assignment
• Support other TAI business partners as necessary
• Collaborate with colleagues and management to ensure delivery of best-in-class services to TAI's clients regarding timeliness, quality, accuracy, and value

Requirements:

• College or University Degree or equivalent work experience
• Proven knowledge of life insurance and annuity concepts
• 5+ years of experience in a Business Analyst or Reinsurance Analyst role or equivalent
• Experience with reinsurance data, processes, and controls
• Experience communicating directly and frequently with clients and stakeholders in a customer service setting
• 3+ years of experience leading projects
• Experience in contributing to projects including defining business requirements, forming, and executing test plans, and implementing solutions
• Excellent written and verbal communications skills with ability to clearly communicate information in a manner easy to understand
• Analytical and problem-solving skills: able to clearly link results to operational performance drivers; able to generate alternatives and drive positive change
• Effective gap-analysis and report writing skills
• Proficiency in Microsoft Excel, Access, Word, and PowerPoint
• Willingness to travel up to 25%
• Demonstrated knowledge of processes and issues impacting direct writers, reinsurers, and retrocessionaires
• Demonstrated knowledge of all procedures within the immediate team and a working understanding of other functional areas. An understanding of how decisions impact other areas of an organizations
• Proven understanding of reinsurance administration and North American products necessary for the management of reinsurance premiums, claims, other administrative functions, and preparation of trending reports and analysis
• Leads work efforts for complex projects guiding other associates and mentoring more junior and new members of the team
• Independently utilizes data and information to resolve items, many of which may have not previously been encountered
• Ability to independently manage competing deadlines and multiple client priorities while ensuring quality work is delivered in accordance with established service level agreements and timelines
• Able to respond in a fast-paced and competitive workplace
• Aptitude toward mathematics
• Ability to pick things up quickly while listening to client needs
• Creativity, curiosity, and a professional demeanor
• Able to handle the unexpected and adapt to a variety of situations
• Ability to deliver difficult messages in a professional manner
• Ability and drive to deliver on time, while working in a semi-autonomous environment
• Willingness to learn to work with the tools and solutions selected by the team
• Ability to work effectively and build relationships with all levels of personnel, customers, suppliers, consultants - both internally and externally
• Exceptional communication skills, with an ability to present and discuss technical information in a way that establishes rapport, persuades others, and provides understanding of project related information to a diverse audience (engineers to executives)
• University degree in computer science, actuarial science, finance, mathematics, or accounting
• CBAP
• 3+ years of TAI Software experience and/or TAI project experience
• Understanding of reinsurance reserves/valuation processes
• Proven understanding of administrative reinsurance auditing and data compliance processes
• FLMI, ACS, or ARA designation from LOMA
• Proficiency in Visio
• Proven ability to work with large data sets and complex data flows
• Basic understanding of most life insurance products written in the North American market
• Experience with project management concepts and practices
• Highly developed client service skills
• Proficiency in SQL and database software
• 5+ years of experience in a reinsurance analyst or accounting role, or life and health reinsurance, policy administration, or related experience
• Detailed understanding of reinsurance data, processes, and controls including retention management practices, treaty setup, interpretation, and compliance