General Insurance / Pricing Business Analyst - Insurtech - London
General Insurance / Pricing Business Analyst - Insurtech - London

General Insurance / Pricing Business Analyst - Insurtech - London

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Review client processes to identify risks and improve efficiency in insurance products.
  • Company: Join a vibrant insurtech scale-up with exciting growth after securing Series A funding.
  • Benefits: Enjoy opportunities for advanced qualifications and skills development in a dynamic environment.
  • Why this job: Be part of a cutting-edge team shaping the future of insurance technology.
  • Qualifications: BSc or MSc in analytical subjects; insurance experience is a plus but not mandatory.
  • Other info: Work with Agile methodologies and gain exposure to product development and project management.

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

My client is a vibrant scale-up who have just secured Series A funding and are looking to expand greatly over the coming years. They specialise in the insurance sector and are in need of an additional Senior Business Analyst with plenty of experience in the insurance space to help them develop their two key products.

Summary of role: The Business Analyst is responsible for reviewing assigned client business processes from end-to-end to identify and address operational, financial and technological risks. Identify opportunities to improve efficiency. Liaise with software team to provide the most efficient solution. This role will work in the General Insurance space, specifically helping them to develop their product.

Experience of:

  • BSc or MSc in analytical subject e.g. Mathematics, Sciences, Engineering is required
  • Insurance - either in an underwriting, actuarial or systems capacity would be beneficial
  • Prefer London Market experience either directly within Lloyd’s or one of the Managing Agents or Delegated Authorities but not necessary
  • Advanced knowledge of MS Excel including VBA and User Defined Functions is essential
  • Insurance pricing model techniques
  • Experience in Word and Powerpoint
  • R or Python experience beneficial but not required
  • Client requirement gathering exercises such as 1 to 1 meetings and workshops
  • Experience creating specifications and using advanced specification techniques including various technical diagrams required for software builds
  • Experience and knowledge of Behaviour-Driven Development (BDD) in Gherkin syntax
  • Solid Agile BA experience
  • Product development and the life cycle of a software product
  • Project planning software such as TeamGantt
  • Ticket tracking software such as JIRA and Agile workflows

Additional skills and qualifications you will develop as a Business Analyst and into future roles:

  • Continue to develop your understanding of the dependencies between elements of a project through running daily meetings with developers, business analysts and clients.
  • Be able to understand client priorities and how these relate to software deliverables through running meaningful and structured meetings
  • Client/project management skills required to keep clients happy and projects on track
  • Advanced BA qualifications provided and funded depending on your specialisation (industry specific, project management, product development etc.)
  • Advanced product/project management skills based on the path taken

General Insurance / Pricing Business Analyst - Insurtech - London employer: The Workplace Consultancy

Join a dynamic scale-up in the heart of London, where innovation meets opportunity in the insurance sector. As a Senior Business Analyst, you'll thrive in a collaborative work culture that prioritises employee growth and development, offering advanced qualifications and hands-on experience in product development. With the excitement of a newly funded company, you will play a pivotal role in shaping cutting-edge insurance solutions while enjoying the unique advantages of working in one of the world's most vibrant cities.
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Contact Detail:

The Workplace Consultancy Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land General Insurance / Pricing Business Analyst - Insurtech - London

✨Tip Number 1

Familiarise yourself with the latest trends in the insurance sector, especially in insurtech. Understanding how technology is reshaping the industry will help you stand out during discussions and interviews.

✨Tip Number 2

Network with professionals in the London Market, particularly those involved with Lloyd's or managing agents. Attend industry events or webinars to make connections that could lead to referrals or insider information about the role.

✨Tip Number 3

Brush up on your MS Excel skills, particularly VBA and User Defined Functions. Being able to demonstrate advanced proficiency in these areas can significantly enhance your appeal as a candidate.

✨Tip Number 4

Gain hands-on experience with Agile methodologies and tools like JIRA. Familiarity with these practices will not only prepare you for the role but also show your commitment to working in a dynamic environment.

We think you need these skills to ace General Insurance / Pricing Business Analyst - Insurtech - London

Analytical Skills
Insurance Pricing Model Techniques
Advanced MS Excel (including VBA and User Defined Functions)
Client Requirement Gathering
Specification Creation
Technical Diagramming
Behaviour-Driven Development (BDD) in Gherkin Syntax
Agile Methodologies
Product Development Lifecycle
Project Planning Software (e.g., TeamGantt)
Ticket Tracking Software (e.g., JIRA)
Communication Skills
Problem-Solving Skills
Stakeholder Management
Attention to Detail

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in the insurance sector, particularly any roles related to underwriting, actuarial work, or systems. Emphasise your analytical skills and any specific projects that align with the job description.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience with insurance pricing models and any familiarity with Agile methodologies. Be sure to connect your background to the specific requirements listed in the job description.

Showcase Technical Skills: Highlight your advanced knowledge of MS Excel, including VBA and User Defined Functions. If you have experience with R or Python, mention it as well, even if it's not required. This will demonstrate your technical proficiency and ability to contribute to product development.

Prepare for Client Interaction: Since the role involves client requirement gathering, prepare examples of how you've successfully managed client relationships in the past. Discuss your experience running meetings and workshops, and how you've used these to gather requirements effectively.

How to prepare for a job interview at The Workplace Consultancy

✨Showcase Your Analytical Skills

As a Business Analyst, your analytical skills are crucial. Be prepared to discuss specific examples where you've identified operational or financial risks and how you addressed them. Highlight your experience with insurance pricing models and any relevant analytical tools you've used.

✨Familiarise Yourself with Agile Methodologies

Since the role requires solid Agile BA experience, make sure you understand Agile principles and can discuss how you've applied them in past projects. Be ready to talk about your experience with tools like JIRA and how you've contributed to Agile workflows.

✨Prepare for Technical Discussions

Given the technical nature of the role, brush up on your knowledge of MS Excel, VBA, and any programming languages like R or Python. Be ready to explain how you've used these tools in previous roles, especially in relation to insurance product development.

✨Demonstrate Client Management Skills

Client management is key in this position. Prepare to share examples of how you've successfully gathered client requirements through meetings and workshops. Discuss how you've kept clients happy and projects on track, showcasing your communication and project management skills.

General Insurance / Pricing Business Analyst - Insurtech - London
The Workplace Consultancy
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