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- Tasks: Gather and document business requirements while supporting digital solutions in insurance.
- Company: Join a leading firm in the London Market insurance sector, driving innovation and modernisation.
- Benefits: Enjoy hybrid work options and opportunities for professional development.
- Why this job: Be part of impactful projects like Lloyd's Blueprint 2 and enhance your skills in a dynamic environment.
- Qualifications: Minimum 12 months in insurance or broking; degree in Business, IT, or related field preferred.
- Other info: Experience with Agile methodologies and Microsoft tools is a plus.
The predicted salary is between 48000 - 72000 £ per year.
We are seeking a dynamic Business Analyst with a strong understanding of London Market insurance operations. The successful candidate will work closely with stakeholders to gather and translate business requirements, support platform implementation, and help drive modernisation initiatives including Lloyd's Blueprint 2.
They are specifically looking for an individual with placing experience from a broking perspective (Pre-Bind). It is essential that the candidate understands and can communicate confidently with brokers, bringing a clear understanding of how the placing process works within a broking context. This is a key role interfacing between business users and technical teams to ensure delivery of impactful digital solutions.
Key Responsibilities- Requirements Gathering: Work with stakeholders across the business to elicit, define and document functional and non-functional requirements for platform solutions.
- Process Analysis: Analyse existing business processes related to risk placement and recommend improvements to support digital.
- Stakeholder Engagement: Act as a liaison between business users and technical teams to ensure alignment on goals and priorities.
- Project Support: Contribute to delivery of strategic initiatives including the implementation of Microsoft-based platform solutions and market-wide programmes like Lloyd's Blueprint.
- Documentation & Communication: Produce clear business requirements documents, process flows, use cases and support documentation to aid development.
- Minimum 12 months' experience in insurance, broking, underwriting or a related IT.
- Proven experience gathering and documenting business requirements.
- Strong understanding of the broking placing process, ideally with pre-bind placing.
- Familiarity with Microsoft's technology stack (e.g., Power BI, Teams, Microsoft Fabric) is desirable.
- Strong communication and interpersonal skills, with the ability to engage stakeholders at all levels.
- Solid problem-solving skills and a proactive, analytical approach.
- Experience working with Agile methodologies and tools such as JIRA and Confluence is a plus.
- Bachelor's degree in a relevant discipline (e.g., Business, IT, or Insurance-related field) or equivalent.
- Professional certifications (e.g., BCS Business Analysis, CII qualifications) are desirable or a willingness to pursue.
Contact Detail:
Venquis Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst
✨Tip Number 1
Familiarise yourself with the London Market insurance operations and the placing process. Understanding the nuances of broking, especially pre-bind placing, will help you communicate effectively with stakeholders and demonstrate your expertise during discussions.
✨Tip Number 2
Network with professionals in the insurance and broking sectors. Attend industry events or webinars to connect with potential colleagues and learn about current trends. This can provide valuable insights and may even lead to referrals for the position.
✨Tip Number 3
Brush up on your skills with Microsoft’s technology stack, particularly Power BI and Teams. Being proficient in these tools will not only enhance your application but also show that you're ready to contribute to the team from day one.
✨Tip Number 4
Prepare to discuss your experience with Agile methodologies and tools like JIRA and Confluence. Highlighting your familiarity with these practices will demonstrate your ability to adapt to the company’s working style and contribute to project success.
We think you need these skills to ace Business Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in insurance, broking, and underwriting. Emphasise your understanding of the placing process and any specific projects you've worked on that relate to the role.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate why you're interested in the Business Analyst position. Mention your experience with stakeholders and how you can contribute to modernisation initiatives like Lloyd's Blueprint 2.
Showcase Relevant Skills: Highlight your familiarity with Microsoft technologies such as Power BI and Teams. If you have experience with Agile methodologies or tools like JIRA and Confluence, make sure to include that as well.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Business Analyst role.
How to prepare for a job interview at Venquis
✨Understand the London Market Insurance Operations
Make sure you have a solid grasp of how the London Market operates, especially in relation to broking and placing processes. This knowledge will help you communicate effectively with stakeholders and demonstrate your expertise during the interview.
✨Prepare for Requirements Gathering Questions
Expect questions about how you gather and document business requirements. Be ready to discuss your previous experiences and provide examples of how you've successfully elicited information from stakeholders in the past.
✨Showcase Your Communication Skills
Since this role involves liaising between technical teams and business users, highlight your strong communication skills. Prepare to discuss how you've engaged with different stakeholders and ensured alignment on project goals.
✨Familiarise Yourself with Relevant Tools
Brush up on your knowledge of Microsoft technologies like Power BI and Teams, as well as Agile methodologies. Being able to discuss your experience with tools like JIRA and Confluence will set you apart from other candidates.
