Position Title
Insurance Business AnalystLocation
New York, NY 10018Job Summary
The Insurance Business Analyst role is responsible for creation of presentations, training docs, completion of product approval documents, insurance software implementation, monitoring of contracts, monitoring of carriers, some reporting, and a myriad of other projects involved in creating an insurance business and then having it run. All responsibilities of the IBA will aid in revenue generation, new business development, product innovation, and marketing initiatives. Reporting directly to the Head of Insurance, the IBA plays a pivotal role in in helping the business meet its ambitious growth targets.Pay Range: $73,626 - $95,714 - $117,801Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
Business Development and Product & Service Innovation
- Requirements gathering
- Assist in eliciting, analyzing and documenting business needs from stakeholders
- Collect and analyze data
- Create and maintain project documentation
- Support Insurance Team with special projects
- Document policies and procedures
- Develop expertise in specific products, systems and processes
- Collaborate with internal teams and external partners/carriers to develop client-centric services that meet evolving needs.
Stakeholder Engagement
- Build and maintain strong relationships with key stakeholders to ensure fair and beneficial outcomes for all client segments.
Performance Monitoring
- Track and analyze business performance metrics, ensuring delivery of growth targets and identifying areas for improvement.
ADDITIONAL ACCOUNTABILITIES
- Performs special projects, and additional duties and responsibilities as required.
- Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
- Education level required: Undergraduate Degree (4 years or equivalent)
- Minimum experience required: 4+ Years in Insurance, Business, or Information Technology
Job Competencies:
- Strong analytical, organizational, collaborative and communication skills
- Detail oriented
- emonstrated profiency with Microsoft suite of products (Powerpoint, Excel, Word…) required
- Ability to learn new software tools quickly
- Ability to work independently
- Excellent project management skills
- Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
- Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
- Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
- Some travel may be required
- Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer
Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Similar Jobs
What We Do
Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York. At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.
