At a Glance
- Tasks: Lead transformation projects by analysing business needs and delivering innovative solutions.
- Company: HSB, a leading provider of engineering and technology insurance solutions.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Join a dynamic team and make a real impact on the future of insurance.
- Qualifications: 4-7 years as a Business Analyst in financial services or related fields.
- Other info: Embrace diversity and inclusion in a collaborative work environment.
The predicted salary is between 45000 - 55000 £ per year.
About us HSB (UK and Ireland) is a leading specialist provider of engineering, technology and structural warranty insurance solutions, plant and equipment inspection services, and engineering-based risk management activities in the UK and Ireland. HSB (UK and Ireland) consists of the parent company HSB Engineering Insurance Limited (HSBEIL) together with its two UK subsidiaries, HSB Engineering Inspection Services Limited (HSBEISL); and a regulated MGA, MD Insurance Services Limited (MDIS), which trades as Premier Guarantee or LABC Warranty. Collectively HSB is the UK and Ireland's only group of companies solely focused on providing specialist engineering and technology insurance solutions and risk-focused inspection services and assessments to its customers.
Location: Birkenhead with occasional travel to Manchester, London and client sites where necessary
Division: Operations
Reporting to: Head of Transformation
Job Purpose: To provide structured analysis, requirements definition, and end to end delivery support across all transformation workstreams underpinning Ambition 2030. The Business Analyst will operate within a small, highly collaborative team, interfacing with business stakeholders IT and external clients to translate business strategy into executable changes covering process, technology, data, and operating model.
Key Responsibilities:
- Discovery & Analysis: Lead and facilitate discovery sessions, stakeholder interviews, workshops and value-stream mapping to understand current state (As Is) and define future state (To Be). Document business problems, opportunities, and success criteria; validate problem statements and benefits hypotheses. Perform gap analysis, impact assessments, and option evaluations.
- Requirements & Design: Elicit, analyse, and prioritise business, functional and non-functional requirements using industry-standard techniques (user stories, use cases, process maps, data models). Challenge business stakeholders to think about the wider picture, removing silo focus. Maintain traceability from business outcomes to epics/features/stories and acceptance criteria. Support solution design with IT, architecture and external clients ensuring alignment to enterprise standards, information security, and regulatory requirements (e.g., FCA Consumer Duty for insurance-adjacent services, data protection/UK GDPR).
- Workstream Enablement: Act as the BA lead across multiple concurrent workstreams. Coordinate dependencies and cross-workstream integration points (process, data, controls). Prepare and maintain workstream plans, RAID logs, and decision records in collaboration with PMs.
- Delivery & Change Readiness: Support project and UAT planning; draft test scenarios aligned to acceptance criteria. Conduct business readiness assessments; define cutover requirements and training needs. Prepare change artefacts (playbooks, SOPs, quick reference guides) and contribute to communications.
- Governance, Risk & Compliance: Ensure adherence to governance as defined by Head of Transformation and in alignment with HSB & Munich Re. Particular focus and attention on requirements walk-throughs and adoption of formal sign-off processes. Identify and manage BA-level risks, issues, and assumptions; escalate appropriately. Embed regulatory, quality, and data protection requirements into processes and controls (e.g., complaints handling, fair value assessments, records retention, data accuracy).
- Stakeholder Management: Build trusted relationships across the business functions. Provide clear, concise updates tailored to different audiences, including the Head of Transformation and steering forums. Facilitate conflict resolution and decision-making with evidence-based recommendations.
Skills & Experience:
- Essential: 4-7 years' experience as a Business Analyst in financial services, insurance, building warranty, construction assurance, or adjacent regulated environments. Demonstrable success in multi-workstream transformation initiatives (process + technology). Proficiency in BA toolkits: UML/use cases, user stories/acceptance criteria, data modelling, and journey mapping. Strong documentation capability (BRDs, FRDs, NFRs, traceability matrices, RACI, RAID). Hands-on with collaboration tools (e.g., Azure DevOps/Jira, Confluence, Miro, Visio, Power BI).
- Desirable: Building warranty or structural defect insurance domain expertise (policy lifecycle, technical inspections, risk scoring, claims handling). Exposure to customer/broker portals, digital onboarding/KYC, telematics/IoT, geospatial or site audit tools. Experience aligning solutions to Consumer Duty, fair value assessments, and conduct risk frameworks. Data literacy (SQL basics, API contracts, data quality controls); BI/reporting familiarity.
Qualifications and Educational Requirements:
- Bachelor's degree or equivalent experience (Business, Information Systems, Engineering, or related).
- Professional BA certifications (e.g., BCS/ISEB Business Analysis, IIBA CCBA/CBAP) (desirable).
Personal Attributes:
- Curious, detail-oriented, and pragmatic - able to balance strategic intent with delivery realities.
- Resilient and adaptable in a fast-moving change environment.
- High integrity with a strong sense of customer and regulatory duty.
- Collaborative team player comfortable in a small, multi-disciplinary setting.
Diversity, Equity & Inclusion: At HSB, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Strategic Transformation Business Analyst in Birkenhead employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Strategic Transformation Business Analyst in Birkenhead
✨Tip Number 1
Network like a pro! Reach out to current employees at HSB through LinkedIn or industry events. A friendly chat can give you insider info and maybe even a referral!
✨Tip Number 2
Prepare for interviews by diving deep into HSB's Ambition 2030 strategy. Show us you understand our goals and how your skills as a Business Analyst can help us achieve them.
✨Tip Number 3
Practice your storytelling skills! Be ready to share specific examples of how you've tackled challenges in past projects. We love hearing about real-life experiences that showcase your analytical prowess.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you're genuinely interested in joining our team.
We think you need these skills to ace Strategic Transformation Business Analyst in Birkenhead
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience relevant to the Strategic Transformation Business Analyst role. We want to see how your skills align with our needs, so don’t hold back on showcasing your achievements!
Showcase Your Analytical Skills: As a Business Analyst, your analytical prowess is key! Use your application to demonstrate your experience in gap analysis, requirements gathering, and stakeholder management. We love seeing real examples of how you've tackled challenges in the past.
Be Clear and Concise: When writing your application, clarity is crucial. Use straightforward language and structure your thoughts logically. We appreciate well-organised applications that make it easy for us to see your qualifications at a glance.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details about the role and our company culture there!
How to prepare for a job interview at Munich Re
✨Know Your Stuff
Make sure you understand the ins and outs of HSB and its role in engineering and technology insurance. Familiarise yourself with their Ambition 2030 strategy and how your skills as a Business Analyst can contribute to their transformation initiatives.
✨Prepare for Discovery Sessions
Since you'll be leading discovery sessions, practice how to facilitate discussions and ask insightful questions. Think about how to document business problems and opportunities effectively, as this will be crucial in showcasing your analytical skills.
✨Showcase Your BA Toolkit
Be ready to discuss your experience with BA tools like UML, user stories, and data modelling. Bring examples of your documentation capabilities, such as BRDs or traceability matrices, to demonstrate your proficiency and attention to detail.
✨Build Relationships
Highlight your ability to build trusted relationships across different business functions. Prepare examples of how you've facilitated conflict resolution and decision-making in past roles, as this will show your collaborative spirit and stakeholder management skills.