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- Tasks: Join us as a Senior IT Business Analyst, driving innovative solutions in a dynamic insurance environment.
- Company: Munich Re Specialty aims to lead in Primary Specialty Insurance with a supportive and ambitious culture.
- Benefits: Enjoy perks like flexible working, health assessments, and professional development support.
- Why this job: Be part of a diverse team that values curiosity and boldness while making a real impact.
- Qualifications: 10+ years in IT or digital projects, preferably in Commercial Insurance; strong analytical skills required.
- Other info: We welcome applicants from all backgrounds and encourage you to apply even if you don't meet every requirement.
The predicted salary is between 48000 - 72000 £ per year.
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, supported 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, enabling them to achieve their individual goals.
We are currently looking for a Senior IT Business Analyst, based in London on a full-time basis, reporting to the Head of Sub Section in Business Solutions – Single Risk.
Responsibilities:
- Develop a partnership with assigned business units to understand their short- and long-term goals and deliver quality, strategic solutions that support business strategy.
- Analyze requirements and demands across the value chain, providing analytical skills to understand business problems and document, test, and deliver IT system solutions.
- Support IT system implementation by leading Agile, Iterative, and Waterfall projects.
- Assist the Project Manager in delivering projects on time and within budget, following applicable methodologies – One Essentials.
- Analyze business demand for IT support, automation, and digitalization of processes.
- Derive system requirements from business demands and translate them into specifications at architectural and detailed levels.
- Identify suitable solutions under guidance from enterprise and solution architecture, following Munich Re architecture patterns.
- Drive towards a consistent, automated, resilient, and future-proof application and data landscape to enable cost-efficient digital business.
- Ensure effective deployment and support of IT systems, processes, and organizational changes.
- Assist in producing training materials for new systems and processes.
- Collaborate with business owners to ensure effective benefit realization.
Knowledge and Skills:
- 10+ years of experience in delivering IT or digital projects within Commercial Insurance.
- Experience with core insurance platform installations, including greenfield and migration projects; knowledge of Guidewire is a plus.
- Understanding of MGA and Lloyd\’s Market operating models and their unique challenges.
- Proactive with strong analytical and problem-solving skills to analyze complex problems and develop creative solutions.
- Excellent communication and interpersonal skills to build strong stakeholder relationships.
- Ability to influence, negotiate solutions, deadlines, and commitments.
- Strong leadership skills in managing, coaching, and mentoring business analysts, motivating and guiding them on complex projects.
- Ability to work globally across cultures to deliver results.
- Experience coordinating complex project deliverables based on customer needs.
- Strong organizational skills and ability to coordinate efforts of others in project delivery.
- Focus on internal customer satisfaction, continuous improvement, and efficiency promotion.
If you are excited about this role but your experience does not perfectly match all requirements, we encourage you to apply. You might be the candidate we are looking for!
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience. We aim to build a diverse workforce representing various backgrounds, identities, and beliefs, and to create an equitable, inclusive work environment where everyone can succeed.
All candidates can request reasonable adjustments at any point during the recruitment process by contacting their Talent Acquisition representative.
Learning and innovating today, striving for sustainable societies and business tomorrow
Our ESG strategy emphasizes seizing business opportunities and nurturing an inclusive work environment. It aims to deliver impacts across environmental, social, and governance topics, support local initiatives, and offer volunteering opportunities for colleagues.
- Critical illness insurance, Life Assurance, Permanent Health Insurance
- Wellbeing and Development Scheme, EAP, Health Assessments (subject to eligibility)
- Electric Vehicle Salary Sacrifice Scheme
- Study & Continuing Professional Development Support
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Business Analyst employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Analyst
✨Tip Number 1
Familiarise yourself with Agile, Iterative, and Waterfall methodologies, as these are crucial for the role. Being able to discuss your experience with these frameworks in detail will show that you can effectively support IT system implementation.
✨Tip Number 2
Network with professionals in the Commercial Insurance sector, especially those familiar with core insurance platforms like Guidewire. Building relationships can provide insights into the industry and may lead to referrals.
✨Tip Number 3
Demonstrate your analytical skills by preparing examples of how you've solved complex business problems in the past. Be ready to discuss specific scenarios where your solutions had a significant impact on project outcomes.
✨Tip Number 4
Showcase your leadership abilities by highlighting experiences where you've managed or mentored other analysts. This will illustrate your capability to guide teams through complex projects, which is essential for this position.
We think you need these skills to ace Business Analyst
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Senior IT Business Analyst position at Munich Re. Make sure you understand the key responsibilities and required skills, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 10+ years of experience in delivering IT or digital projects within Commercial Insurance. Be specific about your involvement in core insurance platform installations and any experience with Guidewire.
Showcase Analytical Skills: Demonstrate your strong analytical and problem-solving skills by providing examples of how you've tackled complex business problems in previous roles. Use metrics or outcomes to illustrate your impact.
Tailor Your Application: Customise your CV and cover letter to reflect the values and culture of Munich Re. Mention your commitment to diversity, equity, and inclusion, and how you can contribute to a supportive environment that fosters innovation.
How to prepare for a job interview at Munich Re
✨Understand the Company Culture
Before your interview, take some time to research Munich Re's culture and values. They emphasise being present, bold, and curious, so think about how you can demonstrate these traits in your responses.
✨Showcase Your Analytical Skills
As a Business Analyst, you'll need strong analytical skills. Prepare examples of how you've tackled complex problems in the past, particularly in IT or digital projects within Commercial Insurance.
✨Prepare for Agile Methodologies
Since the role involves leading Agile, Iterative, and Waterfall projects, be ready to discuss your experience with these methodologies. Highlight specific projects where you successfully implemented these approaches.
✨Emphasise Communication and Stakeholder Management
Effective communication is key in this role. Think of instances where you've built strong relationships with stakeholders or influenced decisions. Be prepared to discuss how you manage expectations and ensure customer satisfaction.
