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Lead/Senior Business Analyst - Insurance with Scrum Master

Office in India: Bengaluru, India: Hyderabad
Business Analysis& 3 others
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We are seeking a Lead/Senior Business Analyst – Insurance with Scrum Master expertise to bridge business and technical teams across the insurance value chain, driving requirements analysis, Agile delivery, and stakeholder collaboration to achieve measurable business outcomes.

Responsibilities
  • Partner with business stakeholders to understand objectives, pain points, and regulatory/process constraints in the insurance value chain (e.g., Policy, Billing, Claims, Underwriting, CRM/Distribution)
  • Elicit, analyze, and document requirements using workshops, interviews, story mapping, process mapping, and data analysis
  • Translate requirements into user stories, acceptance criteria, process flows (AS-IS / TO-BE), functional specs, and wireframes as needed
  • Maintain and refine the product backlog in collaboration with Product Owner/business leads to ensure clarity, completeness, and testability
  • Support UAT through preparation of test scenarios, coordination of business users, defect management, and traceability from requirements to outcomes
  • Define and track business KPIs (e.g., cycle time reduction, claim leakage controls, STP rates, NPS improvements)
  • Drive Agile ceremonies: Sprint Planning, Daily Stand-ups, Backlog Grooming, Sprint Reviews, Retrospectives
  • Plan and manage delivery scope, schedule, dependencies, risks, RAID logs, and release milestones
  • Coordinate work across teams (engineering, QA, data, architecture, operations, vendors) to ensure consistent delivery and communication
  • Communicate status clearly to leadership and stakeholders via dashboards, weekly updates, and executive-ready summaries
  • Act as a bridge between business and technical teams to ensure shared understanding of requirements and constraints
  • Collaborate with architects and SMEs on integration needs (e.g., PAS, claims systems, billing, document management, external data providers)
Requirements
  • 6-15 years of overall experience in IT
  • 8+ years of experience in a combined Business Analyst / Agile PM / Scrum Master / Delivery Lead capacity
  • Background in the insurance domain across one or more areas: Claims, Underwriting, Policy Administration, Billing, Reinsurance, Distribution
  • Skills in writing epics, user stories, and acceptance criteria, with the capability to lead other BAs to drive this cycle effectively
  • Practical experience delivering projects in Agile, Scrum, and Kanban environments
  • Understanding of SDLC, testing lifecycle, and release management
  • Excellent communication, facilitation, and stakeholder management skills
  • Familiarity with Jira, Confluence, and Azure DevOps