Business Analyst

This contract Business Analyst supports a finance and billing transformation for Alternative Risk Transfer (ART) at a North America commercial P&C insurer. The role converts complex program structures (captives/fronting, large deductible/SIR, collateralized programs, structured reinsurance) into system-ready requirements and future-state, finance-aligned billing, settlement, and collateral workflows—partnering with Finance, Claims, Treasury, Reinsurance, Operations, Underwriting, and IT through delivery, testing, and adoption. • Elicit, analyze, and document requirements; translate business rules into clear, testable user stories/criteria. • Map current vs. future processes; create and maintain process maps/workflows and documentation. • Document end-to-end ART financial flows (premium/fees, deductible/SIR reimbursements, collateral true-ups, captive/reinsurance settlements) and translate them into automated, finance-aligned billing and settlement requirements. • Define billing and settlement scenarios (installments, audits/adjustments, per-loss/aggregate deductibles, fronting fees, ceded premium/recoverables). • Define collateral rules and governance (initial, top-ups, releases, renewals); support aggregate exhaustion tracking and trigger design (claims-, valuation-, or schedule-driven). • Define critical data elements; support data mapping, reconciliation, and integrations across core platforms (e.g., Guidewire Billing Center, SAP S/4HANA, Kyriba). • Serve as business–IT liaison; lead workshops/status meetings and prepare stakeholder materials. • Support design and delivery: build test scenarios, support UAT, manage defects, and ensure scalability, usability, compliance, and security. • Execute change management (training, end-user support, transition planning) and monitor post-go-live performance. • Provide delivery support (tracking, risk/issue management) and contribute to RFPs/vendor evaluation as needed. Must Haves: • 5–10+ years’ Business Analyst experience; commercial P&C insurance preferred (complex/specialty programs a plus). • Experience delivering implementations and process improvements across the SDLC (Agile/Waterfall), including testing/UAT and change enablement. • Strong understanding of ART program structures and finance operations (billing, settlement, collateral, deductibles/SIR, reinsurance/captive). • Strong analytical and communication skills; able to manage stakeholders and work independently in a fast-paced environment. • BA tools: Visio/Lucidchart for process mapping; Jira/Confluence for work tracking and documentation. Plusses: • Hands-on experience with Guidewire Billing Center and/or SAP S/4HANA (FI-AR / FI-CA). • Experience with treasury/liquidity concepts and tools (e.g., Kyriba) and collateral instruments (LOCs, trusts, funds withheld). • Exposure to MGA/program business, delegated authority, bordereaux processing, and/or multinational program structures • Knowledge of structured/multi-year reinsurance (e.g., aggregate stop-loss) and collateral optimization frameworks. • Data analysis/reporting proficiency (Excel; Tableau/Power BI). • Certifications: CBAP, PMP, Agile/Scrum.