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Claims Business Analyst Leader - Financial Transactions

Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate opening for a Claims Business Analyst Leader to focus on financial transactions. This key change agent focuses on the organization's Claims journey of continuous improvement, leading transformation initiatives aimed at optimizing financial transaction processes in the Claims lifecycle (payments, reserving, recoveries, and financial reporting), aimed at streamlining workflows to enhance accuracy, speed, and compliance in all financial-related aspects of Claims.


This leader will leverage market research and their expertise in process improvement methodology to design, prioritize, and execute strategic priorities to deliver operational efficiencies for the department, focusing on analytics, technology, and incorporation of best practices to develop project plans, timelines, and budgets, setting milestones and KPIs to monitor and report progress.


ESSENTIAL RESPONSIBILITIES


STRATEGIC LEADERSHIP
  • Leads transformation projects from concept through implementation, utilizing market research and collaborative feedback with key stakeholders to design and implement operational improvements.
  • Develops and manages project plans, timelines, and budgets, ensuring alignment with organizational objectives.
  • Defines clear project milestones and KPIs to monitor progress and report to Senior Leadership.
  • Collaborates with IT, Compliance, Learning & Development, and operational teams to ensure alignment and successful integration of transformation initiatives.
  • Ensures seamless handover of new processes and solutions to the operational team for sustainable execution. 


BUSINESS ANALYSIS
  • Conducts in-depth analysis of current systems, workflows, and performance metrics to identify inefficiencies, gaps, and opportunities for improvement. 
  • Targets and transforms highly manual operational teams/processes toward automation. 
  • Prioritizes specific improvements that will yield greatest impact/ROI. 
  • Gathers and documents business requirements, engaging relevant stakeholders within Claims department and development teams.
  • Develops vision and actively promotes business case for proposed changes, including cost/benefit analysis for presentation to Exec. 
  • Collaborates with development and design partners across company on time parameters, successful scope definition, and deployment.
  • Solicits and integrates feedback from stakeholders/SME’s and leadership; develops effective feedback loops. 
  • Tracks performance throughout the duration of projects to ensure timely outcomes and alignment with business goals.  Takes necessary steps to address or escalate deviations/issues and works collaboratively to find solutions. 


CHANGE MANAGEMENT
  • Acts as a change agent to foster a culture of continuous improvement within the Claims team.
  • Develops and executes comprehensive change management strategies to ensure adoption of new processes. 
  • Ensures all impacted staff are thoroughly informed, receptive to changes, and appropriately trained. 


STAKEHOLDER ENGAGEMENT
  • Serves as the primary point of contact for all transformation-related communications.
  • Ensures alignment of proprieties with key stakeholders and external vendors to ensure successful outcomes.
  • Partners with Finance to ensure all initiatives provide adequate financial quality and segregation of controls and that audit requirements are met.
  • Facilitates EDI compliance and accuracy along with the Compliance teams to ensure all initiatives meet regulatory and EDI requirements.
  • Fosters a collaborative team environment by clearly communicating goals, progress and challenges to all relevant parties.  


QUALIFICATIONS
  • Education: Bachelor’s degree in Business Administration, Project Management, or related field.  Masters degree preferred. 
  • Certifications: One or multiple preferred: Certified Project Manager (CPM), Project Management Professional (PMP), PMI Professional in Business Analysis (PMI-PBA).
  • Experience: A minimum of 10 years of experience in business analysis, project management, or operational leadership, preferably within insurance or claims, required. Proven track record of leading large-scale transformation initiatives required. Experience with Lean, Six Sigma, or other process improvement methodologies a plus.
  • Technical and Computer Skills: Excellent business acumen and understanding of workers compensation, project management, and business analytics. Advanced skills to perform data collection and reporting. Advanced knowledge of Microsoft Office applications and proprietary software. Strives to continuously build knowledge base and technical skills.


SKILLS NEEDED FOR SUCCESS
  • Analytical Thinking
  • Strategic Vision
  • Problem-Solving
  • Change Management
  • Cross-Functional Leadership
  • Process Improvement
  • Stakeholder Engagement


COMPANY BENEFITS
  • Work From Home (up to 2 days per week after eligibility)
  • Bonus Eligible
  • Paid Time Off
  • Paid Holidays
  • Retirements Savings Match
  • Group Health Insurance (Medical, Dental, and Vision)
  • Life and AD&D Insurance
  • Long Term Disability Insurance
  • Paid Community Volunteer Day
  • Employee Assistance Program
  • Tuition Reimbursement Program
  • Employee Referral Program
  • Diversity, Equity and Inclusion Program


ABOUT US

With more than 50 years in business, BHHC has grown from a regional organization to a national insurance group, offering insurance products from coast to coast. Relationships are the cornerstone of our culture, and we believe in doing the right thing. That means we invest in our business in every way possible to deliver on our mission and demonstrate that people are what powers our success. Our commitment to financial strength and integrity means our customers can rest assured that we will be there when it counts.

 

At BHHC we embrace diversity and foster an environment where our people can be their authentic selves. Our differences make us stronger and better together, which fosters a harmonious workplace—something we truly value. We’ve created an approachable and collaborative atmosphere. Here you’ll find a welcoming workplace where everyone can feel valued, supported, and inspired to do great work. Together, we raise the bar by being curious, remaining customer-focused, and operating with integrity.

