Job Description - Strategy & Transactions – Strategy (Business Analyst)

At Deloitte Strategy & Transactions (S&T), we don’t just advise — we architect the future. Our team is uniquely positioned at the intersection of strategy and execution, empowering clients to tackle their most pressing challenges and unlock transformative growth.

We work with C-suite executives, Boards, and business leaders to answer the questions that matter most — from navigating complex M&A and driving digital transformation, to reshaping operating models and unlocking new market opportunities. We are trusted advisors during our clients' most critical, high-stakes moments.

But we don’t stop at client impact — we are equally passionate about investing in our people. At S&T, you’ll be part of a dynamic team culture that accelerates leadership development, fosters curiosity, and delivers hands-on experience at the forefront of strategy and transactions. We design differentiated career paths that empower our talent to thrive.

Our capabilities span the full lifecycle of transformation — from Enterprise and Growth Strategy to Enterprise Technology and Transformation Strategy, end-to-end M&A, valuation and modeling, and performance improvement & restructuring, to infrastructure & real estate advisory and sustainability-driven innovation.

If you’re looking to work where bold thinking meets real-world impact — and where your growth matters as much as your clients’ — Strategy & Transactions is your next move.

The team

Our Strategy practice brings together several key capabilities that will allow us to architect integrated programs that transform our clients’ businesses, including Corporate & Business Unit Strategy, Go to Marketing Strategy, Technology and Capability Transformation.

Strategy professionals will serve as trusted advisors to our clients, working with them to make clear data-driven choices about where to play and how to win, in order to drive growth and enterprise value.

Work you will do:

Deloitte’s ‘Strategy’ offering helps companies address the entire range of top management challenges including pursuing new growth opportunities, developing go-to-market strategies, channel strategies, and pricing strategies.

·       Identify strategies for growth and value creation

·       Develop the appropriate business models, technology operating models, and capabilities to support their strategic vision

·       Maximize the ROI on technology investments and leverage technology trends to architect future technology strategies

Required Experience and Skills

Enterprise Technology and Transformation Strategy – FSI - Insurance

Following experience would be required as a part of this job role:

a)    Insurance: Includes working with Life & Annuities, Property & Casualty Insurance, Specialty, Health, Reinsurance, Insurance Brokers sub-sectors, etc. preferably US markets

FSI Industry Experience

·       Consulting experience for clients in the Financial Services industry

·       Hands-on exposure of working for / with leading Insurance companies especially in Strategy team or Product Development, other consulting firms within Insurance (minimum 6 months for Analyst level & minimum 1+ year of experience for Consultant level)

·       Awareness of industry trends, challenges, technology adoption levels and solution landscape in at least one of the Insurance sub-sectors

·       Certifications related to FSI sector (e.g., CFA, FRM, AINS, LOMA) are a plus

Enterprise Technology and Transformation Strategy

·       Ability to articulate leading business issues and trends including the associated technology implications

·       Demonstrate application of business acumen while leveraging information technology

·       Experience of being a Technology Product Owner and responsible for delivering product model and communicating the product needs with business partners

·       Strong understanding of front to back architecture principles, technology stack, infrastructure with exposure to new age tools

·       One life cycle project execution experience in recommending and/or implementing IT strategy and solutions for improving business outcomes

·       Exposure to working in non-India Geographies (preferably the US) and / or interacting with Global stakeholders

·       Candidates are also required to have at least one full project experience in one or more of the following areas:

o    IT Strategy & Alignment – Delivering IT Strategy, driven both from a top-down analysis starting with an articulated business strategy and a bottom-up technology capability analysis; Experience working on cost reduction techniques, portfolio modernization and delivery roadmap creation for FSI players

o    Technology Operating Model Design - Assessment of current state operating model -its underlying processes, ability to identify pain points and process gaps; design of target state operating model and associated roadmap

o    Enterprise Architecture – Experience of Enterprise Architecture capabilities such as Blueprinting, solution architecture, architecture assessment, planning and cost estimation. Knowledge of any of the major Enterprise Architecture Frameworks (preferred) E.g. TOGAF, FEA(F), and DoDAF

o    IT Outsourcing: Experience working on IT Outsourcing model, vendor analysis and benchmarking, contract analysis and understanding of how IT resources create shareholder (business) value

o    Enterprise Data Management & Governance: Strong understanding of data management process across the data lifecycle (MDM, ingestion, storage, transformation) with experience in evaluating the client's data landscape and architecture to identify opportunities for improvement. Assessing current data governance practices and maturity within client organizations, having the ability to define and implement data governance strategies and frameworks for organizations

o    AI/ML – Strong understanding of AI/ML concepts and frameworks, ability to design solutions around automation including advanced AI / ML solutions in areas of deep learning, machine learning, NLP, Simulation, etc.; knowledge of AI/ML implementation use cases for players in FSI industry.

o    Cloud Strategy – Understand the impact of cloud computing in business and technology decisions, ability to identify and articulate the business and technology drivers of cloud computing, design of business cases for cloud. Certifications such as AWS, GCP, Azure will be a plus. Experience with workload assessment, business cases development, operational assessment, roadmap creation, vendor selection

o    DevOps / Agile – Strong understanding of Agile, DevOps, CI/CD, Site Reliability Engineering with hands on experience on tools such as Jenkins, Git and JIRA

o    Transformation Management Office (TMO) – Experience supporting or managing large-scale technology or business transformation initiatives through structured governance frameworks. Ability to establish and run centralized transformation offices, align multiple workstreams across business and IT, track performance against transformation KPIs, and drive executive-level reporting. Skilled in risk and issue management, stakeholder alignment, change management, and value realization tracking

Core Consulting Skills

·       Clear and concise communication - conduct client interviews, participate in workshops/trainings and present recommendations.

·       Good client presence – interact and build relationships with clients and other team members

·       Analytical thinking - ability to perform detailed, quantitative analysis and research (primary and secondary). Synthesize and present insights and recommendations from data.

·       Logical structuring - structured approach to problem solving and ability to perform root cause analysis of client problems

·       Deadline-oriented and quality focused - develop and own development of deliverables. Own and manage specific work-thread, develop plans for components of engagement, manage and mentor junior resources

·       Collaboration - Be able to work both independently and as part of a team with professionals at all levels. Be able to prioritize tasks, manage change in scope, work on multiple assignments, and raise concerns/questions where appropriate

·       Network - ability to chart one’s own career and build networks within the organization

·       Excel Modelling - Built dynamic Excel models and macros for market sizing, forecasting, and automation of repetitive analysis and reporting tasks

·       GenAI Tools Usage - Ability to craft structured generative research prompts and use tools (e.g., ChatGPT or MS Copilot in Excel/PowerPoint) to streamline research, create slides, synthesize interviews, or simulate models

·       LLM - Developed and deployed LLM tools to accelerate research, generate summaries, and support slide creation is a plus

Qualifications

Required:

For Analyst Level:

·       B. Tech., B.Engg. from a premier school in India or abroad.

·       6-18 months of relevant experience post Bachelors

·       6+ months with Insurance industry focus is a plus