We at Harjai Technologies are Hiring for our client in Insurance tech based in Bangalore, below mentioned are details of the job.

SME/ Business Analyst (BA) 5+ Years

Full Time Bangalore

Job Description :

Company Overview :

Client enable financial services and insurance enterprises to quickly turn ideas into business outcomes with our AI-powered hyper-automation platform, a library of purpose-built low-code solutions, and deep industry expertise.

Enterprises globally rely on platform to re-imagine, develop, and deploy complex, process-driven, and customer-engaging business applications.

We currently work with 30+ leading enterprises over multi-year engagements across the globe as their long-term strategic partner across various use cases.

About the Role :

Client is looking for a highly skilled SME/Business Analyst (BA) with expertise in Life Insurance, particularly in core life insurance systems, rating, pricing, and business rules.

The ideal candidate will be responsible for documenting requirements, analyzing pricing methodologies, and collaborating with stakeholders to streamline policy administration and underwriting processes.

A strong background in core life insurance platforms and pricing systems will be a key advantage in this role.

Key Responsibilities :

Requirement Gathering & Documentation :

- Work closely with business stakeholders, actuaries, and IT teams to define and document requirements.

- Create Business Requirement Documents (BRD), Functional Specification Documents (FSD), and Use Cases for life insurance products and rating models.

- Ensure that pricing and underwriting rules align with business objectives and regulatory requirements.

Core Life & Pricing System Expertise (Advantageous) :

- Work with core life insurance systems (policy administration, underwriting, claims, and billing).

- Define and document pricing methodologies, rating structures, and business rules for life insurance products.

- Collaborate with actuaries and product teams to ensure seamless integration of pricing models with core systems and rules engines.

Process Analysis & Business Solutions :

- Evaluate existing workflows in policy issuance, premium calculations, underwriting, and claims processing.

- Identify areas for automation, system optimization, and digital transformation.

- Work with technology teams to configure rules engines for business logic implementation.

Stakeholder Management & Communication :

- Act as a bridge between business teams, IT developers, actuaries, and third-party vendors.

- Lead requirement gathering workshops, stakeholder discussions, and process reviews.

- Ensure effective communication between business and technology teams to deliver robust solutions.

Onsite Collaboration :

- Work onsite in New Jersey, engaging directly with customers, development teams, and insurance partners.

- Support User Acceptance Testing (UAT) to ensure business requirements are met.

Qualifications & Skills :

Industry Experience :

- 5+ years of experience as a Business Analyst/SME in Life Insurance.

- Hands-on experience with core life insurance platforms (policy administration, underwriting, or claims systems).

- Strong understanding of rating engines, pricing models, and underwriting rules.

- Experience with term life and whole life insurance products.

Technical & Analytical Skills :

- Background in pricing system integration and rules engine configuration.

- Ability to analyze actuarial pricing models and translate them into business requirements.

- Proficiency in documentation tools such as Visio, Confluence, JIRA, and Excel.

Business & Communication Skills :

- Strong analytical and problem-solving skills.

- Excellent communication skills for effective collaboration with business and IT teams.

- Ability to work independently and drive digital transformation initiatives.

Preferred Qualifications :

- Low-Code/No-Code platforms, or automation tools.

- Knowledge of regulatory frameworks (e., NAIC, IFRS 17, or GAAP for Life Insurance).

- Exposure to APIs, digital insurance ecosystems, and pricing model integration