Waterstreet Company

Business Analyst

Waterstreet Company Kalispell, Montana, United States

Embedded Software Products · 51-200 employees

5 h ago
business-analyst Mid (2-5 yrs) Full-time United States
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About the role

The Business Analyst will lead requirements gathering sessions with internal and external stakeholders to define and validate insurance product requirements. They are responsible for translating complex rating plans, underwriting rules, and policy documents into clear business requirements.

What they look for

Property & Casualty insurance Requirements gathering Business analysis Underwriting rules Rating plans Policy lifecycle Data validation Stakeholder management Analytical skills Technical documentation Facilitation Written communication Time management Insurance product implementation

Requirements

Candidates should have a strong understanding of Property & Casualty insurance products and the policy lifecycle. A bachelor's degree or equivalent industry experience is preferred, along with excellent analytical and communication skills.

Benefits

Competitive benefits Professional development opportunities Cash bonuses for training completion Annual pay reviews

Full description

Description

Working at WaterStreet

A Dynamic and Rewarding Environment

At WaterStreet, we believe in finding superior people to work with, and keeping them with us by offering more-than-competitive benefits and chances for development — all centered in a spectacularly scenic stretch of the American heartland making it an outdoor lovers paradise. Just outside our backdoor we have access to Glacier National Park, Whitefish Mountain Resort, and several lakes including Flathead Lake, the largest natural lake west of the Mississippi River.

Personal Development

WaterStreet team members have strong incentives for continuous professional improvement. First, it’s the only way to keep up with the insurance industry’s rapid evolution. Second, there are immediate rewards, like cash bonuses for completion of training, as well as the potential for pay increases at annual reviews. Increases in pay and promotional opportunities are in your hands.

Business Analyst

The Business Analyst works closely with insurance clients and internal teams to understand, define, document, and validate the requirements necessary to implement insurance products. This role requires a strong understanding of Property & Casualty insurance and the ability to translate rating plans, underwriting rules, policy documents, declarations, and forms into clear and complete business requirements.?

Essential Job functions

  • Lead requirements gathering sessions with clients, underwriting, product, operations, and other insurance stakeholders.
  • Gather, analyze, document, and validate insurance product requirements from source materials and stakeholder discussions.
  • Identify gaps, inconsistencies, exceptions, and unanswered questions and drive requirements to resolution.
  • Distinguish stated requests from the underlying insurance business requirement and document decisions, assumptions, and dependencies.
  • Manage requirements through client review and approval while supporting multiple products and initiatives.

Primary Insurance Requirements

  • Rating: Define rating variables, factors, tables and calculations; premium calculations; credits, debits, discounts and surcharges; taxes, fees and assessments; minimum premiums; and state/product-specific rating requirements.
  • Business Rules: Define eligibility and underwriting rules, referrals and approvals, required information and validations, coverage availability and dependencies, limits and deductibles, transaction rules, and state-specific exceptions. Detailed analytical abilities
  • Policy Documents: Define requirements for quotes, applications, binders, notices, renewal and cancellation documents, and other policy lifecycle correspondence, including when documents are produced and the information they contain.
  • Declarations & Forms: Define declarations, coverage schedules, policy forms and endorsements, form selection and attachment rules, state-specific forms, edition/effective dates, and conditional requirements based on coverage, risk, or underwriting information.

Preferred Knowledge and Skills

  • Strong understanding of Property & Casualty insurance products and the policy lifecycle.?
  • Knowledge of insurance rating, underwriting, coverages, policy forms, endorsements, and policy transactions.?
  • Ability to interpret rating manuals, underwriting guidelines, forms, product documentation, and related insurance materials.?
  • Strong analytical skills with exceptional attention to detail and the ability to organize complex rules into clear requirements.?
  • Strong facilitation, written communication, client-facing, organization, and time-management skills.?

Education and Experience

  • Experience in Property & Casualty insurance strongly preferred.?
  • Experience as a Business Analyst, Product Analyst, Underwriter, Product Manager, or similar insurance role preferred.?
  • Experience defining, implementing, or supporting insurance products preferred.?
  • Bachelor’s degree or equivalent combination of education and relevant insurance industry experience.?

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