Senior Business Development Analyst

Senior Business Development Analyst

Full-Time 49500 - 60500 £ / year (est.) Home office (partial)
RenaissanceRe

At a Glance

  • Tasks: Analyse client data and provide insights to enhance our Client Management strategy.
  • Company: Join RenaissanceRe, a leader in Property & Casualty Reinsurance with a social purpose.
  • Benefits: Competitive pay, comprehensive benefits, and a culture that values diversity and inclusion.
  • Other info: Dynamic work environment with opportunities for growth and community engagement.
  • Why this job: Make a real impact by solving complex challenges and supporting communities globally.
  • Qualifications: 2-4 years in analytics, strong communication skills, and proficiency in data tools.

The predicted salary is between 49500 - 60500 £ per year.

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims. Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

For over three decades, RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. We’re experts in Property, Casualty, Specialty, and Credit reinsurance, consistently recognized for the innovative way we combine data, experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose - we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the world’s most complicated challenges.

Position Summary

The Senior Business Development Analyst supports the development of client analytics, research, and data‑driven insights that inform RenRe’s Client Management strategy. This role conducts detailed quantitative analysis of internal and external data to understand client behaviour, reinsurance programs, market positioning, and peer comparisons. As part of the Global Business Development team, the role collaborates with Underwriting and senior stakeholders to deliver reporting, models, insights, and client‑facing materials that enhance decision‑making and improve client engagement. The position requires strong analytical and communication skills, along with the ability to manage multiple priorities in a fast‑paced environment.

Principal Accountabilities:

  • Client Data & Insights: Support and develop Client Data & Analytics insights to evolve and enhance our Client Management approach (e.g. Stakeholder mapping, Share of Wallet insights).
  • Support and evolve our Client Segmentation approach by sourcing data and insights that enable Underwriting leadership to make decisions and execute strategies.
  • Contribute to the deployment of Client Management strategies and delivery of our Value Proposition through effective segmentation.
  • Support Horizon 0 option building by enhancing client level data and insights that enable client planning and the optimal deployment of client management strategies.
  • Conduct detailed quantitative analyses of internal and external data sources to develop insights into clients, their behaviours, and their reinsurance programs, including market and peer-based perspectives.
  • Complete ad hoc requests for research, analysis, and reporting by pulling from diverse internal and external data sources, applying appropriate analytical methods, and delivering meaningful insights.

Reporting & Modelling:

  • Produce and enhance core MI / Client Intelligence reports including but not limited to: Client comparative analysis based on external data sources, Actual vs Expected results review of specific clients and groups of clients, Customer Relationship Management data (contacts, accounts, relationship activity), Other reports that arise as our data and tools capabilities expand.
  • Recommend enhancements for core reporting and opportunities to streamline reporting processes.
  • Contribute to the design, creation and testing of new client and broker specific reporting and outreach.

Strategic Projects & Client Management Support:

  • Contribute to the creation of bespoke or ad hoc reporting and presentations in support of client and broker engagement, often in partnership with senior underwriting team members.
  • Participate in Client and Broker Intelligence processes including but not limited to: Platform Client Engagement, Strategic Broker Engagement.
  • Contribute to broader Corporate and Underwriting Strategy processes and communication as needed.

Stakeholder Collaboration:

  • Work with underwriting Client Leads and Client Analysts to understand their Client and Broker Management data and reporting needs, enhancing how insights are pushed to front‑line decision makers.
  • Work and communicate effectively with Underwriting Client Leads, underwriting teams, and senior management to address client insights requirements.

Skills/Knowledge/Experience Necessary:

  • Two to four years of experience in an analytical role, preferably in the financial services or insurance industry.
  • Consulting or underwriting experience would be an asset.
  • Use in‑house systems and external data tools to extract required data.
  • Experience at intermediate to advanced level with S&P Market Intelligence / Capital IQ would be an asset.
  • Use Microsoft Office products to assist with the analysis and presentation of information.
  • Excel – intermediate to advanced; ability to use wide range of functions/calculations and create pivot tables.
  • PowerPoint – intermediate to advanced; ability to create detailed charts from various data sources.
  • PowerBI – comfortable navigating developed PowerBI dashboards; potential opportunity to work on reporting enhancements in PowerBI Desktop.
  • SharePoint – intermediate to advanced; ability to manage content.
  • Excellent verbal and written communication and interpersonal skills.
  • Excellent self‑directed research skills, including the ability to conduct primary research, manipulate large data sets, reconcile data from different perspectives, present data clearly, and thrive in the ambiguity inherent in strategic thinking.
  • Ability to perform independently with minimal supervision.
  • Adept at communicating with peers inside and outside of the organisation as well as managers and other senior members of staff.
  • Experience working in a setting where the scope of work may involve multiple people at different levels of seniority.
  • Actively seeks feedback whilst taking the responsibility to improve skills.
  • Open to new ideas and ways of thinking.
  • Can prioritise workload and work flexibly in a time efficient manner.
  • Works toward team goals and contribute in ways that benefit the entire team.

We believe that meeting these requirements will position you for success in the role. However, if you fulfill most – but not all – of the expectations, we still encourage you to apply, as we are eager to explore your potential and believe in the ability to grow and learn.

At RenaissanceRe, we believe in creating a workplace culture that fosters diversity, equity, and inclusion throughout our business. We have a zero‑tolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRe’s policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/ civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

Our people are our most valuable resource and core to our success. This is a fast‑paced business environment, demanding a strong work ethic and a results‑oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally‑led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism.

We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories.

Senior Business Development Analyst employer: RenaissanceRe

RenaissanceRe is an exceptional employer that prioritises employee growth and development within a collaborative and entrepreneurial culture. With a strong commitment to diversity, equity, and inclusion, employees are empowered to contribute meaningfully while enjoying competitive compensation and comprehensive benefits. Located in vibrant cities like Bermuda, London, NYC, and Zurich, RenaissanceRe offers unique opportunities for professional advancement and community engagement, making it a rewarding place to build a career in the reinsurance industry.

RenaissanceRe

Contact Details:

RenaissanceRe Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Business Development Analyst

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

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We think you need these skills to ace Senior Business Development Analyst

Analytical Skills
Client Data Analysis
Quantitative Analysis
Data Management
Microsoft Excel (Intermediate to Advanced)
Microsoft PowerPoint (Intermediate to Advanced)
PowerBI

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to RenaissanceRe.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on RenaissanceRe's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at RenaissanceRe

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with RenaissanceRe.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at RenaissanceRe will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former RenaissanceRe employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.