*This role is on-site in our Florham Park, NJ- Location

Position : Business Analyst

Department : IT

Reports To : Project Manager

FLSA:  Exempt

Primary Function:

As a Business /Data Analyst, your primary role is to work closely with the business users, understand the business and the way in which they use our various software platforms. You will schedule meetings with business users and gather requirements and document their needs. The next step is to fully analyze the requirements, identify the scope of changes to the system, investigate the impact to the database and the code, and uncover any gaps in the requirements that require further discussions with the business. Once the requirements are complete, you will act as liaison to the development and QA teams to help communicate the requirements, answer questions, and facilitate the new functionality as it makes its way through the SDLC.

Job Scope and Major Responsibilities:

Learn our various software platforms and gain a deep understanding of the underlying functionality.
Schedule meetings with business users and translate business requirements into technical documentation.
Analyze the requirements and; 1) make sure any UI changes are intuitive and take into account the broader impact, 2) identify the necessary database changes and how to handle existing data in the new structure, and 3) illustrate any changes that are necessary to other parts of the system that will be impacted by the new changes.
Create use cases for the developers and QA team to review as part of functional testing.
Schedule meetings with IT team to go over the new requirements and make sure all gaps are identified and included in the requirements.
Constantly look for ways to improve the usability and efficiency of the applications and make suggestions for improvement.
Identify risks and escalate issues
Understand trends in data, provide reasoning for data variations.
Reach out to member pharmacies to gather missing data, clarify data inconsistencies and offer technical assistance/expertise if necessary.
Identify, investigate, and resolve data anomalies using SQL
Provide ad hoc data analysis to internal and external parties as requested.
Compliance with the provisions of the Health Insurance Portability and Accountability Act of 1996 and its implementing regulations, as amended ("HIPAA")
Required Qualifications:   At least 2 years previous experience working as a Business/Systems Analyst.
Strong documentation skills with a proven ability to be thorough when thinking through technical changes.
Ability to query SQL database tables and understand database structures and concepts.
Proven track record with taking ownership of data investigations and seeing them through to resolution, preferably using SQL or other statistical analysis.
Close attention to detail and ability to make UI improvements that are intuitive to business users.
Working knowledge of use cases and their use in a QA environment.
Understand the difference between Unit testing, Functional testing, User acceptance testing, Regression testing.
Some experience working with SDLC tools such as DevSuite/Jira/etc.
Ability to manage multiple initiatives in a fast paced, dynamic environment.
Strong self-starter with a sense of ownership.
The candidate must have client-facing experience and be able to articulate themselves clearly and concisely
Strong communication skills and ability to fully understand the business needs and communicate them to technical staff.
A degree in Computer Science or similar IT related field is a plus.

*This role is on-site in our Florham Park, NJ- Location

Asembia is committed to Equal Employment Opportunity (EEO) and to compliance with all Federal, State and local laws that prohibit employment discrimination on the basis of race, color, age, natural origin, ethnicity, religion, gender, pregnancy, marital status, sexual orientation, gender identity and expression, citizenship, genetic disposition, disability or veteran's status or any other classification protected by State/Federal laws.

Business Analyst – Payment Systems & ISO 20022   Position Title:  Business Analyst – Payment Systems (ISO 20022, FED/CHIPS/SWIFT)
About the Role:
We are looking for a highly experienced Business Analyst with extensive knowledge and hands-on experience in ISO 20022, FED (Federal Reserve), CHIPS (Clearing House Interbank Payments System), and payment systems. In this role, you will collaborate closely with business and technology teams to define and translate business requirements into functional specifications, helping to implement and enhance real-time payment solutions.
As a Business Analyst, you will be responsible for analyzing payment system processes, gathering requirements, and ensuring that solutions meet business needs while aligning with industry standards and regulatory guidelines.
Key Responsibilities:
Requirements Gathering:  Work closely with business stakeholders to gather and document detailed requirements for payment system solutions, particularly around FED, CHIPS, and ISO 20022 formats.
ISO 20022 Expertise:  Leverage your deep knowledge of the ISO 20022 messaging format to define, document, and ensure proper integration with payment systems like  FED, CHIPS  and  SWIFT .
Functional Analysis:  Analyze existing payment systems and recommend improvements or enhancements based on business needs and industry best practices, especially with regard to real-time payments.
Business Process Mapping:  Create process flows, business models, and workflows to ensure that payment systems are aligned with organizational objectives and regulatory standards.
System Integration Support:  Work with technical teams to translate business requirements into functional specifications, facilitating the integration of payment systems with other banking platforms, core systems, and third-party services.
Compliance & Regulatory Analysis:  Ensure that payment solutions are compliant with regulatory requirements, including those around real-time payments, anti-money laundering (AML), and data privacy laws (GDPR, PCI DSS).
Stakeholder Communication:  Serve as a bridge between business and technical teams, ensuring effective communication and understanding of requirements, issues, and solution delivery.
Testing & Validation:  Assist with UAT (User Acceptance Testing) and validate that the implemented solution meets business expectations, especially in regard to payment message formats and functionality.
Documentation:  Maintain clear and comprehensive documentation, including functional specifications, business process flows, and detailed reporting for stakeholders.
Reporting & Analytics:  Provide regular updates and reports to stakeholders on project progress, risks, and issues related to payment system enhancements or integrations.
Key Requirements:
Experience:  5-8 years of experience as a Business Analyst with a focus on payment systems, particularly with hands-on experience in ISO 20022, FED, CHIPS and SWIFT.
ISO 20022 Expertise:  Deep functional knowledge of the ISO 20022 standard and its implementation in payment systems, including message formats, transaction flows, and integration.
Practical experience with ISO 20022-based systems and protocols in both domestic and international payment environments.
Solid understanding of real-time payment networks such as FED, CHIPS, SWIFT, and other banking payment infrastructures.
Familiarity with payment processing regulations and standards such as ISO 8583, PCI DSS, AML, and GDPR.
Business Analysis Skills:  Strong skills in requirements gathering, functional specifications, and business process modeling (BPMN, UML, etc.).
Ability to communicate complex business and technical concepts to non-technical stakeholders and senior management.
Analytical & Problem-Solving Skills:  Strong analytical skills to evaluate and improve payment system processes, identify bottlenecks, and suggest practical solutions to meet business objectives.
Interested candidates should share their profiles to  Ganapathikumar.m@highbrowtechnology.com
Seniority Level:  Mid-Senior level
Employment Type:  Full-time
Job Function:  Business Development
Industries:  IT Services and IT Consulting

