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- Tasks: Become a key player in the commercial insurance policy lifecycle, from quoting to renewals.
- Company: Join Apsida Life Science, a leader in specialty insurance and reinsurance solutions.
- Benefits: Enjoy a hybrid work model with flexible office days and a supportive team environment.
- Why this job: Make an impact by improving business processes and collaborating with diverse stakeholders.
- Qualifications: Bring your experience in commercial insurance and strong analytical skills to the table.
- Other info: This is a 12-month contract role with opportunities for professional growth.
The predicted salary is between 43200 - 72000 £ per year.
Location: London
Duration: 12-month contract (Hybrid - Should be able to travel to the office 2 days/week or as needed)
Company Overview: Apsida Life Science is currently partnering with a leading global provider of specialty insurance and reinsurance solutions. This organization offers a broad range of products designed to manage complex and emerging risks.
Responsibilities:
- Serve as a subject matter expert on the commercial insurance policy lifecycle, including quoting, binding, endorsements, renewals, and cancellations.
- Analyze and document business processes, identifying areas for improvement and automation within our Policy Administration System.
- Collaborate with business stakeholders to gather, refine, and document business requirements for system enhancements and new projects.
- Translate business needs into clear, concise functional and technical specifications for our development teams.
- Act as a liaison between business users and IT teams, ensuring clear communication and alignment on project goals.
- Support system testing, including creating test cases, performing user acceptance testing (UAT), and validating system functionality against business requirements.
- Provide training and support to business users on new system features and processes.
- Utilize SQL to query data, analyze system behaviour, and support reporting needs.
- Stay current with industry trends and best practices in commercial insurance and Policy Administration Systems.
Qualifications:
- Proven experience as a Business Analyst in the commercial insurance sector is required.
- Extensive knowledge of the end-to-end commercial insurance policy lifecycle.
- Hands-on experience with Policy Administration Systems is a must.
- Strong understanding of insurance business processes and workflows.
- Excellent analytical, problem-solving, and communication skills.
- Proficiency in writing clear and comprehensive business and functional requirements.
- Experience with Agile or other project management methodologies.
- Strong SQL knowledge for data analysis and querying is highly beneficial.
- A bachelor’s degree in Business, Information Technology, or a related field, or equivalent work experience.
Senior Business Analyst (commercial insurance policy lifecycle) employer: Apsida Life Science
Contact Detail:
Apsida Life Science Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Analyst (commercial insurance policy lifecycle)
✨Tip Number 1
Familiarise yourself with the commercial insurance policy lifecycle. Understanding the nuances of quoting, binding, endorsements, renewals, and cancellations will help you stand out as a knowledgeable candidate during discussions.
✨Tip Number 2
Network with professionals in the commercial insurance sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at Apsida Life Science.
✨Tip Number 3
Brush up on your SQL skills. Since the role requires data analysis and querying, being able to demonstrate your proficiency in SQL during interviews will give you an edge over other candidates.
✨Tip Number 4
Prepare to discuss your experience with Policy Administration Systems. Be ready to share specific examples of how you've improved processes or contributed to system enhancements in your previous roles.
We think you need these skills to ace Senior Business Analyst (commercial insurance policy lifecycle)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Business Analyst in the commercial insurance policy lifecycle. Familiarise yourself with key terms and processes mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in the commercial insurance sector. Emphasise your knowledge of the policy lifecycle, your analytical skills, and any hands-on experience with Policy Administration Systems.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the industry. Mention specific experiences that align with the job requirements, such as your proficiency in SQL or your experience with Agile methodologies.
Highlight Relevant Skills: In your application, clearly outline your skills that are pertinent to the role, such as your ability to document business processes, communicate effectively with stakeholders, and support system testing. Use examples to demonstrate these skills.
How to prepare for a job interview at Apsida Life Science
✨Know Your Insurance Lifecycle
Make sure you have a solid understanding of the commercial insurance policy lifecycle. Be prepared to discuss each stage, from quoting to cancellations, and how your experience aligns with these processes.
✨Showcase Your Analytical Skills
Prepare examples that demonstrate your analytical and problem-solving abilities. Highlight specific instances where you've identified areas for improvement in business processes or successfully implemented automation.
✨Communicate Clearly
As a liaison between business users and IT teams, clear communication is key. Practice articulating complex ideas simply and concisely, ensuring you can convey technical specifications effectively.
✨Brush Up on SQL
Since strong SQL knowledge is beneficial for this role, be ready to discuss your experience with querying data and analysing system behaviour. Consider preparing a few examples of how you've used SQL in past projects.
