We at NJ TECH INC are focused on hiring highly skilled professionals who are excited by the opportunity to make a true impact on their careers as well as on our clients' business. We power our clients’ success—and drive our consultants’ career growth.
We are seeking an experienced and outstanding Business Analyst – BFSI Domain for one of our esteemed clients.
Role: Business Analyst – BFSI Domain
Location: Dallas, TX / Tampa, FL / Jersey City, NJ
Work Mode: Hybrid / Onsite
Employment Type: Long-Term Contract
Job Summary
We are seeking an experienced Business Analyst with strong Banking, Financial Services, and Insurance (BFSI) domain experience to work with business stakeholders, technical teams, and project managers to analyze business requirements and deliver effective technology solutions.
The ideal candidate should have a strong understanding of BFSI processes, business analysis methodologies, requirement gathering, documentation, and stakeholder management. The candidate will be responsible for translating business needs into functional requirements and ensuring successful project delivery.
Key Responsibilities:
· Gather, analyze, and document business requirements from stakeholders.
· Conduct requirement-gathering sessions, stakeholder interviews, and business workshops.
· Prepare Business Requirement Documents (BRD), Functional Requirement Documents (FRD), and user stories.
· Analyze existing business processes and identify opportunities for improvement.
· Work closely with development, QA, product, and project management teams.
· Translate business requirements into functional specifications and technical documentation.
· Create process flows, workflow diagrams, use cases, and business process models.
· Perform gap analysis and impact assessments for business and system changes.
· Support Agile/Scrum ceremonies, including sprint planning, backlog refinement, and requirement reviews.
· Coordinate User Acceptance Testing (UAT), prepare test scenarios, and validate business requirements.
· Track project progress, manage requirement changes, and ensure timely delivery.
· Communicate project updates, risks, and business insights to stakeholders.
Required Skills:
· Strong experience as a Business Analyst in the BFSI domain.
· Good understanding of banking, financial services, and insurance processes.
· Experience in requirement gathering, analysis, documentation, and stakeholder management.
· Proficiency in preparing BRDs, FRDs, user stories, use cases, and functional specifications.
· Experience with process mapping, workflow analysis, and gap analysis.
· Knowledge of SQL and database concepts for data analysis and validation.
· Experience with Agile/Scrum and SDLC methodologies.
· Familiarity with tools such as Jira, Confluence, MS Visio, and Microsoft Excel.
· Experience coordinating UAT, functional testing, and defect tracking.
· Excellent communication, analytical, and problem-solving skills.
BFSI Domain Knowledge:
· Banking operations and financial services.
· Retail banking, commercial banking, and investment banking.
· Payments, transactions, and financial operations.
· Loans, lending, credit, and mortgage processes.
· Risk management, regulatory compliance, and financial reporting.
· Customer onboarding, KYC, and AML processes.
· Insurance operations and policy management.
Experience:
· 10+ years of experience in Business Analysis or a related role.
· Strong hands-on experience working on BFSI projects.
· Experience collaborating with business and technical stakeholders in enterprise environments.
NJ TECH INC is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, We cannot sponsor any visa at this time
NJ TECH INC is a globally managed IT service, consulting and Business solutions partner. Our "High-Performance Business" strategy builds up our expertise in technology and consulting. Our consulting plays a major role in helping clients to achieve their objectives in the highest level; ultimately creating sustainable value for customers. Come, transform your career with us and be a part of our high-performing team
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