At a Glance
- Tasks: Join a dynamic team to drive business change and enhance underwriting processes.
- Company: Hiscox, a leading insurer known for innovation and a unique culture.
- Benefits: Competitive salary, career growth, and a collaborative work environment.
- Why this job: Be at the forefront of transforming the London Market with cutting-edge technology.
- Qualifications: Experience in business analysis and a passion for change and innovation.
- Other info: Work alongside talented professionals in a fast-paced, supportive atmosphere.
The predicted salary is between 55000 - 65000 £ per year.
Build a brilliant future with Hiscox.
About the team / division:
Hiscox London Market is the leading insurer of global risks. We are one of the largest and oldest Lloyd's syndicates, known for our long-term leadership in the market. The Business Change Team works with all teams in the London Market to develop and build market-leading capabilities across our people, processes, and systems. Our goal is to embed lasting changes that deliver measurable business benefits and help us reach our strategic targets.
The role:
We are seeking a dynamic and experienced Business Analyst to join our London Market Underwriting Value Stream, working alongside a cross-functional in-house delivery team of technology and change professionals. You will work closely with internal and external stakeholders, gather and translate business requirements into actionable development tasks which deliver maximum value, support user adoption, and track value/benefits realisation.
Attributes required:
- Insurance and Lloyd's experience
- AS IS & TO BE Process Mapping
- Requirements Gathering
- Detailed Analysis
- Reporting Experience
- Running Workshops/interviews
- Strategic Mindset
- Process Improvement
- Stakeholder Management
- Benefits Assessment
- Data Analysis
What you’ll be doing in the role:
- Business analysis: Develop and drive our business analysis capabilities, recommending changes to improve and influence decision making. Carry out research and analysis and present findings clearly to inform and influence decision making.
- Requirements engineering: Identify relevant stakeholders and act as the single point of contact for requirements. Use various methods to elicit and validate requirements/user stories.
- Business process development: Document and analyse as-is processes, making recommendations for improvement. Design, validate, and document efficient to-be business processes.
- Change Management: Assess the impact of changes on people, processes, and systems. Identify training needs and support the design and delivery of relevant training.
- Data Management: Work closely with data teams to ensure we build in data analysis, recovery, and security into our solutions.
- Benefits Management: Contribute to the creation of the benefits tracking and delivery plan.
- Leadership: Coach less experienced members of the team on Project and Business Analysis best practices.
The Person:
The person in this role is inquisitive and enjoys working with teams to get to the root cause of issues. They thrive on tackling complex issues and ensuring that the solution stays focused on delivering tangible, measurable benefits.
Our must-haves:
- Experience of working on medium-sized projects in a Business Analyst role.
- Experience of working in a matrix team across multiple internal and external teams.
- The ability to build relationships and influence across all levels of the organisation.
- Experience of working with Agile and using tools such as Jira.
- Advanced Microsoft Office skills (Word, PowerPoint, Excel).
- Excellent workshop facilitation skills.
Nice to have:
- Knowledge or experience of working in the Lloyd's London Market.
- Formal Business Analysis qualification or membership.
About Hiscox:
As an international specialist insurer, we focus on our key areas of expertise and strength, underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things. We believe in doing the right thing, making good, and rebuilding when things go wrong.
Business Analyst employer: Hiscox Ltd
Contact Detail:
Hiscox Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, or even hit up LinkedIn. The more people you know, the better your chances of landing that Business Analyst role.
✨Tip Number 2
Prepare for interviews by researching Hiscox and the London Market. Understand their values and how they approach risk. This will help you tailor your answers and show that you're genuinely interested in being part of their innovative team.
✨Tip Number 3
Practice your problem-solving skills! As a Business Analyst, you'll need to tackle complex issues. Work on case studies or mock scenarios to sharpen your analytical thinking and demonstrate your ability to deliver tangible benefits.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Hiscox team and ready to embrace the challenges ahead.
We think you need these skills to ace Business Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Analyst role. Highlight relevant experience, especially in business process development and requirements gathering. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our team. Be sure to mention your experience with Agile methodologies and stakeholder management.
Showcase Your Analytical Skills: In your application, demonstrate your analytical mindset. Share examples of how you've tackled complex issues or improved processes in previous roles. We love candidates who can think critically and drive change!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our unique culture at Hiscox.
How to prepare for a job interview at Hiscox Ltd
✨Know Your Business Inside Out
Before the interview, dive deep into Hiscox's operations and the London Market. Understand their unique approach to risk and how they challenge the status quo. This knowledge will help you connect your skills as a Business Analyst to their specific needs.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with process mapping and requirements gathering. Bring examples of how you've used data analysis to drive decision-making in past projects. Highlighting your strategic mindset will resonate well with the team.
✨Emphasise Collaboration
Since the role involves working closely with various teams, be ready to share examples of successful collaboration. Discuss how you've built relationships across different levels and departments, and how that has led to successful project outcomes.
✨Prepare for Change Management Questions
Expect questions about your experience with change management and user adoption strategies. Be prepared to discuss how you've assessed impacts, identified training needs, and supported transitions in previous roles. This will demonstrate your fit for the dynamic environment at Hiscox.