Business Analyst (Reinsurance) - Insurance Consulting
Business Analyst (Reinsurance) - Insurance Consulting

Business Analyst (Reinsurance) - Insurance Consulting

London Full-Time 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join a dynamic team to analyse and improve reinsurance processes for top clients.
  • Company: Cognizant is a leading IT and consulting firm, helping businesses thrive globally.
  • Benefits: Enjoy a full-time role with opportunities for travel and professional growth.
  • Why this job: Be part of an entrepreneurial culture that values innovation and client relationships.
  • Qualifications: Experience in reinsurance and business analysis is essential; degree preferred.
  • Other info: Contribute to impactful projects while working with a diverse, global team.

The predicted salary is between 36000 - 60000 £ per year.

Business Analyst (Reinsurance) – Insurance Consulting Join to apply for the Business Analyst (Reinsurance) – Insurance Consulting role at Cognizant Business Analyst (Reinsurance) – Insurance Consulting Join to apply for the Business Analyst (Reinsurance) – Insurance Consulting role at Cognizant Get AI-powered advice on this job and more exclusive features. The Company Cognizant (NASDAQ:CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world\’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant has over 340,000 employees as of January 2024. Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 1000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. The Company Cognizant (NASDAQ:CTSH) is a leading provider of information technology, consulting, and business process outsourcing services, dedicated to helping the world\’s leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant has over 340,000 employees as of January 2024. Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 1000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Cognizant Insurance Consulting Cognizant’s Insurance Consulting unit is seeking talented consultants with extensive business analysis and consultative experience of executing large scale business change and IT solutions for General Insurance UK & European Insurance clients. This role provides an opportunity to join a rapidly growing, high energy and entrepreneurial team working with leading UK & Europe based Insurance clients. Work within a high energy and entrepreneurial Business & Technology Consulting Practice providing end to end Business Analysis services to UK & Ireland based Insurance clients. The role will focus on providing Re-Insurance clients with excellent business & technology Business Analysis services while at the same time contribute to delivering a major Global Reinsurance program. It will also entail developing strong customer relationship and be a ‘Go-To’ person that client wants to bring back for future engagements. Essential Skills & Experience Strong experience in Reinsurance / General Insurance Extensive or expert level Reinsurance knowledge is must Knowledge / work experience across reinsurance value chain Performed Business Analysis roles on complex Business & Technology Transformation Programmes, within Insurance clients; assisting them achieve their business, technology, strategic and operational goals Lead program discovery and analysis workshops. Able to gather, prioritize, analyze, specify and validate requirements including the facilitation & co-ordination of user workshops Previous experience in effectively defining problem/scope, gathering/analyzing data, and structuring recommendations, creating presentations, and making compelling recommendations to clients An appreciation for both business and technical requirements and the ability to bridge the gap between the two Full project life-cycle experience Business Analysis experience – with demonstrable knowledge of different project life cycles: waterfall, agile; with hands on experience in agile (Scrum) Experience of working in matrix environment and able to provide examples of proactively building and winning trust of relevant business/IT stakeholders Previous experience of working in a similar capacity in other Consultancy or Insurance Industry Personal Attributes A ‘best practice practitioner’ Business Analyst (BA), with outstanding full project lifecycle Business Analysis skills Able to work on simultaneous projects Comfortable working in a team, building strong relationships with clients and colleagues as well as on your own Stay aligned with Reinsurance business strategy, provide suggestions to improve solution, and assist with direction of roadmap. Comfortable facilitating workshops, e.g. to develop business requirements Organized and able to prioritize competing responsibilities Excellent engagement, communication skills (both written and verbal) and numeracy skills, able to deliver a concise message Proficient in use of MS Visio and MS office suite, specifically excel Self-motivated, actively seeks responsibility and driven to achieve results Ability to challenge the status quo and disrupt thinking, suggesting viable alternatives Creative thinker, able to quickly analyze complex problems and identify appropriate solutions underpinned by logic and analytic approach Open-minded and pragmatic, willing to work with the tools available on assignment, or build them from scratch if required Demonstrable accuracy and attention to detail Ability to work independently and ensure successful delivery of assigned tasks Ability to work effectively under pressure and to tight deadlines Degree educated or have a recognized business professional qualification Willing to Travel to client sites across UK &I Mon-Friday Contribution to Development of Practice: Support practice management activities such as Proposition or Solution Development, Community & Communications, Sales & Operations Management Contribute to Insurance / Reinsurance Industry thought provoking ‘points of view’ or ‘white papers’ Desirable Skills & Experience Experience of working in Reinsurance COTS product like Sapiens or SAP Experience of working within Agile delivery environments Experience of working in global delivery environment and with distributed teams Experience in configuring off the shelf system and integration with the existing applications Formal Business Analysis (ISEB), Insurance domain accreditation Experience of working with SQL scripting and data analysis is desirable Industry Experience Re insurance / General Insurance and corresponding functional domains. Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Research, Analyst, and Information Technology Industries IT Services and IT Consulting and Business Consulting and Services Referrals increase your chances of interviewing at Cognizant by 2x Sign in to set job alerts for “Business Analyst” roles. We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr

