Business Process Analyst

Job SummaryThis role will serve as a link between underwriting operations, financial strategy, and process optimization. The incumbent will apply strong analytical and financial acumen to understand, document, and improve processes within the underwriting lifecycle, ensuring efficiency, compliance, and alignment with financial objectives. While primarily focused on process improvement, this role will also support critical underwriting functions, leveraging data to drive strategic decisions and operational excellence.Essential ResponsibilitiesCreate comprehensive process maps and documentation for underwriting procedures, identifying current state operations, future state recommendations, and potential financial impacts.Develop desktop procedures and training materials specific to underwriting functions, ensuring clarity for audit and compliance.Collaborate closely with underwriters to analyze existing processes and tools, identifying opportunities for financial efficiency, risk mitigation, and improved quote/renewal turnaround times.Conduct analyses to quantify the financial impact of proposed process changes or tool enhancements, ensuring data-driven recommendations.Actively participate in and support project meetings related to underwriting system enhancements, financial modeling tool development, and overall operational efficiency initiatives, ensuring the underwriting perspective is well-represented.Support underwriting workloads by calculate rates utilizing company rating algorithms, adjusting accordingly to cover questionable claim patterns or unusual situations not otherwise contemplated within the standard formula.EducationRequired: High School Diploma/GEDSubstitutions: NonePreferred: Bachelor's Degree in finance, Accounting, Economics, Business Administration, or a related field.ExperienceRequired: Must be a US citizen. 3 - 5 years of experience in a Business Analyst or Business Process Analyst role or experience in a related operational area (e.g. claims, billing, customer service, etc.)Preferred: Experience in a financial analysis, underwriting support, or actuarial support role is highly desired. Strong understanding of financial concepts, risk assessment, and insurance product lifecycles.SkillsAnalysis of business problems/needsWritten & Oral Presentation SkillsBusiness AnalysisBusiness Process DesignBusiness Process ImprovementBusiness Process MappingBusiness RequirementsCollaborative Problem SolvingProject ManagementLanguages (other than English)NoneTravel Required0% - 25%Physical, Mental Demands and Working ConditionsPosition Type: RemoteTeaches / trains others regularly: OccasionallyTravel regularly from the office to various work sites or from site-to-site: RarelyWorks primarily out-of-the office selling products/services (sales employees): NeverPhysical work site required: YesLifting: up to 10 pounds: ConstantlyLifting: 10 to 25 pounds: NeverLifting: 25 to 50 pounds: NeverCompliance Requirement: This position adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.Pay Range Minimum: $50,200.00Pay Range Maximum: $91,200.00Base pay is determined by a variety of factors including a candidate's qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations.Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law. We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact the email below.