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For Companies At a Glance
- Tasks: Drive business growth and operational efficiency as a Business Analyst in the insurance sector.
- Company: Join a leading Bermuda-based Managing General Underwriter with global operations in specialty insurance.
- Benefits: Enjoy excellent pay, exceptional benefits, bonuses, and a hybrid work model.
- Why this job: Be part of a dynamic team, tackling innovative projects and making impactful contributions.
- Qualifications: 3-4 years of Business Analysis experience in insurance; degree in relevant fields required.
- Other info: Opportunity to work with niche teams on complex transactions and enhance your analytical skills.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Business Analyst
Presigious Insurer
London/Croydon split 5 days office
£Excellent + Exceptional Benefits + Bonus
About us
A leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products.
One of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics.
Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.
The role
A business platform helping insurance teams to grow. They provide a wrap-around set of support functions and delivers best in class service across executive management, consultancy, finance, compliance, and IT.
Works with highly motivated niche insurance teams that deal in complicated and innovative transactions. Pine Walk is
As a Business Analyst, you will be instrumental in driving business growth and operational efficiency.
Your role will sit within the Systems and Data team, working closely with the various teams and MGA clients across the platform to deliver new processes and system developments.
You will be key to ensuring that solutions are well designed and maintainable and the development process is well governed throughout.
The successful candidate will not only bring core Business Analysis skills but is expected to possess a good level of technical knowledge and ideally an understanding of the insurance industry, allowing them to proactively contribute to the analysis of opportunities and the design and implementation of solutions when delivering changes or projects across the business.
Key accountabilities
Requirements Gathering and Analysis:
- Collaborate with stakeholders to comprehensively understand and document business objectives, processes, and requirements.
- Conduct thorough analysis to pinpoint gaps, opportunities, and areas for improvement.
Data Analysis and Reporting
- Leverage advanced analytical tools and techniques to extract, analyse, and interpret complex data sets.
- Generate comprehensive reports and intuitive dashboards to support informed decision-making processes.
Process Analysis & Documentation
- "AS-IS" analysis and design of the "TO-BE" processes, data flows and operating models.
- Responsible for facilitating workshops with external and internal stakeholders from across the organisation.
- Production of high quality deliverables e.g. process maps, user journeys and wireframes
Opportunity Analysis – triage
- Work with business SMEs to analyse the feasibility, potential costs and benefits of opportunities identified.
- Conduct Technical and feasibility analysis of existing systems and potential technology solutions as they relate to new change and project requests – including a pipeline of small changes and projects.
Communication and Stakeholder Management
- Analyse roles and responsibilities for project delivery and prepare appropriate RACI analysis.
- Ensure issues are identified, analysed and resolution options are clearly communicated to the project manager and stakeholders
- Ensure progress is clearly communicated to project managers across the wider group where relevant
Skills & experience
- 3-4 years demonstrable Business Analysis experience in the insurance industry.
- A curious and analytical mindset, with a willingness to learn and take advantage of opportunities.
- Strong influencing and decision-making skills, showing clear leadership when it comes to driving out the definition of a problem and its solution.
- Excellent communication, negotiation, and interpersonal skills with an ability to challenge stakeholders in a constructive manner.
- Demonstrated ability to adapt to changing priorities and manage multiple projects simultaneously.
- University degree in Business Administration, Finance, Information Technology, or related disciplines.
- Industry Standard Business Analysis credentials and CII qualifications
Business Analyst employer: Avencia Consulting Services Ltd
Contact Detail:
Avencia Consulting Services Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst
✨Tip Number 1
Familiarize yourself with the insurance industry, especially the specific products and services offered by managing general underwriters. This knowledge will help you speak confidently about how your skills can contribute to the company's goals.
✨Tip Number 2
Network with professionals in the insurance sector, particularly those who work in business analysis roles. Engaging with them can provide insights into the company culture and expectations, which can be invaluable during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data analysis tools in previous roles. Highlighting your technical skills and experience with complex data sets will demonstrate your capability to handle the responsibilities of this position.
✨Tip Number 4
Showcase your ability to facilitate workshops and communicate effectively with stakeholders. Being able to illustrate your experience in gathering requirements and managing stakeholder expectations will set you apart from other candidates.
We think you need these skills to ace Business Analyst
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Business Analyst position. Understand the key responsibilities and required skills, especially those related to the insurance industry and business analysis.
Tailor Your CV: Customize your CV to highlight relevant experience in business analysis and the insurance sector. Emphasize your analytical skills, technical knowledge, and any specific projects that align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention specific experiences that demonstrate your ability to gather requirements, analyze data, and communicate effectively with stakeholders.
Highlight Relevant Skills: In your application, make sure to emphasize your strong influencing and decision-making skills, as well as your ability to adapt to changing priorities. Provide examples of how you've successfully managed multiple projects in the past.
How to prepare for a job interview at Avencia Consulting Services Ltd
✨Understand the Insurance Industry
Make sure to brush up on your knowledge of the insurance industry, especially in relation to business analysis. Familiarize yourself with key terms and concepts that are relevant to the role, as this will help you engage more effectively with interviewers.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've successfully gathered requirements, conducted data analysis, or improved processes. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your analytical mindset.
✨Communicate Clearly and Effectively
Since strong communication skills are essential for this role, practice articulating your thoughts clearly. Be ready to explain complex ideas in simple terms, and demonstrate your ability to negotiate and influence stakeholders during the interview.
✨Demonstrate Adaptability
Be prepared to discuss how you've managed multiple projects or adapted to changing priorities in the past. This will show your potential employer that you can thrive in a dynamic environment and handle the demands of the role.
