Synechron
Business Analyst – Insurance Retirement Domain [Local candidate preferred]
Synechron, Piscataway, New Jersey, United States
Business Analyst – Insurance Retirement Domain [Local candidate preferred]
This range is provided by Synechron. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $95,000.00/yr - $105,000.00/yr
We are seeking a dedicated Business Analyst with expertise in the Insurance Retirement domain to join our team. The ideal candidate will possess a strong understanding of retirement insurance products, pension plans, and related financial processes, along with a solid grasp of accounting terminology and principles relevant to the insurance industry. You will act as a bridge between business stakeholders and technical teams to deliver effective solutions that meet business needs.
Additional Information* The base salary for this position will vary based on geography and other factors. In accordance with law, the base salary for this role if filled within Piscataway, NJ is $95K – $105K/year & benefits (see below).
Responsibilities:
Gather, analyze, and document business requirements related to retirement insurance products, pension plans, and associated financial services.
Collaborate with stakeholders from insurance, finance, actuarial, and compliance teams to understand business processes and translate them into detailed requirements.
Develop comprehensive functional and technical specifications, ensuring alignment with industry standards and accounting principles.
Map business processes and workflows, identifying opportunities for process improvements and automation.
Facilitate communication between business units and development teams to ensure solutions meet business objectives.
Assist in testing activities, including preparing test cases, coordinating user acceptance testing (UAT), and documenting outcomes.
Ensure solutions comply with regulatory standards, accounting practices, and internal policies.
Support data analysis efforts by working with data models, reports, and dashboards, utilizing accounting and insurance terminology.
Provide ongoing support and training to ensure successful implementation and adoption of solutions.
Required Skills:
Over 10+ years of proven experience as a Business Analyst, preferably within the insurance or retirement domain.
Strong understanding of retirement insurance products, pension planning, and financial services processes.
Familiarity with insurance industry standards, regulatory requirements, and accounting principles related to pensions and retirement products.
Excellent communication, stakeholder management, and documentation skills.
Ability to analyze complex data and translate it into meaningful insights.
Experience with process modeling tools and requirements management software is a plus.
Knowledge of data analysis, reporting tools, and dashboards.
We offer:
A highly competitive compensation and benefits package.
A multinational organization with 58 offices in 21 countries and the possibility to work abroad.
10 days of paid annual leave (plus sick leave and national holidays).
Maternity & paternity leave plans.
A comprehensive insurance plan including medical, dental, vision, life insurance, and long-/short-term disability (plans vary by region).
Retirement savings plans.
A higher education certification policy.
Commuter benefits (varies by region).
Extensive training opportunities, focused on skills, substantive knowledge, and personal development.
On-demand Udemy for Business for all Synechron employees with free access to more than 5000 curated courses.
Coaching opportunities with experienced colleagues from our Financial Innovation Labs (FinLabs) and Center of Excellence (CoE) groups.
Cutting edge projects at the world’s leading tier-one banks, financial institutions and insurance firms.
A flat and approachable organization.
A truly diverse, fun-loving, and global work culture.
S YNECHRON’S DIVERSITY & INCLUSION STATEMENT: Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our Diversity, Equity, and Inclusion (DEI) initiative ‘Same Difference’ is committed to fostering an inclusive culture – promoting equality, diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger, successful businesses as a global company. We encourage applicants from across diverse backgrounds, race, ethnicities, religion, age, marital status, gender, sexual orientations, or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more.
All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to the applicant’s gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.
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Base pay range $95,000.00/yr - $105,000.00/yr
We are seeking a dedicated Business Analyst with expertise in the Insurance Retirement domain to join our team. The ideal candidate will possess a strong understanding of retirement insurance products, pension plans, and related financial processes, along with a solid grasp of accounting terminology and principles relevant to the insurance industry. You will act as a bridge between business stakeholders and technical teams to deliver effective solutions that meet business needs.
Additional Information* The base salary for this position will vary based on geography and other factors. In accordance with law, the base salary for this role if filled within Piscataway, NJ is $95K – $105K/year & benefits (see below).
Responsibilities:
Gather, analyze, and document business requirements related to retirement insurance products, pension plans, and associated financial services.
Collaborate with stakeholders from insurance, finance, actuarial, and compliance teams to understand business processes and translate them into detailed requirements.
Develop comprehensive functional and technical specifications, ensuring alignment with industry standards and accounting principles.
Map business processes and workflows, identifying opportunities for process improvements and automation.
Facilitate communication between business units and development teams to ensure solutions meet business objectives.
Assist in testing activities, including preparing test cases, coordinating user acceptance testing (UAT), and documenting outcomes.
Ensure solutions comply with regulatory standards, accounting practices, and internal policies.
Support data analysis efforts by working with data models, reports, and dashboards, utilizing accounting and insurance terminology.
Provide ongoing support and training to ensure successful implementation and adoption of solutions.
Required Skills:
Over 10+ years of proven experience as a Business Analyst, preferably within the insurance or retirement domain.
Strong understanding of retirement insurance products, pension planning, and financial services processes.
Familiarity with insurance industry standards, regulatory requirements, and accounting principles related to pensions and retirement products.
Excellent communication, stakeholder management, and documentation skills.
Ability to analyze complex data and translate it into meaningful insights.
Experience with process modeling tools and requirements management software is a plus.
Knowledge of data analysis, reporting tools, and dashboards.
We offer:
A highly competitive compensation and benefits package.
A multinational organization with 58 offices in 21 countries and the possibility to work abroad.
10 days of paid annual leave (plus sick leave and national holidays).
Maternity & paternity leave plans.
A comprehensive insurance plan including medical, dental, vision, life insurance, and long-/short-term disability (plans vary by region).
Retirement savings plans.
A higher education certification policy.
Commuter benefits (varies by region).
Extensive training opportunities, focused on skills, substantive knowledge, and personal development.
On-demand Udemy for Business for all Synechron employees with free access to more than 5000 curated courses.
Coaching opportunities with experienced colleagues from our Financial Innovation Labs (FinLabs) and Center of Excellence (CoE) groups.
Cutting edge projects at the world’s leading tier-one banks, financial institutions and insurance firms.
A flat and approachable organization.
A truly diverse, fun-loving, and global work culture.
S YNECHRON’S DIVERSITY & INCLUSION STATEMENT: Diversity & Inclusion are fundamental to our culture, and Synechron is proud to be an equal opportunity workplace and is an affirmative action employer. Our Diversity, Equity, and Inclusion (DEI) initiative ‘Same Difference’ is committed to fostering an inclusive culture – promoting equality, diversity and an environment that is respectful to all. We strongly believe that a diverse workforce helps build stronger, successful businesses as a global company. We encourage applicants from across diverse backgrounds, race, ethnicities, religion, age, marital status, gender, sexual orientations, or disabilities to apply. We empower our global workforce by offering flexible workplace arrangements, mentoring, internal mobility, learning and development programs, and more.
All employment decisions at Synechron are based on business needs, job requirements and individual qualifications, without regard to the applicant’s gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law.
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