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Business Analyst
Illinois National Bank Springfield, IL
$94k-115k (estimate)
Full Time | Banking 2 Months Ago
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Illinois National Bank is Hiring a Business Analyst Near Springfield, IL

Job Description:

About Us:

INB Federal Services is dedicated to developing and enhancing products and services associated with key programs in the Federal Government. We focus on providing strategic solutions and value to our clients, ensuring that our products meet the highest standards of quality and efficiency.

Overview

We are seeking a detail-oriented and proactive Business Analyst to join our Federal Product Management team. The successful candidate will work closely with the Product Manager to analyze market trends, gather and document requirements, and support the development of innovative products. This role requires strong analytical skills, excellent communication abilities, and a passion for driving product success.

The successful candidate will have the flexibility to choose to work from one of our following office locations:

Springfield, Illinois St. Louis, Missouri Miami, Florida Tampa, Florida

Please note: This is an in-office position. Candidates must specify their preferred office location in their application.

Experience and Skills:

Key Responsibilities:

Requirements Gathering and Analysis

- Collaborate with stakeholders, including customers, sales teams, and marketing, to gather and document product requirements.

- Analyze and interpret business needs to translate them into actionable requirements for the product development team.

- Create detailed user stories, user journeys, use cases, and functional specifications.

- Monitor and aggregate the operational documentation from each module lead

- Perform analysis and create mapping documents between current state access role and future state access roles.

- Support the testing strategy, execution, and manage defect resolution during Mock/UAT.

- Assist Project Leads with Readiness review and administrative project requirements.

Market Research and Competitive Analysis

- Conduct market research to identify industry trends, customer needs, and competitive landscape.

- Analyze market data to provide insights and recommendations to the Product Manager.

- Monitor competitors' products and provide benchmarking reports.

Product Development Support

- Work closely with the Product Manager to define product vision, strategy, and roadmap.

- Assist in the development and prioritization of product features and enhancements.

- Coordinate with cross-functional teams (engineering, design, marketing) to ensure successful product delivery.

Data Analysis and Reporting

- Analyze product performance metrics and provide regular reports to the Product Manager.

- Identify key performance indicators (KPIs) and develop dashboards to track product success.

- Provide insights and recommendations based on data analysis to drive product improvements.

Stakeholder Communication and Collaboration

- Serve as a liaison between the Product Manager and other departments, ensuring clear communication of product goals and requirements.

- Facilitate meetings and workshops to gather feedback and ensure alignment on product initiatives.

- Prepare and deliver presentations to stakeholders to communicate product progress and updates.

Qualifications:

- Bachelor’s degree in business administration, Computer Science, Information Systems, or a related field.

- 3 years of experience as a Business Analyst, preferably in a product management environment.

- Strong analytical and problem-solving skills, with the ability to interpret complex data and make informed decisions.

- Excellent written and verbal communication skills, with the ability to convey technical information to non-technical stakeholders.

- Proficiency in requirements management tools and techniques.

- Experience with market research and competitive analysis.

- Ability to work effectively in a collaborative team environment and manage multiple priorities.

- Required: US Citizenship under Federal Executive Orders.

Preferred Skills:

- Experience with agile methodologies and tools (e.g., JIRA, Confluence).

- Knowledge of UX/UI principles and experience working with design teams.

- Familiarity with data visualization tools (e.g., Tableau, Power BI).

Competencies:

  • Collaborating, Competitive Environment, Design Thinking
  • Emerging Technologies, Innovation, Managing Multiple Priorities
  • Problem Solving, Product Development Strategy, Solutions Development

Language Skills

  • Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.

Reasoning Ability

  • Ability to thrive in a dynamic and fast-paced environment, Ability to work within a team environment, as well as independently, good time management, organizational, and interpersonal skills

Physical Demands

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Successful candidate will be sitting for more than 50% of the day.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.

ADA Disclaimer: In developing this job description care was taken to include all competencies needed to successfully perform in this position. However, for American with Disabilities Act (ADA) purposes, the essential functions of the job may or may not have been described for purposes of ADA reasonable accommodation. All reasonable accommodation requests will be reviewed and evaluated on a case-by-case basis.

INB, N.A. is committed to Equal Employment Opportunity with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment. It is INB's policy to afford equal opportunity to all employees and applicants for employment without regard to race, creed, color, sex, sexual orientation, age, marital status, national origin, disability, religion, veteran status, or any other basis prohibited by law. The EEO Law poster is available here:
https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$94k-115k (estimate)

POST DATE

07/13/2024

EXPIRATION DATE

09/12/2024

WEBSITE

illinoisnationalbank.com

HEADQUARTERS

SPRINGFIELD, IL

SIZE

50 - 100

TYPE

Private

CEO

CHRISTOPHER M PARKS CFP

REVENUE

$10M - $50M

INDUSTRY

Banking

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If you are interested in becoming a Business Analyst, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Business Analyst for your reference.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

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Volunteer to perform Business Analyst related tasks.

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Acquire and Leverage on Relevant Skills.

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Being Diligent with Time Management.

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