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This job posting is for an existing, active vacancy and We are seeking a skilled Business Analyst – Finance Systems that will play a crucial role in analysing, designing, and implementing Finance Systems within the insurance sector. The ideal candidate will have a strong understanding of insurance accounting principles, mainframe constructs, and a solid grasp of Guidewire principles. This role requires excellent analytical skills, attention to detail, and the ability to work collaboratively with cross-functional teams. Strong written and verbal communication skills are paramount.
Job Responsibility:
Analyze and document business requirements for Finance Systems
Collaborate with stakeholders to identify and prioritize system enhancements and improvements
Understand and interact with Guidewire and mainframe constructs in the context of finance systems
Conduct gap analysis and develop functional specifications for system changes
Ensure compliance with insurance accounting standards and regulations
Analyze data impacts on P&L statements and Balance Sheets
Understand basic accounting, including balance sheet, P&L concept
Work side-by-side with business teams throughout the life of the project, understanding their needs, communicating expectations, and developing customer-centric change proposals
Participate in system testing and validation to ensure accuracy and functionality
Create SQL queries and execute in Oracle & Postgress Databases
Provide training and support to end-users on new system features and processes
Monitor system performance and troubleshoot issues as they arise
Prepare detailed reports and presentations for management and stakeholders
Requirements:
Minimum of 5 years of experience as a Business Analyst in Finance Systems
Extensive experience in the insurance industry
Strong understanding of insurance accounting principles and practices
Familiarity with insurance industry regulations and standards, particularly in relation to IFRS17, OSFI, GISA, Facility Association, and GAA
Familiarity with Guidewire principles (PolicyCenter, BillingCenter, or ClaimCenter)
Knowledge of mainframe constructs and their application in Finance Systems
Understanding of ETL transformations and their role in data processing
Expertise in SQL scripting
Proficiency in data analysis and reporting tools
Proficient in Visio, PowerPoint, Excel and Word
Hands on BA experience – writing requirements, creating user stories, process mapping, data modeling, maintaining data dictionaries etc.
Excellent communication and interpersonal skills
Strong problem-solving abilities and attention to detail
Ability to work independently and as part of a team
A Bachelor’s or Higher Degree is the minimum entry required for the position
What we offer:
medical
vision
dental
life
disability insurance
paid time off (including holidays, parental leave, and sick leave, as required by law)