Senior Business Analyst / System Analyst

Job Title: Senior Business Analyst / System Analyst

Location: NYC, NY | 2 Days in a week work from office is must.
Type: Contract

Job Summary

We are seeking an experienced Business Analyst / System Analyst with strong expertise in the Property & Casualty (P&C) Insurance domain, preferably with hands-on experience in MGA (Managing General Agent), MGU (Managing General Underwriter) or Insurance Carrier environments.

The ideal candidate should have a combination of insurance domain knowledge, business analysis capabilities, and hands-on data mapping experience.

The candidate will act as an insurance and finance domain consultant, working closely with business stakeholders, finance, reporting and operations teams to understand business requirements, translate them into functional and data specifications, and support data, reporting and analytics transformation initiatives.

Key Responsibilities

1. Business Analysis & Requirements Gathering

Lead discovery and requirement-gathering sessions with finance, reporting and insurance operations teams.

Understand current-state business processes, reporting requirements and operational challenges.

Translate business needs into clear business, functional and data requirements.

Prepare BRDs, functional specifications, user stories, process flows and supporting documentation.

Facilitate stakeholder discussions and obtain consensus and sign-off on requirements.

2. Data Mapping & Analysis

Perform source-to-target data mapping and document data definitions, transformation rules and business logic.

Analyze data flows across insurance applications, reporting platforms and downstream systems.

Validate data accuracy, completeness, consistency and business logic.

Work closely with technical and data engineering teams to clarify mapping requirements and resolve data-related issues.

Support data integration, migration and analytics transformation initiatives.

3. P&C Insurance Domain & Finance Expertise

Demonstrate a strong understanding of P&C Insurance business processes.

Understand MGA/MGU/Insurance Carrier operations and insurance finance processes.

Review and validate reports, dashboards and analytics related to premiums, claims, reserving, statutory reporting and management reporting.

Understand insurance accounting, financial reporting and month-end close processes.

Ensure proposed solutions align with insurance business rules and operational requirements.

4. Delivery, Testing & Stakeholder Management

Support backlog refinement, functional reviews and solution validation.

Define and execute UAT scenarios and support business users during testing.

Identify business risks, dependencies and scope changes and recommend mitigation plans.

Work closely with onshore and offshore delivery teams to ensure successful implementation.

Support change management, user training and adoption.

5. Roadmap & Governance

Identify and prioritize business use cases based on value, feasibility and effort.

Contribute to project roadmaps, KPIs and delivery milestones.

Provide regular project updates and support stakeholder and steering committee discussions.

Mentor offshore analysts and contribute to reusable business analysis templates and best practices.

Required Skills & Experience

10+ years of experience in Business Analysis, Systems Analysis, Insurance Consulting or Financial Services Consulting.

Strong experience in the P&C Insurance (Property & Casualty) domain.

Experience working with MGA, MGU or Insurance Carrier environments is highly preferred.

Hands-on experience in data mapping, source-to-target mapping and data transformation requirements.

Strong understanding of insurance processes, including premiums, claims, reserving and financial reporting.

Experience in BI, reporting, data or analytics transformation projects.

Experience in requirements gathering, functional documentation, stakeholder management and UAT.

Knowledge of SQL and data analysis is preferred.

Experience working in Agile or phased delivery environments.

Excellent communication, presentation, facilitation and stakeholder management skills.

Preferred Candidate Background

Candidates with experience in the following areas will be given preference:

P&C / Specialty Insurance.

MGA / MGU / Insurance Carrier.

London Market Insurance.

Insurance Finance and Regulatory Reporting.

Insurance Data Mapping and Analytics Transformation.

Insurance Core Systems and Reporting Platforms.

Mandatory Work Arrangement

Candidates must be comfortable working from the client office 2 days per week. This is a mandatory hybrid working requirement and is non-negotiable.

Vendor Screening & Submission Guidelines

Please prioritize candidates who possess all three core skill sets:

1. P&C Insurance Domain Experience - Strong understanding of Property & Casualty Insurance business processes.

2. MGA/MGU Experience - Hands-on experience working with Managing General Agents, Managing General Underwriters or Insurance Carriers.

3. Data Mapping Experience - Practical experience in source-to-target mapping, data definitions, transformation rules and data validation.

Important Screening Note:

Candidates with all three core skills (P&C Insurance + MGA/MGU + Data Mapping) should receive the highest priority.

Candidates with strong P&C Insurance and Data Mapping experience but without direct MGA/MGU exposure may be considered as secondary options.

Candidates with only generic IT Business Analyst experience or banking/general financial services experience, without relevant P&C Insurance domain knowledge, should NOT be considered a close match.

Candidates must confirm their availability to work from the office 2 days per week before submission.