Insurance Business Analyst

Position Title

Insurance Business Analyst

Location

New York, NY 10018

Job 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 - $117,801

Pay 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