At a Glance
- Tasks: Analyse and structure insurance products for a simplified, system-ready model.
- Company: Leading London Market insurance firm with a focus on innovation.
- Benefits: Flexible working model, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with a mix of onsite and remote work.
- Why this job: Join a dynamic team to make a real impact in the insurance industry.
- Qualifications: 10+ years as a Business Analyst in London Market insurance with strong analytical skills.
The predicted salary is between 80000 - 100000 £ per year.
Salary: £? - ? per year
Requirements
- 10+ years of experience as a Business Analyst in London Market insurance
- Experience analysing insurance products or product documentation
- Strong analytical and documentation skills
- Experience working with underwriting or product development teams
- Strong understanding of specialty/commercial insurance operations
- Experience documenting underwriting and policy servicing processes to L2/L3 detail
- Previous involvement in PAS transformations or Guidewire programmes
- Understanding of Lloyds and company market operating models
- Exposure to Guidewire implementations
- Specialty insurance product understanding
- Ability to analyse complex product variations
- Strong Excel and data structuring capability
- Workshop support and stakeholder coordination skills
Responsibilities
- Support our clients Product Rationalisation workstream by analysing and structuring existing insurance products across the European business to create a simplified, system-ready product model for Guidewire PolicyCenter
- Identify and catalogue all in-scope European products across classes
- Gather product documentation, including product definitions, coverage structures, rating sheets, underwriting guidelines and policy forms
- Create a structured product inventory register
- Analyse existing products to identify duplicate or overlapping products, variations across jurisdictions, coverage structure differences, optional extensions and endorsements, and regulatory-driven variations
- Support the client in distinguishing true product differences from parameter variations
- Assist the client, Product Owner and client BAs in grouping products into product families, defining core products and variants, identifying opportunities for standardisation, and reducing unnecessary product proliferation
- Develop structured documentation including product definition templates, coverage structure diagrams, product comparison matrices and product rationalisation analysis packs
- Support product rationalisation workshops by preparing analysis materials, documenting decisions and action items, maintaining rationalisation trackers and preparing decision summaries for Product Owner review
- Work with the Guidewire functional architect to ensure product definitions align with Guidewire product model structures, coverage patterns, rating structures and rules configuration
- Facilitate workshops with underwriters, underwriting assistants, operations teams, product owners and SMEs across London Market specialty lines
- Define end-to-end underwriting and policy administration journeys including submission intake, quote, referral, bind, endorsements / MTAs, renewals, cancellation, reinstatement, mid-term servicing, broker interactions, document production and bordereaux / delegated authority touchpoints
- Produce L1/L2/L3 process maps, user journeys, swimlane workflows, pain point analysis, functional requirements, epics, features and user stories
Technologies
- Architect
- Excel
- Support Product Owner
More: We are supporting a London-based role focused on product rationalisation and underwriting process analysis across the European and London Market insurance environment. The role works closely with product owners, underwriters, operations teams, SMEs and a Guidewire functional architect to create structured product documentation and align business processes and product definitions with Guidewire PolicyCenter. The working model is 2–3 days per week onsite in London, with the remaining days remote.
Product Business Analyst employer: Sivara GmbH
As a leading player in the London Market insurance sector, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to excel. With a strong focus on professional development, we offer numerous growth opportunities and support for continuous learning, ensuring that our team members thrive in their careers. Our flexible working model, combining onsite collaboration in vibrant London with remote work, allows for a balanced lifestyle while engaging in meaningful projects that drive the future of insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Product Business 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
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
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
Don’t shy away from reaching out directly to firms like Sivara GmbH. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Product Business Analyst
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 Sivara GmbH.
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 Sivara GmbH'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 Sivara GmbH
✨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 Sivara GmbH.
✨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 Sivara GmbH 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 Sivara GmbH 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.
