Sr. Business Analyst (Insurance SME)

Posted 2 Days Ago
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Hiring Remotely in Chennai, Tamilnadu, IND
In-Office or Remote
Senior level
Information Technology • Business Intelligence • Consulting
The Role
Assess and redesign insurance business processes across policy administration, underwriting, claims, billing, regulatory reporting, and customer data. Document current and future-state workflows, identify governance gaps, define ownership and approval models, facilitate terminology workshops, and develop business requirements, use cases, and process documentation. Engage leaders, data owners, and cross-functional teams to improve governance controls, standardize processes, and align business and technology stakeholders.
Summary Generated by Built In

This is a remote position.

Overview :

We are seeking an experienced Insurance Business Process & Data Governance Consultant to support enterprise Data Governance initiatives within the insurance domain. The ideal candidate will have extensive experience in insurance operations, business process analysis, and stakeholder engagement, with the ability to assess current-state processes, identify governance gaps, and drive business alignment across multiple functional areas.

Key Responsibilities
Business Process Assessment & Analysis
  • Assess current business processes across key insurance functions, including:
    • Policy Administration
    • Underwriting
    • Claims Management
    • Billing
    • Regulatory Reporting
    • Customer & Producer Data
  • Conduct stakeholder interviews to understand existing business processes and operational challenges.
  • Document current-state business processes and identify governance gaps, ownership issues, and data management challenges.
  • Analyze operational bottlenecks resulting from ineffective data governance practices.
Process Design & Governance
  • Review and document up to five key business processes, including:
    • Current-state process flows
    • Future-state governed process flows
    • Business ownership models
    • Approval workflows and escalation paths
  • Develop governance-focused business documentation, including:
    • Business requirements
    • Business use cases
    • Process requirements
    • Workflow documentation
  • Facilitate business term definition workshops with cross-functional stakeholders.
  • Support the definition and standardization of approximately 15 key business terms.
  • Align business terminology across departments to ensure consistency and improved data governance.
Stakeholder Engagement & Governance Support
  • Collaborate with business leaders, data owners, and subject matter experts to validate business requirements and governance objectives.
  • Evaluate the effectiveness of existing governance controls and recommend process improvements.
  • Gather stakeholder feedback and ensure business alignment throughout governance initiatives.
  • Support business process transformation efforts by promoting governance best practices and standardized operating procedures.


Requirements
Required Skills & Experience
  • 10+ years of experience in the Property & Casualty (P&C) insurance industry.
  • Strong functional knowledge of:
    • Claims Management
    • Policy Administration
  • Experience conducting stakeholder interviews and facilitating business workshops.
  • Strong expertise in business process analysis, process mapping, and business transformation.
  • Experience documenting business requirements, process flows, workflows, and use cases.
  • Excellent communication, facilitation, presentation, and stakeholder management skills.
  • Strong analytical and problem-solving abilities with the capability to translate business needs into governance requirements.
  • Experience working with cross-functional business and technology teams.
Preferred Skills
  • Experience supporting Enterprise Data Governance or Data Management initiatives.
  • Knowledge of Data Governance frameworks, business glossaries, and data stewardship practices.
  • Familiarity with insurance data models, regulatory reporting, and governance controls.
  • Experience with business process improvement methodologies such as Lean, Six Sigma, or BPM.
  • Experience with process modeling tools such as Visio, Lucidchart, Bizagi, or similar platforms.
  • Experience working on enterprise digital transformation or modernization initiatives.
  • Exposure to data quality, metadata management, and master data management (MDM) programs.


Benefits
Exavalu also promotes flexibility, adapting to the needs of employees, customers, and the business. It might be part-time work, working outside normal 9-5 business hours or working remotely. We also offer a welcome back program to help individuals return to the mainstream after a prolonged absence due to health or family reasons.
At Exavalu, we are committed to building a diverse and inclusive workforce. We welcome applications for employment from all qualified candidates, regardless of race, colour, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We nurture a culture that embraces all individuals and promotes diverse perspectives, where you can make an impact and grow your career.


Skills Required

  • 10+ years of experience in the Property and Casualty insurance industry
  • Strong functional knowledge of claims management
  • Strong functional knowledge of policy administration
  • Experience conducting stakeholder interviews and facilitating business workshops
  • Expertise in business process analysis, process mapping, and business transformation
  • Experience documenting business requirements, process flows, workflows, and use cases
  • Excellent communication, facilitation, presentation, and stakeholder management skills
  • Strong analytical and problem-solving abilities, including translating business needs into governance requirements
  • Experience working with cross-functional business and technology teams
  • Experience supporting enterprise data governance or data management initiatives
  • Knowledge of data governance frameworks, business glossaries, and data stewardship practices
  • Familiarity with insurance data models, regulatory reporting, and governance controls
  • Experience with Lean, Six Sigma, or business process management methodologies
  • Experience with process modeling tools such as Visio, Lucidchart, Bizagi, or similar platforms
  • Experience with enterprise digital transformation or modernization initiatives
  • Exposure to data quality, metadata management, and master data management programs
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The Company
Chennai, Tamilnadu
295 Employees
Year Founded: 2018

What We Do

Exavalu leads the way in business and technology consulting and solution delivery, focusing on specialized digital transformation across the Insurance, Healthcare & Life Sciences, and Nonprofit industries. As an award-winning digital transformation advisor, we take pride in delivering leading-edge solutions to clients worldwide. Led by industry veterans and technology experts, we bring our deep understanding in customer experience, process automation, digital engineering, cloud, data and AI with a very strong industry core foundation. Drawing on our industry insights and technological acumen, we enable clients to drives growth, profitability, and cost optimization. We mitigate risks and elevate customer experience through our comprehensive suite of services, including strategic advisory, expert-led technology [build and maintenance], and best-in-class products and solutions. Our unwavering focus on understanding the industry's hard problems and finding the right solution has garnered recognition as the preferred ally for organizations seeking transformative growth.

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