Financial Business Analyst
Financial Business Analyst
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Job Description
Position Description:
This role is hybrid and requires you to be at our downtown Toronto (250 Yonge St Toronto) and/or Client office (Markham) at a minimum 3 days per week - subject to change at any time.
The Business Analyst - Finance Systems will play a crucial role in analyzing designing and implementing Finance Systems within the P&C insurance sector.
The ideal candidate will have a strong understanding of insurance accounting principles mainframe constructs and a solid grasp of Guidewire principles. This role requires excellent analytical skills attention to detail and the ability to work collaboratively with cross-functional teams. Strong written and verbal communication skills are paramount.
Internal Job Description / Advert:
Assist with undertaking tasks related to Financial Accounting within the insurance sector. Gather and document technology needs from finance and accounting units develop recommendations and respond to queries. Conduct analysis to identify improvement opportunities evaluate technology solutions and support strategy development. Collaborate with stakeholders on project scope and deliverables update processes for efficiency and participate in creating test plans. Stay informed on industry advancements monitor technology practices and participate in training and projects. Ensure good customer outcomes by acting in good faith and supporting customers financial goals.
Your future duties and responsibilities:
1. Analyze and document business requirements for Finance Systems.
2. Excellent writing skills
3. Collaborate with stakeholders to identify and prioritize system enhancements and improvements.
4. Understand and interact with Guidewire and mainframe constructs in the context of finance systems.
5. Conduct gap analysis and develop functional specifications for system changes.
6. Ensure compliance with insurance accounting standards and regulations.
7. Analyze data impacts on P&L statements and Balance Sheets.
8. Understand basic accounting including balance sheet P&L concept.
9. Work side-by-side with business teams throughout the life of the project understanding their needs communicating expectations and developing customer-centric change proposals.
10. Participate in system testing and validation to ensure accuracy and functionality.
11. Create SQL queries and execute in Oracle & Postgress Databases.
12. Provide training and support to end-users on new system features and processes.
13. Monitor system performance and troubleshoot issues as they arise.
14. Prepare detailed reports and presentations for management and stakeholders.
Required qualifications to be successful in this role:
Candidate Requirements (in order):
1. Experience/Industry knowledge: Minimum of 5 years of experience as a Business Analyst in Finance Systems with extensive experience in the insurance industry. Strong understanding of insurance accounting principles and practices. Familiarity with insurance industry regulations and standards particularly in relation to IFRS17 OSFI GISA Facility Association and GAA
2. Familiarity with Guidewire principles (PolicyCenter BillingCenter or ClaimCenter).
3. Knowledge of mainframe constructs and their application in Finance Systems.
4. Understanding of ETL transformations and their role in data processing.
5. Expertise in SQL scripting.
6. Proficiency in data analysis and reporting tools.
7. Proficient in Visio PowerPoint Excel and Word.
8. Hands on BA experience - writing requirements creating user stories process mapping data modeling maintaining data dictionaries etc.
9. Excellent communication and interpersonal skills.
10. Strong problem-solving abilities and attention to detail.
11. Ability to work independently and as part of a team.
#LI-MC1
Skills:
- Business Analysis
- Business Process Analysis
- Business Process Modelling
- Data Analysis
- ETL
- Finance
- Financial Accounting
- Financial Services
- Requirements Analysis
- Solution Analysis
- SQL
What you can expect from us:
Together as owners lets turn meaningful insights into action.
Life at CGI is rooted in ownership teamwork respect and belonging. Here youll reach your full potential because
You are invited to be an owner from day 1 as we work together to bring our Dream to life. Thats why we call ourselves CGI Partners rather than employees. We benefit from our collective success and actively shape our companys strategy and direction.
Your work creates value. Youll develop innovative solutions and build relationships with teammates and clients while accessing global capabilities to scale your ideas embrace new opportunities and benefit from expansive industry and technology expertise.
Youll shape your career by joining a company built to grow and last. Youll be supported by leaders who care about your health and well-being and provide you with opportunities to deepen your skills and broaden your horizons.
At CGI we recognize the richness that diversity brings. We strive to create a work culture where all belong and collaborate with clients in building more inclusive communities. As an equal-opportunity employer we want to empower all our members to succeed and grow. If you require an accommodation at any point during the recruitment process please let us know. We will be happy to assist.
Come join our teamone of the largest IT and business consulting services firms in the world.
Required Experience:
IC
Employment Type
Full-Time