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Business Analyst – Payment Systems (ISO 20022, FED/CHIPS/SWIFT)Position Title: Business Analyst – Payment Systems (ISO 20022, FED/CHIPS/SWIFT) About the Role:We are looking for a highly experienced Business Analyst with extensive knowledge and hands-on experience in ISO 20022, FED (Federal Reserve), CHIPS (Clearing House Interbank Payments System), and payment systems. In this role, you will collaborate closely with business and technology teams to define and translate business requirements into functional specifications, helping to implement and enhance real-time payment solutions.As a Business Analyst, you will be responsible for analyzing payment system processes, gathering requirements, and ensuring that solutions meet business needs while aligning with industry standards and regulatory guidelines. Key Responsibilities:<ul><li>Requirements Gathering: Work closely with business stakeholders to gather and document detailed requirements for payment system solutions, particularly around FED, CHIPS, and ISO 20022 formats.</li><li>ISO 20022 Expertise: Leverage your deep knowledge of the ISO 20022 messaging format to define, document, and ensure proper integration with payment systems like FED, CHIPS and SWIFT</li><li>Functional Analysis: Analyze existing payment systems and recommend improvements or enhancements based on business needs and industry best practices, especially with regard to real-time payments.</li><li>Business Process Mapping: Create process flows, business models, and workflows to ensure that payment systems are aligned with organizational objectives and regulatory standards.</li><li>System Integration Support: Work with technical teams to translate business requirements into functional specifications, facilitating the integration of payment systems with other banking platforms, core systems, and third-party services.</li><li>Compliance & Regulatory Analysis: Ensure that payment solutions are compliant with regulatory requirements, including those around real-time payments, anti-money laundering (AML), and data privacy laws (GDPR, PCI DSS).</li><li>Stakeholder Communication: Serve as a bridge between business and technical teams, ensuring effective communication and understanding of requirements, issues, and solution delivery.</li><li>Testing & Validation: Assist with UAT (User Acceptance Testing) and validate that the implemented solution meets business expectations, especially in regard to payment message formats and functionality.</li><li>Documentation: Maintain clear and comprehensive documentation, including functional specifications, business process flows, and detailed reporting for stakeholders.</li><li>Reporting & Analytics: Provide regular updates and reports to stakeholders on project progress, risks, and issues related to payment system enhancements or integrations.</li></ul> Key Requirements:<ul><li>Experience:</li><li>5-8 years of experience as a Business Analyst with a focus on payment systems, particularly with hands-on experience in ISO 20022, FED, CHIPS and SWIFT.</li><li>Demonstrated experience in defining business requirements for payment systems, including real-time payment processing.</li><li>ISO 20022 Expertise:</li><li>Deep functional knowledge of the ISO 20022 standard and its implementation in payment systems, including message formats, transaction flows, and integration.</li><li>Practical experience with ISO 20022-based systems and protocols in both domestic and international payment environments.</li><li>Payment Systems Knowledge:</li><li>Solid understanding of real-time payment networks such as FED, CHIPS, SWIFT, and other banking payment infrastructures.</li><li>Familiarity with payment processing regulations and standards such as ISO 8583, PCI DSS, AML, and GDPR.</li><li>Business Analysis Skills:</li><li>Strong skills in requirements gathering, functional specifications, and business process modeling (BPMN, UML, etc.).</li><li>Ability to communicate complex business and technical concepts to non-technical stakeholders and senior management.</li><li>Analytical & Problem-Solving Skills:</li></ul> Strong analytical skills to evaluate and improve payment system processes, identify bottlenecks, and suggest practical solutions to meet business objectives Interested Share your Profiles to Ganapathikumar.m@highbrowtechnology.com

Job Description

We are looking for experienced life insurance BAs, keen to grow their skills and stretch in new directions, in an insurtech environment working rapidly to reinvent the way life insurance is deployed. Strong experience and aptitude with generating lengthy and detailed project artifacts is a must. You will work under the supervision of our Project Managers and subject matter experts, but have the opportunity to own your work and grow into additional responsibilities. Our projects require coordination and working between our life insurance carriers, distributors, and technology partners.

