Senior Business Analyst - Retirement, Pension & 401k (Insurance Consulting)

Senior Business Analyst - Retirement, Pension & 401k

Remote

Insurance Consulting

ABOUT US

Cognizant is one of the world's leading professional services companies, transforming clients' business, operating, and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build, and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant, a member of the NASDAQ-100, is ranked 195 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com

COGNIZANT CONSULTING

Within Cognizant is Cognizant Consulting, a global consulting organization delivering strategic and domain consulting through industry and technology expertise. With over 6,000 consultants worldwide, Cognizant offers high-value consulting services that improve business performance and operational productivity, lower operational expenses and enhance overall performance. Clients draw upon our deep industry expertise, program and change management capabilities, and analytical objectivity to help improve business productivity, drive technology-enabled business transformation and increase shareholder value. We provide a number of Business/IT Consulting Services including Business Strategy, IT Strategy & Roadmap Development, Process Re-Engineering & Transformation, Enterprise Architecture & Technology Selection, and Domain Solutions. The Cognizant Consulting team is a high performing organization that is continually expanding our client base and increasingly being recommended by analysts such as Forrester and Gartner. And we’re growing!

The Role

Our Insurance Consulting Practice is looking for a Senior Business Analyst to join our journey and partner with our customers to assess and document business requirements and functional specifications.  To be successful, you’ll work with your colleagues to bridge the gap between technical and business teams to ensure applications are developed to required specifications. This role is part of our Insurance Consulting practice, where we’ve been named a leader in the Everest Group Insurance and Analytics and Insights PEAK Matrix, and our deep industry knowledge of current and emerging trends positions us to be fully aligned with our clients needs in a rapidly changing landscape.

As a Senior Business Analyst on our team, we’re looking for Consultants who can deliver within Cognizant’s Five Pillars of Consulting Excellence, which are: 1) Project Execution, 2) Expertise, 3) Business Development, 4) Practice Development, & 5) People Development. As the Senior Manager, this means overseeing advisory consulting engagements, being a trusted advisor to clients, establishing oneself as a thought leader in your field, solving complex problems, consultatively working with a client to achieve business goals, driving contributions to offerings and innovations, and serving as a people leader, guiding multiple teams as they work to transform a client and the world. In addition to enabling consulting excellence through the Five Pillars of Consulting, the specific requirements for this position are below. 

Our solutions are in demand and we’re passionate about making a difference. If you have experience with the above, are a selfless leader, and are committed to client-facing environment; if you want to grow your career with a team that wants to build something great together, we want to hear from you! Apply now! 

Responsibilities

• Serve as Senior Business Analyst in our Consulting group, working directly on one or more client engagements, bridging the gap between technical and business teams to ensure applications are developed to required specifications

• Documentation of business requirements for assigned project/s

• Build and maintain relationships with internal customers throughout the organization

• Document the results of analysis activities using the appropriate tools and techniques

• Produce documentation in accordance with prevailing client standards and methodologies

• An ability to consult and liaise at many levels within the organization

• Identify and communicate areas of potential business risk.

• Commercially represent Cognizant as a key member of the Retirement Consulting Practice.

• Assess retirement / pension clients’ current state of maturity at different stages of the retirement / pension industry value stream -- across multiple dimensions, including strategy, operating model, processes, technology solutions, application architecture, data, integrations, and more.

• Help retirement / pension industry leaders transform their businesses.

• Work with Cognizant leadership and client leadership to plan value-additive projects.

• Manage economics across a couple large or several smaller projects.

• Identify and pursue upsell opportunities with existing clients.

• Manage RFI/RFP responses and other business development opportunities.

• Translate objectives into defined scope and executable tasks for team members.

• Coach team members; deliver continuous and constructive feedback.

• Sign off on quality and relevance of retirement / pension requirements before they go to client.

• Identify and lead areas to build practice capabilities and presence.

• Help to create retirement / pension consulting practice case studies, white papers, and points-of-view through the gathering of industry best practices and self-knowledge.

• Create consulting assets for the retirement / pension space that can be reused with multiple clients and prospects.

• Help lead efforts in recruitment and onboarding.

Qualifications:

• 8-12 years of experience in the retirement / pension industry, including but not limited to: workplace defined contribution (DC) plans, workplace defined benefit (DB) plans, 401k, annuities, supplemental plans such as NQDC, COLI, pension risk transfer, etc. (Required)

• Track record of building and maintaining trusted working relationships with retirement / pension client counterpart(s), both within and beyond current scope of engagement.

•Can serve as a thought leader on retirement / pension industry best practices; manage research, development, and authoring of consulting mindshare, including articles, whitepapers, and other collaterals via traditional and social media channels.

• Leadership skills that bring out the best in others; the ability to oversee multiple Consultants and non-consultants who are working toward a common goal – the best possible outcome for a client

• Personal leadership and desire to create a culture that enables exceptional outcomes; the embodiment of Cognizant’s Core Values of: Stat with a point of view; Seek data, build knowledge; Always strive, never settle; Work as one; Create conditions for everyone to thrive; Do the right thing, the right way

• Credibly can help deliver training and career development to individuals and teams.

• Strong ethics, including work ethic.

• Bachelors Degree in Business, IT, Engineering, or other relevant field (Required)

• Advanced Degree in Business, IT, Engineering, or other relevant field (Preferred)

Work Authorization

Cognizant will only consider applicants for this position who are legally authorized to work in the United States without company sponsorship (H-1B, L-1B, L-1A, etc.)

Location: Remote

Travel: Required

Salary and Other Compensation:  

Applications will be accepted until 5/30/2024.

The annual salary for this position is between $95,500.00 to $184,600.00 depending on experience and other qualifications of the successful candidate. 

This position is also eligible for Cognizant’s discretionary annual incentive program and stock awards, based on performance and subject to the terms of Cognizant’s applicable plans. 

Benefits: Cognizant offers the following benefits for this position, subject to applicable eligibility requirements:  

•    Medical/Dental/Vision/Life Insurance

•    Paid holidays plus Paid Time Off 

•    401(k) plan and contributions 

•    Long-term/Short-term Disability 

•    Paid Parental Leave 

•    Employee Stock Purchase Plan 

Disclaimer: The salary, other compensation, and benefits information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.