Senior Business Analyst Accounting (Insurance)

Senior Business Analyst – Accounting (Insurance)

Experience: 8+ Years

Domain: General Insurance / Reinsurance

Location: Mumbai (Preferred)

Notice Period: 30 Days

Employment Type: Full-Time

Job Summary

We are seeking an experienced Senior Business Analyst – Accounting (Insurance) with strong expertise in insurance finance, accounting, and core insurance transformation programs. The ideal candidate will have hands-on experience in General Insurance or Reinsurance accounting, including premium and claims accounting, General Ledger (GL), receipting, cash reconciliation, and financial reporting. The role involves driving business analysis activities for Accounting and Receipting modules, performing gap analysis between legacy platforms and TCS BaNCS, and supporting integrations with SAP GL and related finance systems. The candidate will collaborate with Finance, Operations, IT, and vendor teams to define business requirements, streamline processes, manage testing activities, and ensure successful delivery of transformation initiatives.

Key Responsibilities

• Lead business analysis activities for Accounting and Receipting modules within a core insurance transformation program.
• Gather, analyze, validate, and document business requirements, process flows, Business Requirements Documents (BRDs), and functional specifications.
• Conduct gap analysis between legacy insurance platforms and TCS BaNCS and recommend suitable solutions.
• Collaborate with Finance, Operations, IT, and vendor teams to define target-state business processes.
• Manage the testing lifecycle, including System Integration Testing (SIT), User Acceptance Testing (UAT), defect management, and production readiness.
• Support accounting integrations with SAP General Ledger (GL) and related finance systems.
• Ensure accurate mapping of premium, claims, reinsurance, receipting, and GL accounting processes.
• Coordinate with stakeholders across Finance, Reporting, Claims, and Core Policy Administration teams.
• Support financial reconciliation, data validation, and integration testing to ensure accounting accuracy.
• Independently drive requirements management, solution analysis, stakeholder discussions, and testing activities.

Required Skills and Experience

• 8+ years of experience as a Business Analyst in Insurance Finance, Accounting, or related transformation programs.
• Strong domain knowledge of General Insurance and/or Reinsurance.
• Sound understanding of:
• Insurance accounting and General Ledger (GL) processes.
• Premium and claims accounting.
• Journal entries and financial reconciliation.
• Month-end and year-end closing processes.
• Receipting and cash reconciliation.
• Experience with SAP GL integration and finance system interfaces.
• Prior experience in insurance core system or Policy Administration System (PAS) transformation programs.
• Hands-on experience in requirements gathering, process mapping, functional documentation, testing, and stakeholder management.
• Ability to independently drive business analysis, solutioning, and end-to-end testing activities.

Preferred Skills

• Experience working with TCS BaNCS.
• Exposure to Reinsurance Accounting and Coinsurance Accounting.
• Knowledge of MIS reporting, financial integrations, and data reconciliation processes.
• Experience with legacy insurance policy administration systems.
• Familiarity with insurance finance workflows and core system integration architecture.

Key Competencies

• Strong analytical and problem-solving skills.
• Excellent stakeholder management and communication abilities.
• Ability to translate complex accounting requirements into functional solutions.
• Strong ownership, attention to detail, and commitment to delivery quality.
• Ability to work effectively with cross-functional and technology teams.

Work Location

Mumbai is the preferred location. The candidate should be available to join within 30 days and be comfortable collaborating with business and technology stakeholders throughout the insurance transformation program.