Senior Business Analyst - Re Insurance
Senior Business Analyst - Re Insurance

Senior Business Analyst - Re Insurance

Full-Time 60000 - 80000 £ / year (est.) No home office possible
Albany Beck

At a Glance

  • Tasks: Lead discovery initiatives and shape the future of policy administration in Reinsurance.
  • Company: Dynamic organisation focused on transforming London Markets and Reinsurance operations.
  • Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
  • Why this job: Make a real impact by improving processes and driving innovation in the insurance industry.
  • Qualifications: Experience in London Markets, Reinsurance, and strong analytical skills required.
  • Other info: Collaborative environment with a focus on automation and efficiency.

The predicted salary is between 60000 - 80000 £ per year.

We are seeking an experienced Senior Business Analyst with deep London Markets and Reinsurance experience to lead a major business and systems discovery initiative. This role is critical to shaping the future operating model and policy administration capability across the organisation. The current environment is highly manual and at an early discovery phase, therefore we need a strong, hands‑on BA who can quickly understand the business, challenge existing processes, and drive clarity across multiple stakeholder groups. The successful candidate must have expertise across London Market and Reinsurance operations, underwriting processes, and the end‑to‑end policy lifecycle.

A key focus of the role will be the assessment, documentation, and future‑state design of the existing Policy Administration System (PAS), including extensive analysis of current capabilities, gaps, process inefficiencies, and future scalability requirements.

Key Responsibilities
  • Lead discovery workshops and requirements gathering sessions across business and technology teams.
  • Build a detailed understanding of the current operating model, manual processes, and existing system landscape.
  • Elicit, document, and validate business, functional, non‑functional, and data requirements.
  • Analyse and document the end‑to‑end insurance lifecycle, including:
  • Submission
  • Quotation
  • Binding
  • Policy administration
  • Claims interfaces
  • Finance and settlement interactions
  • Work extensively with stakeholders across:
    • Finance
    • Operations
    • Change / Transformation
    • Technology
    • Data
  • Act as the bridge between business and technical teams, ensuring requirements are clearly understood and translated into deliverable outcomes.
  • Produce high‑quality documentation including:
    • Business Requirements Documents (BRDs)
    • Functional Specifications
    • User Stories
    • Process Maps
    • Gap Analysis
    • Current vs Future State Assessments
    • Data Mapping and Process Flows
  • Challenge current manual ways of working and identify opportunities for automation, simplification, and improved controls.
  • Support the definition of a future‑state PAS and target operating model.
  • Facilitate prioritisation of requirements and help shape the roadmap for phased delivery.
  • Work closely with project managers, solution architects, finance stakeholders, underwriting teams, and PAS vendors.
  • Required Experience
    • Significant experience as a Senior Business Analyst within London Markets and/or Reinsurance.
    • Strong understanding of insurance products, policy administration, underwriting, finance, and operational processes.
    • Proven experience working on large‑scale transformation, discovery, or systems implementation programmes.
    • Extensive requirements gathering and workshop facilitation experience.
    • Strong experience documenting current and future state business processes.
    • Experience working in highly manual environments and defining improvement opportunities.
    • Demonstrable experience working with Finance and Underwriting stakeholders.
    • Strong PAS experience is essential.
    • Experience delivering multi‑currency requirements and finance‑related system changes is highly desirable.

    Senior Business Analyst - Re Insurance employer: Albany Beck

    Join a forward-thinking organisation that values innovation and collaboration, where your expertise as a Senior Business Analyst in Reinsurance will directly influence the future of our operations. Located in the heart of London, we offer a dynamic work culture that encourages professional growth through hands-on projects and cross-functional teamwork. With a commitment to employee development and a focus on transforming manual processes into streamlined solutions, this is an exceptional opportunity for those looking to make a meaningful impact in the insurance industry.
    Albany Beck

    Contact Detail:

    Albany Beck Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Senior Business Analyst - Re Insurance

    ✨Tip Number 1

    Network like a pro! Reach out to your connections in the London Markets and Reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!

    ✨Tip Number 2

    Prepare for those interviews by brushing up on your knowledge of policy administration systems and the end-to-end insurance lifecycle. Be ready to discuss how you can challenge existing processes and drive clarity among stakeholders. Show them you’re the hands-on BA they need!

    ✨Tip Number 3

    When you get the chance, ask insightful questions during interviews. This shows your genuine interest in the role and helps you understand their current challenges. Plus, it’s a great way to demonstrate your analytical skills right off the bat!

    ✨Tip Number 4

    Don’t forget to apply through our website! We’ve got loads of opportunities that match your skills. Plus, applying directly can sometimes give you an edge over other candidates. Let’s get you that dream job together!

    We think you need these skills to ace Senior Business Analyst - Re Insurance

    London Markets Experience
    Reinsurance Expertise
    Business Analysis
    Requirements Gathering
    Stakeholder Management
    Process Mapping
    Policy Administration System (PAS)
    End-to-End Insurance Lifecycle Analysis
    Documentation Skills
    Transformation Programme Experience
    Workshop Facilitation
    Operational Process Improvement
    Multi-Currency Requirements
    Finance and Underwriting Knowledge

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV speaks directly to the role of Senior Business Analyst in Reinsurance. Highlight your experience in London Markets and any relevant projects you've led that showcase your skills in business and systems discovery.

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the key responsibilities, like leading workshops or documenting processes.

    Showcase Your Analytical Skills: In your application, don’t forget to highlight your analytical prowess. Talk about how you've tackled complex problems in previous roles, especially in manual environments, and how you’ve driven clarity across stakeholder groups.

    Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!

    How to prepare for a job interview at Albany Beck

    ✨Know Your Stuff

    Make sure you brush up on your knowledge of London Markets and Reinsurance. Understand the end-to-end policy lifecycle and be ready to discuss how you've tackled similar challenges in the past. This will show that you're not just familiar with the terms, but you can also apply them practically.

    ✨Prepare for Discovery Workshops

    Since leading discovery workshops is a key part of the role, think about how you would facilitate these sessions. Prepare some questions that could help elicit requirements from stakeholders and consider how you would document the findings effectively. This will demonstrate your hands-on approach and ability to drive clarity.

    ✨Showcase Your Documentation Skills

    Be ready to talk about your experience with producing high-quality documentation like BRDs and process maps. Bring examples if possible! Highlight how your documentation has helped bridge gaps between business and technical teams in previous roles.

    ✨Challenge the Status Quo

    Think about ways you can challenge existing processes and suggest improvements. Be prepared to discuss specific instances where you've identified inefficiencies and proposed automation or simplification. This will show that you’re proactive and focused on driving change.

    Senior Business Analyst - Re Insurance
    Albany Beck

    Land your dream job quicker with Premium

    You’re marked as a top applicant with our partner companies
    Individual CV and cover letter feedback including tailoring to specific job roles
    Be among the first applications for new jobs with our AI application
    1:1 support and career advice from our career coaches
    Go Premium

    Money-back if you don't land a job in 6-months

    >