At a Glance
- Tasks: Lead transformative projects in the London Insurance Market and enhance underwriting capabilities.
- Company: Join a leading insurer with a focus on innovation and collaboration.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Dynamic role with a chance to work closely with industry experts.
- Why this job: Make a significant impact in a strategic transformation project within the insurance sector.
- Qualifications: Experience as a Business Analyst in the London/Lloyd's Insurance Market is essential.
The predicted salary is between 60000 - 80000 € per year.
Joining this leading Insurer as a Senior Business Analyst you will have significant experience working as a Business Analyst within the London/Lloyd's Insurance Market with experience working on large scale Underwriting change projects as an essential requirement for this role. The Senior Business Analyst will play a pivotal role in the delivery of an Underwriting Workbench programme. This is a strategic transformation project focusing on modernising underwriting capabilities across their London Market business.
Key responsibilities
- Lead Business Analysis activities across the full life cycle of the Underwriting Workbench programme
- Work closely with Underwriters and operational stakeholders to understand current workflows, pain points and strategic objectives
- Work closely with the Testing team
- Define and shape the target operation model aligned to future underwriting capabilities
- Translate London Market processes (placement, binding, endorsements, renewals, delegated authority where applicable) into system and data requirements
- Collaborate with Architecture and Technology teams to ensure solutions align with enterprise strategy
Key skills/experience required
- Proven experience working as a Business Analyst in the London/Lloyd's Insurance Market, preferably an MGA, is essential
- Strong understanding of underwriting processes across the policy life cycle
- Experience working on underwriting platforms, workbench implementations or core system transformation programmes
- Proven track record delivering large-scale change initiatives in a complex insurance environment
- Experience engaging with Underwriters
- Strong knowledge of the London Market ecosystem (Lloyd's, brokers, coverholders, delegated authority, bordereaux, PPL, messaging standards)
- Understanding of process modelling notation
- Experience working within Agile and/or hybrid delivery frameworks
Senior Business Analyst in London employer: Next Employment Ltd
As a leading Insurer in the heart of London, we pride ourselves on fostering a dynamic and inclusive work culture that champions innovation and collaboration. Our hybrid working model allows for a balanced approach to work-life integration, while our commitment to employee development ensures that you will have ample opportunities to grow your skills and advance your career within the thriving London Market. Join us to be part of a strategic transformation project that not only modernises underwriting capabilities but also empowers you to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Business Analyst in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the London Market and let them know you're on the lookout for a Senior Business Analyst role. You never know who might have the inside scoop on opportunities or can refer you directly.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of underwriting processes and the latest trends in the London Market. We recommend practising common interview questions and scenarios related to large-scale change initiatives to showcase your expertise.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that match your skills and experience in the insurance sector, especially those involving underwriting platforms and transformation projects.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show your genuine interest in the role and the company.
We think you need these skills to ace Senior Business Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to highlight your experience in the London/Lloyd's Insurance Market. We want to see how your background aligns with the key responsibilities of the Senior Business Analyst role, especially your work on underwriting change projects.
Showcase Relevant Skills:When writing your application, emphasise your understanding of underwriting processes and your experience with large-scale change initiatives. We’re looking for specific examples that demonstrate your ability to lead Business Analysis activities effectively.
Be Clear and Concise:Keep your application clear and to the point. Use bullet points where possible to make it easy for us to see your qualifications at a glance. Remember, we appreciate straightforward communication, especially when it comes to complex topics like underwriting.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do and our company culture.
How to prepare for a job interview at Next Employment Ltd
✨Know Your Underwriting Inside Out
Make sure you brush up on your knowledge of underwriting processes and the London Market ecosystem. Be ready to discuss specific examples from your experience that demonstrate your understanding of placement, binding, endorsements, and renewals.
✨Showcase Your Change Management Skills
Prepare to talk about large-scale change initiatives you've led or been a part of. Highlight your role in these projects and how you navigated challenges, especially in complex insurance environments. This will show your potential employer that you can handle the demands of the Underwriting Workbench programme.
✨Engage with Stakeholders
Think about how you've collaborated with Underwriters and operational stakeholders in the past. Be ready to share examples of how you identified pain points and translated them into actionable insights. This will demonstrate your ability to lead Business Analysis activities effectively.
✨Familiarise Yourself with Agile Methodologies
Since the role involves working within Agile or hybrid delivery frameworks, it’s crucial to understand these methodologies. Prepare to discuss how you've applied Agile principles in your previous roles, particularly in relation to system and data requirements for underwriting platforms.
