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- Tasks: Join us as a Senior Broking Business Analyst, shaping the future of insurance technology.
- Company: Work with a leading global provider in insurance software, impacting clients worldwide.
- Benefits: Enjoy fully remote work, flexible hours, and opportunities for professional growth.
- Why this job: Be part of a dynamic team driving digital transformation in the London Market.
- Qualifications: Experience with major Insurance Broking systems and strong communication skills are essential.
- Other info: Ideal for proactive problem-solvers eager to make a difference in the insurance industry.
The predicted salary is between 43200 - 72000 £ per year.
Broking Business Analyst – London Market Insurance – Fully Remote
Senior Broking Business Analyst – London Market Focus – Fully Remote
We are partnering with a leading global provider of insurance software and services to find a dynamic and results-oriented Senior Broking Business Analyst. This is an exceptional opportunity to work with a major player in the insurance technology space, impacting clients worldwide. This company has an extensive portfolio of services across all insurance sectors and is a key partner in the London Market, driving digital transformation and delivering cutting-edge solutions.
About the Role:
This Senior Broking Business Analyst role demands a deep understanding of London Market wholesale insurance processes, specifically Policy, Claims, and Technical Accounting. You will be instrumental in navigating the complexities of messaging flows within broking systems, demonstrating a strong understanding of initiatives such as Lloyd\’s Future of Lloyd\’s / Blueprint II and their impact on broking technology.
Working collaboratively with software vendors, brokers, and underwriters, you will define functional requirements and guide the development of new products and features. Experience with at least one major Insurance Broking system is essential, along with confident presentation and client communication skills. The ability to manage client expectations and navigate challenging situations is critical.
Key Responsibilities:
- Advise stakeholders on solution possibilities and limitations.
- Gather and document client requirements.
- Collaborate on business and functional documents.
- Act as a liaison between clients and internal development teams.
- Participate in internal quality reviews.
- Support system testing and project transitions.
- Assist support teams as needed.
- Deep knowledge of London Market wholesale insurance processes (Policy, Claims, Technical Accounting).
- Understanding of broking system messaging flows.
- Experience of one of the following existing Broking products (Brokasure Enterprise, Brokasure Desktop or Global XB).
- Awareness of Lloyd\’s Blueprint II.
- Experience working with insurance software vendors or brokers/underwriters.
- Experience with a major Insurance Broking system.
- Excellent presentation and communication skills.
- Proven ability to manage client expectations and navigate challenging situations.
- Proactive problem-solving abilities.
- Experience with leading Broking products (experience with specific products is beneficial, but not essential).
- Strong interpersonal skills.
- Ability to translate complex requirements into clear technical specifications.
- Business process design and improvement experience.
- Flexibility to handle changing priorities and travel requirements.
- Insurance industry qualification (e.g., ACII).
- Experience implementing insurance/reinsurance software packages.
- Formal analysis methodology experience.
- Strong attention to detail and documentation skills.
- Ability to work independently and as part of a team.
Seniority level
- Mid-Senior level
Employment type
- Full-time
Job function
- Information Technology, Analyst, and Project Management
Industries
- Insurance
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Broking Business Analyst – London Market Insurance - Fully Remote employer: mbf
Contact Detail:
mbf Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Broking Business Analyst – London Market Insurance - Fully Remote
✨Tip Number 1
Familiarise yourself with the latest trends and technologies in the London Market insurance sector. Understanding initiatives like Lloyd's Future of Lloyd's / Blueprint II will not only enhance your knowledge but also demonstrate your commitment to staying current in the industry.
✨Tip Number 2
Network with professionals in the insurance technology space, especially those who have experience with major Insurance Broking systems. Engaging in discussions or attending relevant webinars can provide insights and potentially lead to referrals.
✨Tip Number 3
Prepare to showcase your problem-solving abilities during interviews. Be ready to discuss specific scenarios where you've successfully managed client expectations or navigated challenging situations, as these skills are crucial for the role.
✨Tip Number 4
Highlight your experience with business process design and improvement. Be prepared to discuss how you've translated complex requirements into clear technical specifications, as this will be key in demonstrating your fit for the role.
We think you need these skills to ace Broking Business Analyst – London Market Insurance - Fully Remote
Some tips for your application 🫡
Understand the Role: Before you start writing your application, make sure you fully understand the responsibilities and requirements of the Senior Broking Business Analyst position. Highlight your experience with London Market insurance processes and any relevant software systems.
Tailor Your CV: Customise your CV to reflect the skills and experiences that align with the job description. Emphasise your knowledge of broking systems, client communication skills, and any relevant qualifications like ACII.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance technology space. Discuss how your background in managing client expectations and navigating complex situations makes you a great fit for the role.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at mbf
✨Understand the London Market
Make sure you have a solid grasp of the London Market wholesale insurance processes, especially in Policy, Claims, and Technical Accounting. Brush up on recent developments like Lloyd's Blueprint II, as this knowledge will demonstrate your commitment to the industry.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with major Insurance Broking systems, such as Brokasure Enterprise or Global XB. Highlight specific projects where you've successfully navigated broking system messaging flows, as this will show your technical proficiency.
✨Communicate Effectively
Since this role involves liaising with various stakeholders, practice your presentation and communication skills. Be ready to explain complex requirements clearly and concisely, as well as manage client expectations during challenging situations.
✨Demonstrate Problem-Solving Abilities
Prepare examples of how you've proactively solved problems in previous roles. Discuss your approach to business process design and improvement, as well as how you've handled changing priorities, which is crucial for this position.
