Senior Business Analyst in London

The OneGL project is an enterprise-wide SAP implementation and data transformation project which is managed at an overall level by Corporate Finance. The Senior Business Analyst will sit at the heart of the technical team to ensure successful data migration and testing phases of the SAP reinsurance module. They will carry out data validation and analysis to ensure that the outcomes of the project are realised, work with business users to carry out user acceptance testing, document tasks and obtain approval from the finance and Reinsurance operations user community with respect to requirements, design, build, and testing of the system. As part of the Agile delivery team, they will also help to ensure ongoing continuous improvement through the identification and championing of new ways of working, standards and toolsets.

About the Department & Team: Finance in London consists of circa 100 FTE and has a number of key roles:

• To partner the business to enhance decision making with a focus on strategy, planning, analysis and reporting.
• Support is provided both to two management ‘Demand Pillars’ of LM Reinsurance and LII – and also to the supporting functions within GRS.
• To ensure that all external financial reporting requirements (statutory, regulatory, tax, capital etc) are fulfilled.
• LII in Europe consists of a Lloyd’s Syndicate, a UK insurance company with European branches, a number of service companies and a portion of a US balance sheet.
• To provide insightful performance analysis on the GRS International legal entities to the Legal Entity Management Committees enabling effective performance planning and management.
• To report to our US Parent on standard monthly requirements and ad‑hoc requests on both a pillar and a legal basis.
• To ensure superior management of our investments, cash and all financial risks.
• To give finance operations support to the business and finance.
• Finance strives for continuous improvement in all areas and aims for excellent customer service, supported by quality and efficient processes, all operating within a robust control environment.

Key Responsibilities:

• Analyse and validate data migrated from legacy systems to the SAP FS‑RI reinsurance module, designing and executing reconciliations to ensure data accuracy, integrity and quality.
• Troubleshoot and reconcile contract configuration discrepancies between operational systems and the new SAP FS‑RI module, investigating root causes and working with relevant teams to drive timely resolution.
• Support end‑to‑end testing activities and, where required, translate business requirements into detailed technical specifications, collaborating with development teams to design and deliver effective solutions.
• Plan and facilitate structured workshops and meetings with business and technical stakeholders to elicit, challenge and refine requirements.
• Produce comprehensive process documentation to ensure appropriate reinsurance controls are defined, embedded and maintained, providing assurance that data migration outputs are accurate and fit for purpose.
• Document current‑state (as‑is) and future‑state (to‑be) processes affected by the implementation, engaging and aligning multiple stakeholders through iterative process design with a particular focus on inter‑team handoffs and accountability.
• Ensure that future‑state processes are robust, well‑controlled and fully documented, embedding clear ownership, governance and auditability to support sustainable and compliant operations post‑implementation.
• Contribute effectively as an integral member of the project team, supporting the creation, refinement and prioritisation of the product backlog to ensure delivery remains aligned with business objectives.

Skills and Experience:

• Finance experience, with experience of London Markets reinsurance finance desirable.
• Insurance and London market experience desirable.
• Reinsurance / SAP FS‑RI implementation, integration and user acceptance testing experience.
• Business analysis experience with strong analytical and problem‑solving skills and knowledge of business analysis methodologies.
• Advanced data processing and transformation tools – proficient in MS Excel and handling of multiple large datasets, SQL or equivalent.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity.
• LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times.
• These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest and Whistleblowing.