Role &

responsibilities: Life Insurance New Business & Underwriting

- Gather, analyze, and document business requirements from stakeholders.

- Prepare Business Requirement Documents (BRD), Functional Requirement Documents (FRD), user stories, and process flow diagrams.

- Analyze and improve Recent Business and Underwriting processes to enhance operational efficiency.

- Work closely with underwriters, operations teams, product owners, and development teams to define business solutions.

- Conduct gap analysis, impact analysis, and feasibility studies for system enhancements.

- Support the implementation and testing of life insurance applications.

- Participate in User Acceptance Testing (UAT), defect tracking, and resolution activities.

- Facilitate requirement workshops, stakeholder meetings, and walkthrough sessions.

- Ensure business requirements comply with regulatory and organizational standards.

- Monitor project progress and provide regular updates to stakeholders.

- Assist in change management, training, and production support activities.

Domain Knowledge Required

New Business

- End-to-end life insurance application processing.

- Proposal submission and validation.

- KYC and customer onboarding processes.

- Financial and medical underwriting requirements.

- Policy issuance and onboarding workflows.

- Premium collection and payment processing.

Underwriting





- Underwriting principles and risk assessment.

- Medical and non-medical underwriting.

- Underwriting decision processes (Standard, Rated, Postponed, Declined).

- Reinsurance concepts and underwriting rules.

- Risk classification and underwriting guidelines.

- Automated underwriting systems and decision engines.

Required Skills

Business Analysis

- Requirement gathering and elicitation techniques.

- BRD, FRD, Use Cases, User Stories, and Acceptance Criteria.

- Process mapping using Visio, Lucid chart etc.

- Gap Analysis and Root Cause Analysis.

- Agile Scrum and Waterfall methodologies.

Technical Skills

- SQL for data analysis and validation.

- Jira

- Understanding of APIs and system integrations.

Qualifications

- Bachelor's degree in Business, Insurance, Computer Science, Information Technology, or a related field.

- 2+ years of experience as a Business Analyst in the Life Insurance domain.

- Experience in New Business and Underwriting processes is mandatory.

- Certifications such as CBAP, CCBA, ECBA, or Agile BA are advantageous.

Key Competencies

- Strong analytical and problem-solving skills.

- Excellent communication and stakeholder management abilities.

- Attention to detail and documentation skills.

- Ability to work in cross-functional teams.

- Strong understanding of insurance business processes and regulations.

📌 Business Analyst (Hyderabad)
🏢 Shriram Life Insurance
📍 Hyderabad