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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

Berkshire Hathaway Homestate Companies is on the lookout for a dynamic Claims Business Analyst Leader in Financial Transactions to join our Workers Compensation Division in Omaha, Nebraska. In this pivotal role, you will be at the forefront of transformation initiatives that enhance and streamline the financial transaction processes within the Claims lifecycle, covering everything from payments to financial reporting. Your expertise and passion for continuous improvement will lead the charge in optimizing workflows that not only boost accuracy but also ensure compliance and speed. You will be working hand-in-hand with IT, Compliance, and operational teams, ensuring that every project aligns with our strategic goals. As the leader, your analytical skills will shine as you identify inefficiencies, gather business requirements, and create project plans that drive operational efficiencies. You will serve as a change agent, fostering a culture of improvement while ensuring everyone involved is informed, trained, and on board with new processes. You’ll be liaising with stakeholders, keeping a keen eye on performance metrics, and boldly presenting your findings and proposals to Senior Leadership. If you're ready to champion change, leverage your skills, and strengthen our Claims journey, we want to hear from you!

Frequently Asked Questions (FAQs) for Claims Business Analyst Leader - Financial Transactions Role at Berkshire Hathaway Homestate Companies
What are the main responsibilities of a Claims Business Analyst Leader at Berkshire Hathaway HomeState Companies?

The Claims Business Analyst Leader at Berkshire Hathaway HomeState Companies will lead transformation projects, manage project timelines and budgets, and collaborate closely with various teams to optimize financial transaction processes in the Claims lifecycle. This role emphasizes strategic leadership, business analysis, change management, and stakeholder engagement to ensure operational improvements are successfully integrated.

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What qualifications do I need for the Claims Business Analyst Leader position at Berkshire Hathaway HomeState Companies?

To qualify for the Claims Business Analyst Leader position at Berkshire Hathaway HomeState Companies, candidates should possess a bachelor’s degree in Business Administration, Project Management, or a related field, with a master’s degree preferred. Additionally, having 10 years of experience in business analysis or project management, preferably in insurance or claims, is essential. Relevant certifications like CPM or PMP can also enhance your candidacy.

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How does Berkshire Hathaway HomeState Companies support career growth for Claims Business Analyst Leaders?

At Berkshire Hathaway HomeState Companies, we are deeply committed to the professional development of our Claims Business Analyst Leaders. We provide resources such as tuition reimbursement programs, a diverse range of training opportunities, and a culture that promotes continual learning and innovation, allowing our leaders to thrive and advance in their careers.

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What kind of projects can a Claims Business Analyst Leader expect to work on at Berkshire Hathaway HomeState Companies?

A Claims Business Analyst Leader at Berkshire Hathaway HomeState Companies can expect to lead projects that aim to optimize financial transactions throughout the Claims lifecycle. These could include enhancing payment processes, streamlining reporting systems, and utilizing automation to improve operational efficiencies while ensuring compliance with regulatory requirements.

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What is the company culture like at Berkshire Hathaway HomeState Companies for Claims Business Analyst Leaders?

Berkshire Hathaway HomeState Companies prides itself on fostering a collaborative and inclusive culture. As a Claims Business Analyst Leader, you’ll be part of a team that values diverse perspectives and encourages open communication. We believe that our differences make us stronger, and we prioritize an environment where everyone can thrive and contribute to our mission.

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What benefits do Claims Business Analyst Leaders receive at Berkshire Hathaway HomeState Companies?

Claims Business Analyst Leaders at Berkshire Hathaway HomeState Companies enjoy a comprehensive benefits package that includes flexible work-from-home options, bonus eligibility, generous paid time off, retirement savings match, group health insurance, and several initiatives aimed at promoting employee well-being and engagement.

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How does the Claims Business Analyst Leader position impact overall company success at Berkshire Hathaway HomeState Companies?

The Claims Business Analyst Leader plays a vital role in driving operational efficiencies which directly contribute to the overall success of Berkshire Hathaway HomeState Companies. By optimizing financial transactions and enhancing processes, this position not only improves accuracy and compliance but also enhances customer satisfaction and the company's reputation in the insurance industry.

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Common Interview Questions for Claims Business Analyst Leader - Financial Transactions
Can you describe your experience with leading transformation projects in claims or insurance?

When answering this question, focus on specific projects you've led, the challenges you faced, and the strategies you implemented for success. Highlight your ability to engage stakeholders and manage project milestones effectively.

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How do you approach business process improvement in your projects?

Share examples of process improvement methodologies you've used, such as Lean or Six Sigma. Discuss how you analyze workflows, identify inefficiencies, and implement changes that boost operational performance.

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What strategies do you implement to ensure stakeholder engagement throughout a project?

Focus on your communication skills and how you keep stakeholders informed and involved. Mention specific techniques, such as regular updates, feedback sessions, and collaborative meetings to maintain alignment.

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Describe a time you managed a project budget successfully.

Provide details about a specific project, the budget you had to work with, and how you monitored spending. Explain the lessons learned and how you applied them in future projects.

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How do you ensure compliance with regulatory requirements in your projects?

Discuss your knowledge of industry regulations and your approach to embedding compliance checks into project plans. Provide examples of how you have successfully navigated compliance challenges in past roles.

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Can you explain a successful change management strategy you've implemented?

Share a specific instance where you developed and executed a change management strategy. Focus on how you prepared the team, communicated the changes, and ensured a smooth transition.

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What tools or software are essential for a Claims Business Analyst Leader like you?

Discuss your expertise with various software tools used for project management, data analytics, and reporting. Mention your proficiency in Microsoft Office applications and any specific proprietary software relevant to the role.

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How do you measure the success of a transformation initiative?

Talk about the KPIs and performance metrics you typically use. Highlight your process for reviewing outcomes against objectives and making data-driven decisions to inform future projects.

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Describe your experience with cross-functional leadership.

Illustrate your experience working with diverse teams across various functions. Provide examples of how you built relationships, managed conflicts, and drove collective success towards project goals.

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What motivates you to lead in the claims and insurance industry?

Share your passion for the industry and your commitment to process improvement and customer satisfaction. Discuss how your personal values align with the mission of Berkshire Hathaway HomeState Companies.

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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 26, 2024

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