At a Glance
- Tasks: Analyse business processes and ensure smooth policy administration on the WINS system.
- Company: Join a leading insurance firm in London with a focus on innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Make a real difference in the insurance industry while developing your analytical skills.
- Qualifications: Experience with WINS, strong analytical skills, and knowledge of regulatory reporting.
- Other info: Dynamic team environment with potential for career advancement.
The predicted salary is between 36000 - 60000 £ per year.
Job Type: FTC (6 months)/Permanent
Job Location: London, UK
Business Skills:
- Experience with ISeriesAccess for WINS (Wheatley Insurance System) on an AS400 platform, specifically with the Policy Administration Process.
- General knowledge of binding, billing, claims, and regulatory reporting.
- Understanding of the different WINS working environments.
- Strong knowledge of Workers' Compensation Policy Insurance.
- Strong knowledge of Workers' Compensation Regulatory Reporting as per the WCIO.
- Strong knowledge of various DCOs (Data Collection Organizations) requirements for Regulatory Reporting.
- Knowledge of other WINS products for policy binding and insurance, e.g., Automobile, General Liability.
- Knowledge of ISO Regulatory Reporting for various LOBs for both policy and claims generated from the WINS system.
- Strong analytical skills, problem-solving skills, organisational skills, communication skills.
- Strong experience with WCIO/WCPOLS Manuals, understanding record layouts used for reporting of transaction codes, record types, endorsement forms.
- Familiarity with BABOK.
- Ability to gather requirements from various stakeholders and follow the task through the SDLC lifecycle and deployment into production, including the BRD.
- Ability to provide resolutions for business issues that arise.
- Understanding how policy transactions are coded and issued for the various WINS products.
- Ability to drive the multi-step process necessary to attain approval from the NJCRIB (NJ Compensation Rating & Inspection Bureau) for the submission of an electronic file for Proof of Coverage reporting of endorsement transaction data captured in WINS, by exactly matching the data on the hard copy policy.
Technical Skills:
- Experience with the Policy Admin files of the WINS system.
- Experience with the AS400 commands.
- Strong SQL knowledge for querying the database.
- Proficient in Microsoft Word, Excel, PowerPoint, Visio.
- Understanding COBOL is a plus.
Methodology: Waterfall
Knowledge of how a WC policy is rated, algorithms used for standard earned premium calculations. Understand how the data is mapped from hard copy policies to the WCPOLS files for regulatory reporting. Ability to understand data flow, process mapping, and data integration in WINS. Ability to resolve WCPOLS production issues, identify why the system abends, or identify why crits/fines are received from the WC rating bureaus.
Business Analyst in London employer: FalconSmartIT
Contact Detail:
FalconSmartIT Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and business analysis fields. 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 interviews by practising common questions related to business analysis and the WINS system. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you showcase your analytical skills and problem-solving abilities effectively.
✨Tip Number 3
Showcase your technical skills! Be ready to discuss your experience with SQL, AS400 commands, and any relevant software tools. Bring examples of how you've used these skills in past roles to solve problems or improve processes.
✨Tip Number 4
Don’t forget to apply through our website! We’re always looking for talented individuals like you. Keep an eye on our job listings and make sure your application stands out by tailoring it to the specific role and highlighting your relevant experience.
We think you need these skills to ace Business Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Analyst role. Highlight your experience with ISeriesAccess, WINS, and any relevant regulatory reporting knowledge. We want to see how your skills match what we're looking for!
Show Off Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past work that showcase your analytical and problem-solving abilities. We love seeing how you’ve tackled challenges in the past.
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it’s relevant to the role. We appreciate straightforward communication, so make it easy for us to see why you’re a great fit!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. Don’t miss out on this opportunity!
How to prepare for a job interview at FalconSmartIT
✨Know Your WINS Inside Out
Make sure you brush up on your knowledge of the Wheatley Insurance System (WINS) and its various working environments. Be prepared to discuss your experience with policy administration processes, binding, billing, and claims. This will show that you understand the core functions of the system and can hit the ground running.
✨Show Off Your Analytical Skills
As a Business Analyst, strong analytical skills are crucial. Prepare examples of how you've used these skills in past roles, especially in relation to regulatory reporting and problem-solving. Think about specific challenges you've faced and how you resolved them, as this will demonstrate your capability to handle similar situations in the new role.
✨Familiarise Yourself with Regulatory Requirements
Get to grips with the WCIO and WCPOLS manuals, as well as the record layouts for reporting transaction codes. Being able to discuss these in detail will impress your interviewers and show that you're serious about understanding the regulatory landscape of the industry.
✨Prepare for Technical Questions
Expect questions about SQL querying and AS400 commands, as these are key technical skills for the role. Brush up on your knowledge and be ready to explain how you've used these tools in previous projects. If you have any experience with COBOL, don't forget to mention it, as it could give you an edge!