What are the responsibilities and job description for the Business Analyst_Omni position at The Brixton Group?
Duration: 6 Months
Location: Charlotte, NC
Responsibilities:
- Business Analyst would be responsible for analyzing retirement plans (like 401(k), IRA, 403(b), 401(a), 457(a), etc.) defining scope, data, and setup requirements.
- Collaborate with stakeholders to gather requirement details and prioritize them.
- Ensure successful delivery of features that meet customer needs.
- BA should have a strong understanding of agile methodologies, excellent communication skills, and strong retirement domain knowledge.
- Conduct in-depth analysis of business processes, systems, and data to identify opportunities for improvement and optimization.
- Partner with key stakeholders across the organization to understand needs, challenges, and objectives.
- Elicit, document, and analyze onboarding requirements for new retirement plans.
- Develop clear and concise user stories and functional specifications.
- Write detail business requirements for setting up initial plan, contribution limit monitoring, vesting, loans, etc. as per the retirement plan contract.
- Collaborate with IT teams to translate business requirements into technical specifications.
- Maintain and track query clarification related to plan implementation and requirement traceability matrix.
- Manage project scope, timelines, and resources, ensuring projects are delivered on time and within budget.
- Collaborate with Business, and ensure right data elements are implemented as part of initial configurations
- Review and validate the implementation of plan requirements on the core and peripheral systems
- Evaluate potential solutions and technologies, assessing their alignment with contractual agreements, effectiveness, and impact.
- Support test analyst(s) by providing inputs and clarification on various validation scenarios
- Revalidate post-production functional defects (if any)
- Create and maintain comprehensive documentation, including requirements documents, process maps, and user guides.
- Present findings and recommendations to stakeholders in a clear and compelling manner.
- Stay up to date on industry trends and best practices in retirement services.
- 5-years of experience as a Business Analyst, preferably in the financial services or retirement services industry.
- Deep experience/knowledge in Retirement plan offering (401(a), 401(k), 403(b), 457(a), etc.,)
- Working experience on Agile, DevOps.
- Experience in developing Test Plans, Test Strategy, Test Scope, Traceability Matrix
- Working experience on OMNI is preferred.
- Strong analytical and problem-solving skills.
- Excellent communication and presentation skills, both written and verbal.
- Ability to work independently and as part of a team.
- Proficient in MS Office Suite, with experience in data analysis tools preferred.
- Knowledge of industry regulations and standards related to retirement plans a plus.