Sr Consultant - Functional Business Analyst

Insurance Business Analyst

Join our AI & Engineering team in transforming technology platforms, driving innovation, and helping make a significant impact on our clients' success. You'll work alongside talented professionals reimagining and re-engineering operations and processes that are critical to businesses. Your contributions can help clients improve financial performance, accelerate new digital ventures, and fuel growth through innovation. AI & Engineering leverages cutting-edge engineering capabilities to build, deploy, and operate integrated/verticalized sector solutions in software, data, AI, network, and hybrid cloud infrastructure. These solutions are powered by engineering for business advantage, transforming mission-critical operations. We enable clients to stay ahead with the latest advancements by transforming engineering teams and modernizing technology & data platforms. Our delivery models are tailored to meet each client's unique requirements.

Our Industry Solutions offering provides verticalized solutions that transform how clients sell products, deliver services, generate growth, and execute mission-critical operations. We deliver integrated business expertise with scalable, repeatable technology solutions specifically engineered for each sector. Insurance moves the world forward. It's the invisible safety net behind everything else that happens in society. To stay ahead, insurers need modern solutions. Our Insurance Transformation practitioners serve as trusted advisors to our clients, combining strategic thinking with deep industry knowledge to solve complex business problems in a team-based environment. We architect operating models and processes that enable growth, optimize capital, and maximize operational efficiency. We implement innovative technology solutions spanning core, digital, data, analytics, cloud and AI. Deloitte's Financial Services Industry consulting practice is the largest in the world, serving over 90% of Fortune 500 banking, insurance, securities, investment management, and real estate companies.

Work you'll do As an Insurance Business Analyst on the AI & Engineering team (Industry Solutions Insurance), you will be responsible for partnering with clients and Deloitte teams to translate insurance business needs into actionable solutions and delivery outcomes. You will:

• Lead requirements elicitation and documentation for underwriting, rating, policy administration, claims, and distribution processes
• Develop process maps, user stories, acceptance criteria, and backlogs using Agile/Scrum practices
• Perform fit-gap analysis across core insurance platforms and recommend configuration or integration approaches
• Support solution design, test planning, and execution, including system integration testing and user acceptance testing
• Prepare client-ready materials including storyboards, decks, and status reports; facilitate workshops and demos

Qualifications Required:

• Bachelor's degree
• 4+ years insurance experience within Property & Casualty, Commercial lines, Specialty Insurance, or Life & Annuities/Group
• 4+ years experience in at least one area: insurance products, underwriting, rating, policy administration, claims, or distribution
• 4+ years experience creating structured presentations and storyboards in Microsoft PowerPoint
• Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve

Preferred:

• Advanced degree (MBA, PhD)
• 2+ years experience managing one large business integration effort and project team through scoping, planning, analysis, requirements, design, development, and testing
• Chartered Property Casualty Underwriter (CPCU), Associate in Claims (AIC), or Associate in Risk Management (ARM) certification
• 4+ years experience with Property & Casualty platforms: Guidewire, Duck Creek, Majesco, Origami, or similar
• 4+ years experience with Life & Annuities platforms: FAST, Sapiens, Calcfocus, Accenture Life Insurance Platform (ALIP), Vertafore/VUE, iPipeline iGo, Firelight, or Unqork
• 2+ years experience delivering using Agile or Scaled Agile Framework (SAFe) methodologies; Scrum Master or Project Management Professional (PMP) certification

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $116,200 to $229,100. You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Information for applicants with a need for accommodation: Deloitte is committed to providing reasonable accommodations for people with disabilities. If you require a reasonable accommodation to participate in the recruiting process, please direct your inquiries to the Global Call Center (GCC) at View email address on click.appcast.io.

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Requisition code: 350256 Job ID 350256