Qualifications:
Qualifications

Drafting detailed requirements documentation for all aspects of the digital life insurance sales process, including UX journeys, product specifications, point of sale controls, underwriting and forms, working with SMEs and Project Managers.

Working with a range of project artifacts including BRDs, FRDs, process maps, workflow diagrams, data mapping spreadsheets, etc., to capture all detail necessary for the implementation of client builds.

Working with internal and external stakeholders to gather requirements, review documentation, make edits in real-time and asynchronously, manage version control, signoffs and implementation.

Support testing and signoff – act as requirements SME to QA and UAT teams (you know the requirements, you will be the first port of call for explaining ‘how it should work’)

Collaborate with internal project team to identify and deliver steps to translate requirements to build implementation

Collaborate on test plan designs and execution

Represent Afficiency with our business partners, delivering a professional and smooth experience through an often-fast paced development cycle

Must Have

2-5 years of experience as a business analyst/associate in a life insurance or insurtech function

Demonstrable experience in drafting and maintaining BRDs, FRDs, process maps, workflow diagrams and similar

Experience in start-ups, consulting, or similar fast-paced, self-starter environment a plus

Experience / comfortable with both industry  and  technical worlds - willingness to talk UX, APIs, and platforms. We’re not looking for a pure IT BA, you don’t have to be a coder, but be prepared to work around them!

Ability to quickly embrace change and adapt effectively in response.

Organized, detailed oriented, and able to prioritize and communicate status to stakeholders.

Strong analytical, critical thinking and problem-solving abilities.

Superb verbal and written communication skills, including an ability to effectively communicate with both business and technical teams, using email, Excel, Visio, and PowerPoint (or Google-equivalent Applications).

Bachelor/Master's degree.

Additional Information

What We Offer

Hybrid work arrangement

Competitive salary with equity options

Robust health, dental, and vision benefits for employee and dependents

401k matching contributions

Generous PTO policy

Stipend to purchase work-from-home equipment

Work at a supportive and fast-growing startup with a fantastic team

Environment to learn from other team members, grow a business from the ground up

Support in developing your skills and accelerating your career quickly

Opportunity to make an impact in the lives of tens of millions of consumers and get families the protection

Salary

$70,000-90,000 per year with excellent benefits

Work Arrangement

Hybrid-- in office 2 days a week

Afficiency is an Equal Opportunity Employer. All your information will be kept confidential according to EEO Guidelines.

Company DescriptionJob DescriptionJob Title: Business System Analyst - Real-Time Payments (RTP)Location: Florham Park, NJ (Onsite)Job Type: ContractJob Summary:We are seeking an experienced Business System Analyst (BSA) with expertise in Real-Time Payments (RTP). The ideal candidate will have deep knowledge of The Clearing House (CHIPS) payment system workflow and the ability to map and integrate RTP solutions with payment service providers. The BSA will play a crucial role in analyzing, documenting, and facilitating the integration of RTP systems to enhance transaction efficiency and compliance.Key Responsibilities:Payments System Analysis: Analyze the end-to-end Real-Time Payments (RTP) system flow, including transaction processing, settlement, and reconciliation.Integration & Mapping: Work with payment service providers to design and implement the integration of The Clearing House (CHIPS) payment system.Requirement Gathering: Collaborate with stakeholders to gather and document business, functional, and technical requirements for RTP implementation.Process Optimization: Identify bottlenecks and inefficiencies in current payment workflows and recommend process improvements.Compliance & Risk Management: Ensure RTP processes align with regulatory standards and compliance requirements.Stakeholder Collaboration: Work closely with Solution Architects, Product Managers, Developers, and QA teams to ensure seamless RTP implementation.Testing & Validation: Develop and execute test cases to validate payment system integrations and confirm expected functionality.Technical Documentation: Create detailed process flows, system integration maps, user guides, and business requirements documents (BRD).QualificationsRequired Qualifications & Experience:5+ years of experience as a Business System Analyst in the payments industry.Strong knowledge of Real-Time Payments (RTP), The Clearing House (CHIPS), SWIFT, and ACH systems.Experience in payment system integration, mapping workflows, and API-based payment solutions.Familiarity with ISO 20022 messaging standards and payment processing regulations.Proficiency in JIRA, Confluence, Visio, and SQL for data analysis and documentation.Ability to work independently with payment service providers and stakeholders.Excellent communication, analytical, and problem-solving skills.Additional InformationAll your information will be kept confidential according to EEO guidelines.

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Business Analyst Jobs in Florham Park, NJ

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