Tata Elxsi is among the world’s leading providers of design and technology services across industries, including Automotive, Broadcast, Communications, and Healthcare. Tata Elxsi is helping customers reimagine their products and services through design thinking and the application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence.
Tata Elxsi offers a comprehensive compensation and benefits package. Tata Elxsi is an affirmative action-equal opportunity employee. Tata Elxsi complies with all applicable federal, state and local laws regarding recruitment and hiring. All qualified applicants are considered for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, citizenship status, disability, protected veteran status, or any other category protected by applicable federal, state or local laws.
Join our expanding team in North America! Are you a driven & enthusiastic individual, eager to kickstart your career in Business Analysis? We're seeking a dynamic Business Analyst to join us at North America for HLS business.
Title: Business Analyst - Medtech Industry
Preferred Location: MN/IL
Travel required, Hybrid working
Overview:
We are seeking a talented Business Analyst with a specialization in the Medtech (Medical Technology) industry to join our innovative team. The ideal candidate will possess a strong blend of business acumen and technical expertise, along with a deep understanding of the unique challenges and opportunities within the Medtech sector, particularly within the North American market.
This role will involve collaborating closely with stakeholders to analyze market trends, drive strategic initiatives, and optimize business processes to support the growth and success of our Healthcare and Life Sciences Business Unit at Tata Elxsi, focusing on the North American market.
Responsibilities:
- Market Analysis: Conduct comprehensive analysis of the North American Medtech market, including market size, growth trends, competitive landscape, and emerging technologies. Provide insights and recommendations to support strategic decision-making and market expansion efforts.
- Product/Service line Performance Analysis: Analyze performance metrics, including sales data, customer feedback, and market share, to identify areas for improvement and optimization. Collaborate with cross-functional teams to develop strategies to enhance offering competitiveness and profitability.
- Business Process Optimization: Evaluate existing business processes and workflows to identify inefficiencies and areas for optimization. Work closely with stakeholders to streamline processes, improve operational efficiency, and drive cost savings initiatives.
- Regulatory Compliance: Stay informed about regulatory requirements and industry standards impacting the Medtech sector, including FDA regulations, ISO standards, and other relevant guidelines. Ensure that business processes and products adhere to regulatory requirements and compliance standards.
- Data-driven Decision Making: Utilize data analysis tools and techniques to analyze large datasets, extract meaningful insights, and support data-driven decision-making processes. Develop and maintain dashboards, reports, and analytics to monitor key performance indicators and track business performance.
- Requirement Gathering: Collaborate with stakeholders to elicit and document business requirements for new product development, software solutions, and process improvements. Translate business requirements into technical specifications and user stories for implementation by development teams.
- Cross-functional Collaboration: Work closely with cross-functional teams, including product development, marketing, sales, operations, and regulatory affairs, to align business objectives, prioritize initiatives, and drive successful execution of strategic projects.
- Continuous Improvement: Proactively identify opportunities for continuous improvement and innovation within the organization. Recommend and implement best practices, tools, and methodologies to enhance business processes, increase productivity, and drive business growth.
- Strategic Planning: Assist in the development of strategic plans, business cases, and growth initiatives for the North American market. Conduct scenario analysis, market forecasting, and risk assessments to support strategic decision-making and resource allocation.
Qualifications:
- Master’s degree in Business Administration, Economics, Engineering, or related field. - MBA preferred.
- 2 years of experience as a Business Analyst in the Medtech industry or a related field.
- Strong analytical skills with proficiency in data analysis tools such as Excel, SQL, and business intelligence platforms.
- In-depth knowledge of the Medtech industry, including market trends, regulatory requirements, and technological advancements.
- Excellent communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels of the organization.
- Proven track record of driving business results through data-driven insights, strategic analysis, and cross-functional collaboration.
- Certification in Business Analysis (e.g., CBAP) or relevant industry certifications is a plus.
Job location: Minneapolis, MN - USA
Job Code: Business Analyst - Medtech Industry
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