At a Glance
- Tasks: Analyse product changes and support implementation in a dynamic insurance environment.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Inclusive culture, first-class training, and opportunities for personal development.
- Other info: Embrace continuous improvement and build valuable relationships across the business.
- Why this job: Make a real impact by shaping product strategies and collaborating with diverse teams.
- Qualifications: Experience in analysis, agile methodologies, and knowledge of insurance principles.
The predicted salary is between 54000 - 66000 £ per year.
Overview
About us
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry.
Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents.
Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace.
Join us and become part of our talented and passionate workforce.
Role Purpose
It is the responsibility of the technical business analyst to deliver product change related analysis, with a view to supporting the implementation of that product change to the wider business as part of the product delivery lifecycle.
Leveraging their analysis knowledge, and London Market and Underwriting expertise, to play a key role helping to realise product strategy through clear elicitation of requirements from our Product Owner and the wider business, building clearly defined stories for our development partners.
Day to day responsibilities of the role include daily stand ups and elicitation sessions to ensure we deliver the required analysis products to an agreed schedule, ensuring adherence to the defined governance, process, and service level agreements.
Working closely with the Product Manager for Underwriting you will produce detailed stories defining future change and support items; sizing and planning them in line with product planning events.
The analysis products must meet business needs by providing a clear, robust and fit for purpose set of requirements to help deliver product change in line with the agreed strategy.
Day to day responsibilities of the role include daily stand ups, elicitation sessions to ensure we delivery the required analysis outputs to an agreed schedule, providing a clear, robust and fit for purpose set of requirements to help deliver product change in line with the defined delivery frameworks, governance and SLA’s, whilst also supporting ongoing communication with business stakeholders, third parties and suppliers as part of the delivery.
Key Responsibilities
- Analysis
- The elicitation of product related requirements through business stakeholder and third-party engagement.
- Ensure requirements are fit for purpose and adhere to product analysis governance.
- Clearly understand and be able to articulate business/system outcomes and map them to requirements.
- Challenge the business to accurately define the changes necessary to deliver the business outcomes that are being sought.
- Provide valuable insight and input into discussions on proposed business solutions
- Work closely with delivery teams to refine and transform business requirements into user stories with clear, achievable acceptance criteria, with a view to successfully delivering product change.
- Support pricing and underwriting with any product related queries
- Support the product incident management process, through prioritisation and investigation.
- Support senior technical analysts in delivering large scale product change.
- Help prioritise change alongside the senior technical business analyst
- Facilitate business stakeholders sign-off as per the agreed delivery framework and governance.
- Participate in team ceremonies in line with the agreed delivery frameworks.
- Main point of contact for business stakeholders in relation to product change
- Facilitate change management of existing requirements.
- Build and maintain relationships with business stakeholders and delivery teams.
- Personal Development / Continuous Improvement
- Promote and embrace a culture of continuous improvement, carrying out improvements in line with delivery methods.
- Self starter who is driven to support the business to delivery high value initiatives and doesn’t wait for direction but seeks to model best practice analysis
- A team player who can help to role model what good looks like when it comes to analysis and support in the development of other team members.
- Build relationships with stakeholders across key departments within the business.
- Seek feedback from colleagues to aide development within the role
- Actively seek opportunities to help lead product deliverables
- Proactively develop technical analysis related skills with a view to providing value to the product delivery team.
- Embody and amplify our company values in all aspects of day to day activity ensuring that all interactions and engagements are carried out with the highest ethical and professional standards and that all work is accomplished with quality and in accordance with these values.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies.
This description may be varied from time to time to reflect changing business requirements.
Qualifications, Skills And Experience
- Good knowledge of the MS Office Suite, specifically a strong knowledge of Excel.
- Ability to carry out contemporary requirements elicitation using agile based methods.
- Previous experience of working in a variety of delivery methodologies including delivery in an agile environment (e. g. SCRUM and Kanban).
- Previous experience of working in an insurance environment, or;
- A firm understanding of the current product offerings and underwriting principles
- Core behavioural competencies
- Analysis and decision making
- Innovation and problem solving
- Strategic perspective
- Relationships
- Communication and influence
- Development of self and others
- Additional Information
- A full job description can be seen here
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic.
We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees.
We offer first class training and development opportunities to all employees.
Our aim is to grow our own talent and bring out the best in people.
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Technical Business Analyst employer: Starr
Starr is an excellent employer that prioritises employee growth and development, offering a supportive work culture where learning is at the forefront. With a hybrid working model, employees enjoy the flexibility of working from home while also benefiting from in-person collaboration three days a week. The company fosters a positive environment for professional advancement, making it an ideal place for those looking to make a meaningful impact in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Technical 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 Starr. 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 Technical 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 Starr.
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 Starr'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 Starr
✨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 Starr.
✨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 Starr 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 Starr 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.
