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For Companies At a Glance
- Tasks: Analyse business needs and translate them into IT solutions for impactful projects.
- Company: Join Munich Re, a leading name in specialty insurance with a supportive culture.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Why this job: Be part of innovative projects that shape the future of insurance technology.
- Qualifications: 5+ years in IT or digital projects, strong analytical skills, and leadership experience.
- Other info: Embrace a culture of curiosity and boldness while working globally.
The predicted salary is between 36000 - 60000 £ per year.
About us
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.
We are currently looking for a Business Analyst to be based in London on a full-time basis, reporting into the Head of Subsection. As an IT Business Analyst you will be accountable for identifying, documenting, and managing explicit and implicit stakeholder requirements for complex projects, as well as handling change requests and contributing to solution component descriptions. This role involves selecting the most effective methods for representing business requirements and defining expected functional test outcomes.
Responsibilities:
- Lead the analysis of business requirement and demands across the business value chain, providing key analytical skills that will enable business problems to be understood and the subsequent requirements for IT systems documented, tested and delivered.
- Develop a partnership with assigned business units to gain a thorough understanding of short- and long-term goals of the business strategy to deliver quality and strategic solutions to the business clients that support business strategy.
- Undertake the analysis requirements and demands across the value chain, providing key analytical skills that will enable business problems to be understood and the subsequent requirements for IT systems documented, tested and delivered.
- Support the IT system implementation by taking on the lead role in Agile, Iterative and Waterfall system implementation projects.
- Support the Project Manager in delivering the project plan on time and on budget.
- Follow project methodologies – One Essentials – as applicable.
- Analyse business demand for IT system support, automation, and digitalisation of business processes.
- Derive system requirements from business demands and translate into specifications – both on architectural and detail level.
- Identification of appropriate solutions under the guidance of enterprise and solution architecture and subject matter experts.
- Follow Munich Re architecture patterns.
- Actively drive towards a consistent, highly automated, resilient and future proof application and data landscape across Great Lakes to enable cost efficient digital business.
Knowledge and Skills:
- 5+ years of experience in delivering IT or digital projects in Commercial Insurance.
- Experience with Insurance Core Insurance Platform installations, including greenfield and migration projects.
- Knowledge of Guidewire is a plus.
- Understanding of MGA and Lloyd's Market operating models, including their unique challenges and requirements.
- Recognized as proactive with strong analytical and problem-solving skills, with the ability to analyze complex business and technical problems and develop creative solutions.
- Excellent communication and interpersonal skills, with the ability to build strong relationships with stakeholders at all levels.
- The ability to influence, including negotiating solutions, deadlines and commitments.
- Strong leadership skills managing, coaching, and mentoring business analysts.
- The ability to motivate and guide business analysts on complex programs of work.
- Demonstrated ability to work globally across businesses and international cultures to deliver results.
- Successful coordination of complex project deliverables based on an understanding of the customer needs.
- Demonstrated personal organizational skills and ability to coordinate the efforts of others involved in the delivery of projects.
- A clear focus on internal customer satisfaction with an eye towards constant improvement and promoting efficiency changes.
- High degree of drive to stay informed and current on industry trends in Insurance and IT.
If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
About Munich Re Follow Us
Business Analyst in London employer: Munich Re Specialty - Global Markets
Contact Detail:
Munich Re Specialty - Global Markets 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 people in the industry, especially those at Munich Re. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common Business Analyst scenarios. Think about how you'd tackle real-world problems and be ready to share your thought process. We want to see your analytical skills in action!
✨Tip Number 3
Show off your soft skills! Communication and relationship-building are key in this role. Be ready to discuss how you've successfully collaborated with stakeholders in the past.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in joining our team at Munich Re.
We think you need these skills to ace Business Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Business Analyst. Highlight your experience with IT projects, especially in Commercial Insurance, and don’t forget to mention any specific tools or methodologies you’ve used that align with what we’re looking for.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about this role and how your skills can help us achieve our goals at Munich Re. Be bold and show us your curiosity!
Showcase Your Analytical Skills: As a Business Analyst, your analytical skills are key. In your application, provide examples of how you've tackled complex business problems and the solutions you’ve implemented. We love seeing real-world applications of your skills!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. 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 team!
How to prepare for a job interview at Munich Re Specialty - Global Markets
✨Know Your Business Inside Out
Before the interview, dive deep into Munich Re's business model and their approach to specialty insurance. Understand their goals and how your role as a Business Analyst fits into their strategy. This will show your genuine interest and help you articulate how you can contribute.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples from your past experience where you've successfully identified and documented stakeholder requirements. Use the STAR method (Situation, Task, Action, Result) to structure your answers, highlighting your problem-solving abilities and how they align with the needs of the role.
✨Familiarise Yourself with Agile Methodologies
Since the role involves supporting IT system implementations using Agile, make sure you understand the principles of Agile project management. Be ready to discuss your experience with Agile projects and how you’ve contributed to successful outcomes in previous roles.
✨Build Rapport with Stakeholders
Demonstrate your excellent communication skills by preparing to discuss how you've built strong relationships with stakeholders in the past. Share examples of how you’ve influenced decisions or negotiated solutions, showcasing your interpersonal skills and ability to work collaboratively.
