Business Analyst / Configuration Specialist -Insurance Industry
Job Title: Business Analyst / Configuration Specialist (Insurance Industry)
Location: Rolling Meadows, IL (Hybrid - 3 days in-office, with consideration for Downtown Chicago location)
Position Overview:
We are seeking a skilled and detail-oriented Business Analyst with a strong background in both system configuration and data analysis within the insurance industry (Carrier, MGA, TPA, software company, etc.). The ideal candidate will be an integral part of our underwriting and claims teams. This individual will be responsible for configuring workflow enhancements, implementing new workflows, developing new lines of business, managing the standard reporting catalog, creating new reports, and fulfilling ad hoc requests for data, analysis, and support.
Key Responsibilities:
System Configuration:
Configure and maintain policy and claims systems to support business processes, ensuring alignment with organizational goals.
Collaborate cross-functionally to identify, document, and implement system enhancements and updates.
Perform unit testing and receive sign-off that system configurations align with the business's requirements and company/industry compliance and standards.
Data Analysis:
Analyze policy and claims data to highlight opportunities for process improvements.
Generate reports and dashboards to support decision-making across departments and for consumption by executive leadership.
Maintain relationships with internal and external stakeholders to ensure process and data integrity across multiple platforms.
Business Analysis:
Document business requirements from stakeholders within the claims and underwriting teams.
Conduct gap analysis and propose solutions to improve processes and system functionalities.
Participate in testing and quality assurance to ensure system changes meet business needs.
Collaboration & Communication:
Act as a liaison between the claims team, underwriting, and IT, ensuring clear communication and understanding of business processes and requirements.
Provide training and support to users on system functionalities and best practices.
Participate in cross-functional teams to drive continuous improvement initiatives.
Qualifications:
Bachelor’s degree in Business, Finance, Information Systems, or a related field.
3-5 years of experience as a Business Analyst, Data Analyst, or in a similar role within the insurance industry.
Strong familiarity with insurance systems, including claims systems, policy administration systems, or risk management information systems.
Proficient in data analysis tools and techniques, with experience in Excel or similar tools.
Excellent problem-solving skills, with a strong attention to detail and ability to work independently.
Effective communication skills, with the ability to convey complex information clearly to both technical and non-technical audiences.
Experience with system configuration and process optimization is highly desirable.
Work Environment:
Hybrid work model with a requirement to be in the Rolling Meadows, IL office three days per week, with consideration for those preferring a downtown Chicago location.
Collaborative and dynamic team environment with opportunities for professional growth and development.
Benefits:
Medical and Dental Insurance (including 100% employer-paid plans)
401(k) plan
Flexible PTO policy
Paid holidays
How to Apply:
Interested candidates are encouraged to submit their resume outlining their qualifications and experience relevant to this position.
About Origin Specialty:
We aim to be the nation’s preferred specialty insurance provider for small and mid-sized risks. We provide insurance product solutions that protect against risk with our deep understanding of client needs and a willingness to redefine the boundaries of industry standards.
We work hard to create an excellent broker experience while preserving the integrity of the underwriting process. We keenly understand what matters most to specialty insurance agents and brokers and know how important it is to manage risk in today’s increasingly competitive and fast-moving environment. We serve our select group of partners with unwavering focus. Our agile specialists look at risk differently, underwrite it carefully, and, together with our partners, find the rewards others cannot.
Our clients benefit from our financially secure A- or better-rated insurance carriers, broad industry-specific coverages, and exemplary service from seasoned underwriters.