BAs are responsible for creating new models that support business decisions by working closely with finance and IT teams to establish initiatives and strategies aimed at improving revenue and/or optimizing costs. Business analysts need a strong understanding of regulatory and reporting requirements as well as plenty of experience in forecasting budgeting and financial analysis combined with understanding of key performance indicators.
Responsibilities inlcude:
- Creating a detailed business analysis in an effort to outline problems opportunities and solutions for a business
- Reporting to stakeholders and Project Management Team.
- Defining business requirements and reporting them back to stakeholders
Business analysts are tasked with prioritizing technical and functional requirements identifying what clients want and determining what is feasible to deliver. It requires a deep understanding of systems how they function who will need to be involved and the necessary steps to get everyone on board.
The role of a business analyst is constantly evolving and changing especially as companies rely more on data to advise business operations. Every company has different issues that a business analyst can address whether its dealing with outdated legacy systems changing technologies broken processes poor client or customer satisfaction or siloed large organizations.
Business analyst skills
The business analyst position requires both hard skills and soft skills. Business analysts need to know how to pull analyze and report data trends share that information with others and apply it to business goals and needs. Not all business analysts need a background in IT if they have a general understanding of how systems products and tools work. Alternatively some business analysts have a strong IT background and less experience in business but are interested in shifting away from IT into this hybrid role. The role often acts as a communicator between the business and IT sides of the organization so having extensive experience in either area can be beneficial for business analysts.
Required skills:
- Oral and written communication skills
- Interpersonal and consultative skills
- Facilitation skills
- Analytical thinking and problem solving
- Being detailoriented and capable of delivering a high level of accuracy
- Organizational skills
- Knowledge of business structure
- Stakeholder analysis
- Requirements engineering
- Costbenefit analysis
- Processes modeling
- Understanding of networks databases and other technology
Skill | Required / Desired | Amount | of Experience |
Experience working as a Business Analyst | Required | 4 | Years |
Experience soliciting and documenting requirements | Required | 4 | Years |
Experience working with stakeholders in achieving their goals | Required | 4 | Years |
Strong experience facilitating/ leading requirement gathering sessions | Required | 4 | Years |
Experience creating user stories and technical requirements | Required | 4 | Years |
Understanding with all phases of the software development life cycle (SDLC) | Required | 4 | Years |
Strong organizational multitasking and time management skills required | Required | | |
Strong verbal written and interpersonal skills across all levels of the organization required | Required | | |
Advanced troubleshooting critical thinking analytical problemsolving writing and communication skills | Required | | |
High degree of independence intuition and initiative ability to handle multiple tasks beyond the routine | Required | | |
Experience with writing test scripts performing and supporting user acceptance testing | Required | | |