Insurance Analyst

Insurance Analyst

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

  • Tasks: Support the Global Insurance team with administration and analysis of insurance programs.
  • Company: Join Boston Consulting Group, a leader in business strategy since 1963, driving transformation globally.
  • Benefits: Enjoy a collaborative work environment with opportunities for growth and innovative tools.
  • Why this job: Be part of a dynamic team making impactful changes in risk management and insurance.
  • Qualifications: Bachelor’s degree in a related field and 1-2 years of relevant experience required.
  • Other info: Work with diverse teams across BCG and contribute to strategic objectives.

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

Who We Are
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.
To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

What You\’ll Do
As an Insurance Analyst in the Global Insurance team, you will be critical in helping our team meet our strategic objectives. This role supports the Insurance team in the administration of the global non-benefits insurance programs. You will work across BCG teams and functions to support our business growth, provide insurance expertise, and leverage new ways of working.

WHAT YOU’LL DO
* Coordinate with internal stakeholders and brokers to obtain and deliver certificates of insurance;
* Oversee invoicing to ensure timely and accurate payments;
* Support renewal process by assisting Global Insurance team with review of exposure data, analyzing coverage comparisons, preparing presentations, and compiling reports;
* Work closely with Insurance Manager to ensure effective implementation of the Risk Management Information System (Origami);
* Assist with maintaining and updating contract templates for vendors, contractors, and events across multiple countries;
* Collaborate with Insurance Manager on insurance reviews of non-U.S. affiliates, including researching local regulations and assessing coverage compliance;
* Aid the Global Insurance team with developing internal guidelines and responsible for documenting them in the knowledge reference library;
* Provide ad hoc support to Global Insurance team, as needed.
YOU’RE GOOD AT
* Demonstrates a strong ability to work within a team, values diverse perspectives, open communication and an environment of shared success
* Proactive; self-starter, capable of managing multiple tasks efficiently and producing high-quality work independently
* Strong communication skills
* Champion the adoption and implementation of innovative tools and technologies
* Risk management mindset; proactively anticipate issues and developing potential effective solutions

What You\’ll Bring
* Bachelor’s degree in Risk Management, Finance, Business Administration, or other related field
* 1 to 2+ years of relevant experience in risk management and insurance, within a large corporate risk management department, insurance brokerage firm, or an insurance company; global and international program experience a plus

Who You\’ll Work With
You will join a dynamic global insurance team of five, positioned within the larger legal team, where you will collaborate across BCG teams and functions including finance, global security, global real estate, procurement, etc. playing a pivotal role in advancing our team’s strategic objectives.

Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.

BCG is an E – Verify Employer. (Click here )( for more information on E-Verify.

Insurance Analyst employer: Boston Consulting Group

At Boston Consulting Group, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work culture. As an Insurance Analyst, you will have the opportunity to work alongside a diverse global team, gaining invaluable experience in risk management while contributing to meaningful projects that drive business transformation. With a strong emphasis on employee growth and innovation, BCG offers a supportive environment where your contributions are valued, and your professional development is prioritised.
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Contact Detail:

Boston Consulting Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Insurance Analyst

✨Tip Number 1

Familiarise yourself with the latest trends in risk management and insurance. Understanding current market dynamics and regulatory changes can give you an edge during discussions with the hiring team.

✨Tip Number 2

Network with professionals in the insurance industry, especially those who work in global teams. Engaging with them on platforms like LinkedIn can provide insights into the role and help you make valuable connections.

✨Tip Number 3

Prepare to discuss your experience with risk management tools and technologies. Highlighting your familiarity with systems like Risk Management Information Systems (RMIS) will demonstrate your readiness for the role.

✨Tip Number 4

Showcase your teamwork skills by preparing examples of how you've successfully collaborated with diverse teams in the past. BCG values a collaborative approach, so illustrating your ability to work well with others is crucial.

We think you need these skills to ace Insurance Analyst

Risk Management
Insurance Expertise
Data Analysis
Communication Skills
Project Management
Attention to Detail
Proactive Problem-Solving
Collaboration
Contract Management
Knowledge of Local Regulations
Presentation Skills
Time Management
Adaptability
Technical Aptitude

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Insurance Analyst position. Tailor your application to highlight relevant experiences that align with these expectations.

Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in risk management or insurance. Use specific examples to demonstrate your skills in coordinating with teams, managing tasks, and implementing innovative solutions.

Showcase Communication Skills: Since strong communication is key for this role, ensure your application reflects your ability to convey information clearly. Consider including examples of how you've successfully collaborated with diverse teams or stakeholders in the past.

Tailor Your Cover Letter: Craft a personalised cover letter that connects your background to BCG's mission and values. Mention your proactive approach and how you can contribute to the Global Insurance team's strategic objectives.

How to prepare for a job interview at Boston Consulting Group

✨Understand the Role

Make sure you thoroughly understand the responsibilities of an Insurance Analyst at BCG. Familiarise yourself with the key tasks mentioned in the job description, such as coordinating with stakeholders and overseeing invoicing. This will help you demonstrate your knowledge and enthusiasm during the interview.

✨Showcase Your Teamwork Skills

Since the role requires collaboration across various teams, be prepared to discuss your experiences working in a team environment. Highlight instances where you valued diverse perspectives and contributed to shared success, as this aligns with BCG's collaborative culture.

✨Demonstrate Proactivity

BCG is looking for a self-starter who can manage multiple tasks efficiently. Prepare examples of how you've taken initiative in previous roles, particularly in risk management or insurance. This will show that you can anticipate issues and develop effective solutions.

✨Communicate Effectively

Strong communication skills are essential for this position. Practice articulating your thoughts clearly and concisely. During the interview, ensure you listen actively and respond thoughtfully to questions, demonstrating your ability to communicate well with various stakeholders.

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