Business Analyst with Property and Casualty

Overview

We are seeking an experienced Business Analyst with a strong background in the Property and Casualty (P&C) insurance domain. The role acts as a bridge between business stakeholders and technical teams, gathering requirements, analyzing processes, and facilitating solutions to improve insurance operations, underwriting, claims management, and policy administration.

At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Through our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Synechron has a global workforce of 14,500+ with 58 offices in 21 countries.

The base salary for this position will vary based on geography and other factors. In accordance with law, the base salary for this role in Glen Allen, VA is $105k - $120k/year plus benefits (see below).

The Role:

Responsibilities:

• Collaborate with underwriting, claims, actuarial, and other domain experts to understand and document business needs and processes within the P&C insurance space.
• Gather, analyze, and translate business requirements into detailed functional specifications and user stories for development teams.
• Conduct gap analysis to identify areas for process improvement and system enhancement.
• Support the design, testing, and implementation of P&C insurance solutions, ensuring alignment with business goals.
• Assist in the development of data models, workflows, and reports related to insurance operations.
• Facilitate communication among stakeholders, project teams, and vendors to ensure clear understanding and successful delivery.
• Support regulatory compliance, risk management, and audit requirements by ensuring systems and processes meet industry standards.
• Keep abreast of industry trends, regulatory changes, and emerging technologies within the P&C insurance domain.

Requirements:

• Bachelors degree in Business Administration, Insurance, Finance, Computer Science, or a related field.
• Proven experience as a Business Analyst in the Property and Casualty insurance domain.
• Strong understanding of P&C insurance processes, including underwriting, policy administration, claims handling, ratemaking, and risk assessment.
• Experience with insurance software platforms like Guidewire, Duck Creek, Vertafore, or similar.
• Excellent analytical, problem-solving, and documentation skills.
• Strong communication and stakeholder management abilities.
• Knowledge of industry regulations, compliance standards, and best practices.
• Ability to work independently and collaboratively in a fast-paced environment.

Preferred Qualifications:

• Professional certifications such as CBAP, CCBA, or PMI-PBA.
• Experience with Agile/Scrum methodologies.
• Knowledge of insurance data analytics and reporting tools.

We offer:

• A highly competitive compensation and benefits package.
• A multinational organization with 58 offices in 21 countries and the possibility to work abroad.
• 10 days of paid annual leave (plus sick leave and national holidays).
• Maternity & paternity leave plans.
• A comprehensive insurance plan including medical, dental, vision, life insurance, and long-/short-term disability (plans vary by region).
• Retirement savings plans.
• A higher education certification policy.
• Commuter benefits (varies by region).
• Extensive training opportunities, focused on skills, substantive knowledge, and personal development.
• On-demand Udemy for Business for all Synechron employees with free access to more than 5000 curated courses.
• Coaching opportunities with experienced colleagues from our FinLabs and CoE groups.
• Cutting edge projects at the worlds leading tier-one banks, financial institutions and insurance firms.
• A flat and approachable organization.
• A truly diverse, fun-loving, and global work culture.

S YNECHRONS DIVERSITY & INCLUSION STATEMENT

Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our DEI initiative Same Difference is committed to fostering an inclusive culture promoting equality, diversity and an environment that is respectful to all. We encourage applicants from across diverse backgrounds to apply. We empower our global workforce with flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more.

All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to gender, gender identity, sexual orientation, race, ethnicity, religion, age, marital status, disability, veteran status, or any other characteristic protected by law.

Seniority level

1. Mid-Senior level

Employment type

1. Full-time

Job function

• Information Technology
• Industries: Technology, Information and Internet

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Inferred from the description for this job

Need Business Analyst - Local to Richmond, VA Need Business Systems Analyst 4 - Local to Richmond, VA Business Analyst 4 - USC or Grn Card ONLY Business Analyst - Local Candidates Only

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