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IT Business Analysis Specialist

4 months ago

Broomfield, Colorado, United States Marsh Full time

Victor Insurance Holdings is the world's largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $2.5 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor Insurance is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas.

For more information, visit

Victor is seeking candidates for the following position based in the Broomfield CO office.

IT Business Analysis Specialist

What can you expect?

  • As a Business Analyst, you will be responsible for the planning of process improvement, insurance product implementation, system enhancement and technology implementation solutions.
  • In partnership with business leaders, business colleagues, clients, and vendors, you will identify business needs and help implement changes to achieve business goals.
  • You will define business requirements; process flows and use cases.
  • The Business Analyst is responsible for User Acceptance Testing to ensure the operational effectiveness and excellence of the business unit.
  • The Business Analyst will be a functional expert on the specified business topics and in-scope application(s) as liaison between the business unit and Information Technology.
  • The Business Analyst will also act as Project Manager for small sized projects as necessary.

What is in it for you?

  • Work with a seasoned, collaborative and team focused group of highly skilled individuals.
  • Work in an inclusive, collaborative, and innovative culture that embraces diversity
  • Exposure to key stakeholders and senior leadership and the opportunity to make strong business connections
  • A flexible, hybrid work schedule, including remote working opportunities, with competitive compensation including bonus eligibility and vacation days commensurate with experience level
  • We are excited to offer the following benefits to all our colleagues: Health and welfare benefits - Tuition assistance - 401K and other retirement savings programs - Employee assistance programs – physical, mental and financial

We will count on you to:

  • Conduct thorough analysis of business processes, systems, and data to identify areas for improvement and optimization.
  • Collaborate with stakeholders to gather requirements and translate them into clear and actionable deliverables.
  • Develop and maintain documentation, including business requirements, process flows, and user stories.
  • Analyze data and generate reports to provide insights and recommendations to stakeholders.
  • Collaborate with cross-functional teams to implement process improvements and drive operational efficiency.
  • Be responsible for the Business Requirements Definition process, translating business strategies and objectives into business requirements and delivering within designated project timelines.
  • Elicit requirements using interviews, document analysis, requirements workshops, business process descriptions, use cases, scenarios, business analysis, task and workflow analysis.
  • Understand business and technology environments, application and process capabilities.
  • Critically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, abstract up from low-level information to a general understanding, and distinguish user requests from the underlying true needs.
  • Ensure issues are identified, tracked, reported on and resolved in a timely manner.
  • Provide an understanding of existing procedures, policies, practices and products and renders insights to the project team regarding future state needs, requirements and impacts.
  • Help prepare/update status reports and task planning activities
  • May run small projects without a Project Manager.
  • Develop User Acceptance Testing (UAT) Test Plans and coordinates and participates in UAT process.
  • Communicate needed changes discovered in UAT to Project Manager and development team.
  • Participate in smoke testing in release process.

What you need to have:

  • Proven experience as a Business Analyst or similar role.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Ability to work collaboratively in a diverse and inclusive team environment.
  • Knowledge of business process modeling and documentation.
  • The ability to translate business strategies and objectives into business requirements.
  • Previous background in P&C Commercial insurance preferred

What makes you stand out

  • This position requires someone who is resourceful and a solution seeker that is detail-oriented, firm yet flexible, and driven to see their projects succeed.
  • This individual is an excellent and articulate communicator who can translate information across different technical and business teams, client and vendor audiences along with different levels of leadership. They also understand that change is inevitable and must be willing and able to thrive in a dynamic environment.

Victor offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. If that's you, join us on our journey—because together, we are all Victors.

Victor Insurance Managers LLC ("Victor") is one of the world's largest managing general underwriters with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $3.7 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 20,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance solutions – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor is committed to building on 65-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit

The following boilerplate language can be added to every job advert verbatim for which it applies. This language must be posted in addition to the primary business unit, it cannot be posted individually without the primary business boilerplate.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.

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ICAT #ICAT

The applicable base salary range for this role is $69,100 to $138,400.

The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.

Applications will be accepted until: August 30, 2024