Business Analyst Job Description

October 13, 20110 Comments

Business Analyst Job Profile and Description:

A business analyst manager is basically the one who is responsible for performing detailed quantitative analysis to develop strategies for the success of the company. He or she is also the in charge of the field as well.

Duties and Responsibilities

There are a wide range of duties and responsibilities which have to be fulfilled by a business analyst as it is a very vital job. Here are the duties and responsibilities as follows:

  • The main job of a business analyst officer is to handle business portfolio analyst in depth.
  • He or she has to manage various statistical models and help in formulating portfolio strategies as it is the prime responsibility.
  • He or she has to analyze the planned strategies so has to conduct campaign management related to various stages of customer and product life cycle in short has to undertake strategy development.
  • He or she has to prepare the reports and also submit those reports regularly on the basis of these analyses.
  • He or she needs to find out the loopholes in their strategies and discover new opportunities or areas to focus in as well.
  • It may be also the duty to develop business models such as customer modeling, customer segmentation and business forecasting.
  • He or she has to do the documentation work by analyzing the required information and data.
  • It will be needed to work with different business units to develop product propensity model which can deal with acquisition, usage and retention and micro-segmentation.
  • He or she has to translate the customer needs into application and operational requirements.
  • The duty includes recommend the changes after identifying those requirements, to meet company targets.

Skills and Specifications

The skills and specification required in a person to do the job are as follows:

  • The candidate desiring to do the job of a business analyst officer must show strong analytical and problem-solving skills.
  • The person should necessarily have the required team working skills to lead and motivate them.
  • He or she should have the required knowledge of basic technical software and applications need in this line of work.
  • The person needs to be a very good communicator so it requires both written and verbal skills which are very important.

Education and Qualifications

  • The persons interested in this field needs to have a bachelor’s degree in mathematics, statistics, economics, finance or operational research.
  • The other requirement is an MBA and study marketing analyst.
  • Besides this, prior experience in customer relationship management and credit risk management will also be helpful for the candidate for sure.

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