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- Tasks: Join a dynamic team as a Broking Business Analyst, focusing on Policy, Claims, and Finance.
- Company: Work with a leading Tier 1 consultancy in Insurance Software and Business Process Services.
- Benefits: Enjoy opportunities for collaboration, professional growth, and exposure to innovative insurance initiatives.
- Why this job: Be at the forefront of the London Insurance market, influencing new products and features.
- Qualifications: Must have extensive knowledge of London Insurance processes and experience with broking systems.
- Other info: Flexibility for travel and unconventional hours is required; industry qualifications are a plus.
The predicted salary is between 43200 - 72000 £ per year.
Broking Business Analyst – Policy Admin / Claims / Finance / London Market Insurance
About the Role:
A leading Tier 1 consultancy specializing in Insurance Software and Business Process Services is looking for a proactive and experienced Senior Broking Business Analyst to join their team. The ideal candidate will have an in-depth understanding of the London Insurance Wholesale processes, including Policy, Claims, and Technical Accounting. Proficiency in navigating messaging flows within broking systems specific to the London market and awareness of key initiatives such as the Lloyd’s Future of Lloyd’s / Blueprint II and their implications for broking systems is essential.
This role involves close collaboration with General Insurance software vendors, Insurance Brokers, and Underwriters to provide functional direction and definition for new products, modules, or features during insurance product implementations. The candidate should possess practical experience with at least one computer-based Insurance Broking system and excel in delivering engaging presentations and demonstrations.
Essential Skills/Qualifications:
- Extensive knowledge of the Insurance domain, particularly the London Insurance Wholesale processes encompassing Policy, Claims, and Technical Accounting.
- Familiarity with messaging flows to and from broking systems within the London market.
- Awareness of the Lloyd’s Future of Lloyd’s / Blueprint II initiatives and their impact on broking systems.
- Experience collaborating with General Insurance software vendors or Insurance Brokers/Underwriters to provide functional direction and definition for new products, modules, or features within insurance product implementations.
- Practical knowledge of at least one computer-based Insurance Broking system.
- Strong presentation and demonstration skills.
Desirable Skills/Qualifications:
- Experience with existing Broking products (e.g., Brokasure Enterprise, Brokasure Desktop, or Global XB).
- Exceptional interpersonal and communication abilities.
- Capacity to comprehend complex requirements, articulate them clearly to the business, and translate into technical specifications.
- Skill in planning, designing, and recommending business processes to enhance and support business activities.
- Flexibility to adapt to changing priorities, including short-notice travel, and the ability to attend and host meetings at unconventional hours.
- Insurance Industry qualifications (e.g., A.C.I.I.).
- Knowledge and experience in implementing insurance/reinsurance software packages, along with an appreciation of their respective strengths and weaknesses.
Key Accountabilities and Responsibilities:
- Provide support and guidance to stakeholders regarding limitations and opportunities for customer solutions based on knowledge of the product set.
- Facilitate meetings with clients to gather and document requirements, exploring potential solutions.
- Collaborate within a team environment to build and update business and functional documents in line with client specifications.
- Act as an intermediary between the customer and internal development, testing, and support teams.
- Lead and take part in internal quality reviews of solution design.
mbf | Insurance / Broking Business Analyst employer: mbf
Contact Detail:
mbf Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land mbf | Insurance / Broking Business Analyst
✨Tip Number 1
Familiarize yourself with the London Insurance Wholesale processes, especially in Policy, Claims, and Technical Accounting. This knowledge will not only help you understand the role better but also demonstrate your commitment to the industry during discussions.
✨Tip Number 2
Stay updated on key initiatives like the Lloyd’s Future of Lloyd’s / Blueprint II. Understanding these initiatives will allow you to engage in meaningful conversations about their implications for broking systems, showcasing your proactive approach.
✨Tip Number 3
Network with professionals in the insurance sector, particularly those who work with General Insurance software vendors or Insurance Brokers. Building these connections can provide insights into the role and may even lead to referrals.
✨Tip Number 4
Practice your presentation and demonstration skills. Since the role requires delivering engaging presentations, being well-prepared will give you confidence and help you stand out during interviews.
We think you need these skills to ace mbf | Insurance / Broking Business Analyst
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and skills required for the Broking Business Analyst position. Tailor your application to highlight your relevant experience in the London Insurance Wholesale processes.
Highlight Relevant Experience: In your CV and cover letter, emphasize your practical experience with insurance broking systems and any familiarity with Lloyd’s Future of Lloyd’s / Blueprint II initiatives. Provide specific examples of how you've collaborated with insurance vendors or brokers.
Showcase Your Skills: Demonstrate your strong presentation and communication skills in your application. Consider including a brief example of a successful presentation or demonstration you have delivered in the past.
Tailor Your Documents: Customize your CV and cover letter to reflect the language and terminology used in the job description. This shows that you understand the industry and are genuinely interested in the role.
How to prepare for a job interview at mbf
✨Show Your Knowledge of the London Market
Make sure to demonstrate your in-depth understanding of the London Insurance Wholesale processes, especially around Policy, Claims, and Technical Accounting. Be prepared to discuss specific examples from your experience that highlight your expertise in these areas.
✨Familiarize Yourself with Key Initiatives
Research the Lloyd’s Future of Lloyd’s / Blueprint II initiatives and be ready to explain how they impact broking systems. This shows that you are not only knowledgeable but also proactive about industry changes.
✨Highlight Your Collaboration Skills
Since this role involves working closely with various stakeholders, prepare to share examples of how you've successfully collaborated with General Insurance software vendors, Brokers, or Underwriters in the past. Emphasize your ability to provide functional direction during product implementations.
✨Prepare for Presentations and Demonstrations
Given the importance of strong presentation skills in this role, practice delivering a mock presentation on a relevant topic. This will help you convey your ideas clearly and confidently during the interview, showcasing your ability to engage an audience.