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What You Should Know About Claims Business Analyst Leader - Financial Transactions, Berkshire Hathaway Homestate Companies

Are you ready to make a significant impact as a Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies in Omaha, Nebraska? If you have a passion for continuous improvement and a knack for financial transaction processes, then this role is perfect for you! You'll become a key change agent in our Workers Compensation Division, focusing on enhancing the entire Claims lifecycle—from payments and reserving to recoveries and financial reporting. Your leadership will drive transformation initiatives aimed at streamlining workflows, boosting accuracy, and ensuring compliance in all financial transactions. You'll be the mastermind behind project plans, timelines, and budgets, collaborating with IT, Compliance, and operational teams to bring these strategies to life. Your analytical mindset is crucial, as you'll conduct in-depth analyses of current systems to identify inefficiencies and areas ripe for automation. We’re looking for someone who thrives on collaboration, can effectively gather business requirements, and isn’t afraid to promote their vision to Executive leadership. Additionally, you'll foster a culture of continuous improvement within our team, ensuring that every impacted staff member is fully trained and ready to embrace these exciting changes. If you’re an analytical thinker with a strong background in project management, we encourage you to step forward and lead us into a new era of operational excellence at BHHC.

Frequently Asked Questions (FAQs) for Claims Business Analyst Leader - Financial Transactions Role at Berkshire Hathaway Homestate Companies
What does a Claims Business Analyst Leader do at Berkshire Hathaway Homestate Companies?

A Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies focuses on financial transactions within the Claims lifecycle. This role involves leading transformation initiatives that optimize processes related to payments, reserving, recoveries, and financial reporting, ensuring operational efficiencies and compliance.

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What qualifications are required for the Claims Business Analyst Leader position at Berkshire Hathaway Homestate Companies?

To qualify for the Claims Business Analyst Leader role at Berkshire Hathaway Homestate Companies, candidates typically need a Bachelor's degree in Business Administration or a related field (Master's preferred), along with at least 10 years of experience in business analysis or project management, preferably in the insurance or claims sector.

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What skills are vital for success as a Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies?

Success in the Claims Business Analyst Leader role at Berkshire Hathaway Homestate Companies requires strong analytical thinking, strategic vision, problem-solving capabilities, and cross-functional leadership. Familiarity with process improvement methodologies like Lean or Six Sigma is also advantageous.

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How does a Claims Business Analyst Leader contribute to continuous improvement at Berkshire Hathaway Homestate Companies?

As a Claims Business Analyst Leader, you drive a culture of continuous improvement by implementing operational enhancements, automating processes, and ensuring that new workflows are effectively adopted within the Claims team at Berkshire Hathaway Homestate Companies.

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What benefits do employees receive as a Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies?

Employees in the Claims Business Analyst Leader role at Berkshire Hathaway Homestate Companies enjoy a range of benefits including flexible work-from-home options, bonuses, paid time off, retirement savings match, comprehensive health insurance, and tuition reimbursement.

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What does the transformation process look like for a Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies?

The transformation process for a Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies involves leading projects from inception to implementation, collaborating with stakeholders, conducting analysis, and ensuring new solutions are integrated effectively into the operational workflow.

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How important is stakeholder engagement for a Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies?

Stakeholder engagement is crucial for a Claims Business Analyst Leader at Berkshire Hathaway Homestate Companies, as you will serve as the primary contact for transformation-related communications, ensuring alignment of priorities and successful outcomes across various departments.

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Common Interview Questions for Claims Business Analyst Leader - Financial Transactions
Can you describe your experience with financial transaction processes in insurance?

When answering this question, highlight specific examples from your past roles where you managed financial transactions, focusing on the methodologies you employed to streamline processes and improve accuracy.

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How do you prioritize transformation initiatives within Claims?

Discuss your approach to prioritization by mentioning the criteria you use, such as ROI, compliance impact, and stakeholder feedback. Provide an example of a time you applied this strategy successfully.

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What project management methodologies do you prefer and why?

Explain your preferred methodologies—like Agile or Waterfall—and share a relevant experience where these methodologies led to project success, emphasizing your adaptability.

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How do you foster a culture of continuous improvement in a team?

Share your strategies for promoting continuous improvement, such as regular training sessions and encouraging feedback from team members, along with a personal story demonstrating your impact on team dynamics.

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Describe a challenge you faced during a transformation project and how you overcame it.

Provide a detailed description of a specific challenge, focusing on your problem-solving process and how you collaborated with stakeholders to find a solution, underscoring the positive outcome that followed.

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How do you gather and document business requirements?

Discuss your methods for collaborating with stakeholders to gather requirements, emphasizing your communication skills and the tools you use to document this information efficiently, with a concrete example.

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What role does data analytics play in your approach as a Claims Business Analyst Leader?

Highlight the importance of data analytics in your work, citing instances where analytical insights led to process improvements or informed decision-making in your previous roles.

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How would you ensure compliance during a transformation project?

Explain the steps you take to incorporate compliance measures into project plans, including regular checks with compliance teams and training for team members, showcasing a successful compliance initiative you've led.

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Can you give an example of how you have managed change within an organization?

Share a clear example of a change management initiative you've led, detailing the strategies you used to communicate the change and secure buy-in from stakeholders to illustrate your effectiveness as a change agent.

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What is your approach to managing project timelines and budgets?

Discuss your strategic approach to managing timelines and budgets, including tools you use for tracking and reporting progress, using a specific project as an example of how you successfully kept both on track.

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We strive to be the premier insurance carrier in our chosen markets by providing compassionate care to injured workers, superior service to our policyholders and producer clients, and outstanding career opportunities for our employees while consis...

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Full-time, hybrid
DATE POSTED
November 27, 2024

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