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, competitive salary, and opportunities for professional growth.
- Other info: Dynamic role with significant career advancement potential.
- Why this job: Be at the forefront of modernising underwriting processes and make a real impact.
- Qualifications: Experience as a Business Analyst in the London Insurance Market is essential.
The predicted salary is between 60000 - 75000 € 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
- Experience working on digital transformation Underwriting projects
- 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 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 transformative journey in underwriting capabilities, where your expertise will directly contribute to shaping the future of our business.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Business Analyst
✨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 insurance market. We recommend practising common interview questions and having examples ready that showcase your experience with large-scale change initiatives.
✨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 in the London/Lloyd's Insurance Market, and tailor your approach to each one.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Share any additional insights you might have thought of post-interview that relate to the Underwriting Workbench programme.
We think you need these skills to ace Senior Business Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Business Analyst role. Highlight your experience in the London/Lloyd's Insurance Market and any large-scale underwriting change projects you've worked on. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you the perfect fit. Don’t forget to mention specific experiences that relate to the Underwriting Workbench programme.
Showcase Relevant Skills:When filling out your application, be sure to showcase your understanding of underwriting processes and your experience with digital transformation projects. We’re keen to see how you can contribute to our strategic transformation project!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
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 past 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 their 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 shaped strategic objectives. This will demonstrate your ability to lead business analysis activities effectively.
✨Familiarise Yourself with Agile Methodologies
Since experience within Agile or hybrid delivery frameworks is crucial, make sure you can discuss how you've applied these methodologies in your previous roles. Prepare to explain how you’ve contributed to successful outcomes in digital transformation projects.