Business Analyst (Reinsurance) - Insurance Consulting employer: Cognizant

Cognizant is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within its Insurance Consulting unit. Employees benefit from extensive professional development opportunities, a supportive culture that values diverse perspectives, and the chance to work with leading UK and European insurance clients on impactful projects. With a commitment to employee growth and a focus on delivering cutting-edge solutions, Cognizant stands out as a rewarding place for those seeking meaningful careers in business analysis.
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Contact Detail:

Cognizant Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Business Analyst (Reinsurance) - Insurance Consulting

Tip Number 1

Familiarise yourself with the latest trends and challenges in the reinsurance industry. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the field, making you a more attractive candidate.

Tip Number 2

Network with professionals already working in insurance consulting or reinsurance roles. Attend industry events or join relevant online forums to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.

Tip Number 3

Prepare to discuss specific examples from your past experience that showcase your business analysis skills, particularly in complex projects. Be ready to explain how you’ve successfully bridged the gap between business and technical requirements.

Tip Number 4

Research Cognizant’s recent projects and initiatives in the insurance sector. Understanding their approach and values will allow you to tailor your discussions and show how your skills align with their goals, increasing your chances of landing the job.

We think you need these skills to ace Business Analyst (Reinsurance) - Insurance Consulting

Strong experience in Reinsurance / General Insurance
Extensive knowledge of the reinsurance value chain
Business Analysis on complex Business & Technology Transformation Programmes
Facilitation of program discovery and analysis workshops
Requirements gathering, prioritisation, analysis, specification, and validation
Defining problem/scope and structuring recommendations
Full project life-cycle experience
Knowledge of different project life cycles: waterfall and agile
Experience in agile methodologies (Scrum)
Building trust with business/IT stakeholders
Excellent engagement and communication skills (written and verbal)
Proficient in MS Visio and MS Office Suite, especially Excel
Self-motivated and results-driven
Creative problem-solving and analytical skills
Attention to detail and accuracy
Ability to work independently and under pressure
Degree educated or recognised business professional qualification
Willingness to travel to client sites across the UK & Ireland
Experience with Reinsurance COTS products like Sapiens or SAP
Experience in Agile delivery environments
Familiarity with SQL scripting and data analysis

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in reinsurance and business analysis. Use keywords from the job description to demonstrate that you meet the essential skills and experience required for the role.

Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the reinsurance industry and your ability to bridge business and technical requirements. Mention specific examples of past projects where you've successfully led business analysis efforts.

Showcase Your Problem-Solving Skills: In your application, provide examples of how you've tackled complex problems in previous roles. Highlight your analytical approach and any tools or methodologies you've used, such as Agile or Waterfall.

Highlight Communication Skills: Since excellent communication is key for this role, ensure your application reflects your ability to engage with clients and stakeholders. Mention any experience facilitating workshops or presenting findings to diverse audiences.

How to prepare for a job interview at Cognizant

Showcase Your Reinsurance Knowledge

Make sure to highlight your extensive knowledge of the reinsurance value chain during the interview. Be prepared to discuss specific experiences where you successfully applied this knowledge in previous roles, as it will demonstrate your expertise and suitability for the position.

Prepare for Business Analysis Scenarios

Expect to be asked about your experience with business analysis on complex projects. Prepare examples that showcase your ability to gather, prioritise, and validate requirements, as well as how you've facilitated workshops to achieve project goals.

Demonstrate Your Communication Skills

Strong communication skills are essential for this role. Practice articulating your thoughts clearly and concisely, both verbally and in writing. You may be asked to present a case study or solution, so ensure you can convey your ideas effectively.

Emphasise Your Teamwork and Relationship-Building Abilities

Cognizant values collaboration and strong client relationships. Be ready to share examples of how you've built trust with stakeholders and worked effectively in teams. Highlight any experiences where you’ve contributed to a positive team dynamic or resolved conflicts.

Business Analyst (Reinsurance) - Insurance Consulting
Cognizant
Location: London
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  • Business Analyst (Reinsurance) - Insurance Consulting

    London
    Full-Time
    36000 - 60000 £ / year (est.)
  • C

    Cognizant

    50-100
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