Senior Business Analyst (commercial insurance policy lifecycle)
Senior Business Analyst (commercial insurance policy lifecycle)

Senior Business Analyst (commercial insurance policy lifecycle)

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Become a key player in the commercial insurance policy lifecycle, enhancing processes and collaborating with teams.
  • Company: Join Apsida Life Science, a leading recruitment firm connecting talent with the life science industry.
  • Benefits: Enjoy a hybrid work model with flexibility and opportunities for professional growth.
  • Why this job: Make an impact in a dynamic field while working with innovative teams and cutting-edge technology.
  • Qualifications: Bring your experience in commercial insurance and strong analytical skills to drive meaningful change.
  • Other info: This is a 12-month contract role based in London, requiring occasional office visits.

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

Apsida Life Science is an exceptional employer, offering a dynamic work environment in the heart of London that fosters collaboration and innovation. With a strong focus on employee growth, we provide opportunities for professional development and training, ensuring our team members are equipped to excel in their roles. Our hybrid working model promotes a healthy work-life balance, while our commitment to the life science sector allows you to contribute to meaningful projects that make a real impact.
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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 speak confidently about your expertise during interviews.

✨Tip Number 2

Network with professionals in the insurance sector, especially those who work with Policy Administration Systems. Engaging in conversations can provide insights into current trends and may even lead to referrals for the position.

✨Tip Number 3

Brush up on your SQL skills, as they are highly beneficial for this role. Consider working on sample projects or datasets to demonstrate your ability to analyse data effectively, which can set you apart from other candidates.

✨Tip Number 4

Prepare to discuss your experience with Agile methodologies. Be ready to share specific examples of how you've contributed to projects using Agile practices, as this will show your adaptability and understanding of project management.

We think you need these skills to ace Senior Business Analyst (commercial insurance policy lifecycle)

Commercial Insurance Knowledge
Policy Lifecycle Expertise
Business Process Analysis
Documentation Skills
Stakeholder Engagement
Functional Specification Writing
Technical Specification Writing
User Acceptance Testing (UAT)
Training and Support
SQL Proficiency
Data Analysis
Agile Methodologies
Problem-Solving Skills
Communication Skills

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Senior Business Analyst position. Familiarise yourself with the commercial insurance policy lifecycle and the specific tasks mentioned in the job description.

Tailor Your CV: Customise your CV to highlight relevant experience in the commercial insurance sector. Emphasise your knowledge of Policy Administration Systems and any hands-on experience you have with business processes related to insurance.

Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and problem-solving abilities. Mention specific examples from your past work that demonstrate your expertise in the insurance policy lifecycle and your proficiency in SQL.

Highlight Relevant Skills: In your application, clearly outline your experience with Agile methodologies and your ability to communicate effectively between business users and IT teams. This will show that you are well-suited for the role and can bridge the gap between technical and non-technical stakeholders.

How to prepare for a job interview at Apsida Life Science

✨Know Your Policy 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 data analysis and querying. Consider preparing a few examples of how you've used SQL to support reporting needs in past projects.

Senior Business Analyst (commercial insurance policy lifecycle)
Apsida Life Science
A
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