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For Companies At a Glance
- Tasks: Review client processes to identify risks and improve efficiency in insurance products.
- Company: Join a vibrant insurtech scale-up with exciting growth after securing Series A funding.
- Benefits: Enjoy opportunities for advanced qualifications and skills development in a dynamic environment.
- Why this job: Be part of a cutting-edge team shaping the future of insurance technology.
- Qualifications: BSc or MSc in analytical subjects; insurance experience preferred but not essential.
- Other info: Work in Agile environments and gain exposure to product development and project management.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Senior Business Analyst (Insurance)
My client is a vibrant scale-up who have just secured Series A funding and are looking to expand greatly over the coming years. They specialise in the insurance sector and are in need of an additional Senior Business Analyst with plenty of experience in the insurance space to help them develop their two key products..
Summary of role:
The Business Analyst is responsible for reviewing assigned client business processes from end-to-end to identify and address operational, financial and technological risks. Identify opportunities to improve efficiency. Liaise with software team to provide most efficient solution. This role will work in the General Insurance space, specifically helping them to develop their product.
Experience of:
- BSc or MSc in analytical subject e.g. Mathematics, Sciences, Engineering is required
- Insurance – either in an underwriting, actuarial or systems capacity would be beneficial
- Prefer London Market experience either directly within Lloyd’s or one of the Managing Agents or Delegated Authorities but not necessary
- Advanced knowledge of MS Excel including VBA and User Defined Functions is essential
- Insurance pricing model techniques
- Experience in Word and Powerpoint
- R or Python experience beneficial but not required
- Client requirement gathering exercises such as 1 to 1 meetings and workshops
- Experience creating specifications and using advanced specification techniques including various technical diagrams required for software builds
- Experience and knowledge of Behaviour-Driven Development (BDD) in Gherkin syntax
- Solid Agile BA experience
- Product development and the life cycle of a software product
- Project planning software such as TeamGantt
- Ticket tracking software such as JIRA and Agile workflows
Additional skills and qualifications you will develop as a Business Analyst and into future roles
- Continue to develop your understanding of the dependencies between elements of a project through running daily meetings with developers, business analysts and clients.
- Be able to understand client priorities and how these relate to software deliverables through running meaningful and structured meetings
- Client/project management skills required to keep clients happy and projects on track
- Advanced BA qualifications provided and funded depending on your specialisation (industry specific, project management, product development etc.)
- Advanced product/project management skills based on the path taken
General Insurance / Pricing Business Analyst - Insurtech - London x employer: The Workplace Consultancy
Contact Detail:
The Workplace Consultancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land General Insurance / Pricing Business Analyst - Insurtech - London x
✨Tip Number 1
Familiarise yourself with the latest trends in the insurance sector, especially in insurtech. Understanding how technology is transforming traditional insurance practices will give you an edge during interviews and discussions.
✨Tip Number 2
Network with professionals in the insurance and insurtech fields. Attend industry events or webinars to connect with potential colleagues and learn about the challenges they face, which can help you tailor your approach when discussing your experience.
✨Tip Number 3
Brush up on your technical skills, particularly in MS Excel and any relevant programming languages like R or Python. Being able to demonstrate your analytical capabilities with real examples can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with Agile methodologies and Behaviour-Driven Development (BDD). Be ready to share specific instances where you've successfully implemented these practices in past projects, as this will resonate well with the hiring team.
We think you need these skills to ace General Insurance / Pricing Business Analyst - Insurtech - London x
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance sector, particularly any roles related to underwriting, actuarial work, or systems. Emphasise your analytical skills and any specific projects that align with the job description.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience with insurance pricing models and any familiarity with Agile methodologies. Be sure to connect your background to the specific needs of the company.
Showcase Technical Skills: Highlight your advanced knowledge of MS Excel, including VBA and User Defined Functions. If you have experience with R or Python, mention it as well, even if it's not required. This will demonstrate your technical proficiency.
Prepare for Client Interaction: Since the role involves client requirement gathering, prepare examples of how you've successfully managed client relationships in the past. Discuss your experience running meetings and workshops to gather requirements effectively.
How to prepare for a job interview at The Workplace Consultancy
✨Showcase Your Analytical Skills
As a Business Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've identified operational or financial risks in previous roles and the solutions you implemented. This will demonstrate your ability to add value to their team.
✨Familiarise Yourself with Insurance Pricing Models
Since the role focuses on insurance pricing, brush up on various pricing model techniques. Be ready to explain how these models work and how you've applied them in past experiences. This knowledge will set you apart from other candidates.
✨Understand Agile Methodologies
The company values Agile experience, so be sure to highlight your familiarity with Agile workflows and tools like JIRA. Discuss any relevant projects where you've successfully implemented Agile practices, as this will show you're a good fit for their working style.
✨Prepare for Client Interaction Scenarios
Given the emphasis on client requirement gathering, think of scenarios where you've effectively managed client expectations or facilitated workshops. Prepare to share these experiences, as they will illustrate your project management skills and ability to keep clients satisfied.
