At a Glance
- Tasks: Lead solution implementations in the P&C insurance domain, engaging with stakeholders and ensuring quality outcomes.
- Company: ValueMomentum, a top solutions provider for the global property & casualty insurance industry.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Join a trusted leader in insurance solutions and make a real impact in a dynamic environment.
- Qualifications: 15+ years of experience in business analysis within the P&C insurance sector.
- Other info: Collaborative culture with a focus on innovation and career advancement.
The predicted salary is between 36000 - 60000 Β£ per year.
Experience: 15+ Years
Location: London, UK - Hybrid 3 days onsite/week
About ValueMomentum:
ValueMomentum is a leading solutions provider for the global property & casualty insurance industry, supported by deep domain and technology capabilities. We offer a comprehensive suite of advisory, development, implementation, and maintenance services across the entire P&C insurance value chain. This includes Underwriting, Claims, Distribution, and more, empowering insurers to stay ahead with sustained growth, high performance, and enhanced stakeholder value. Trusted by over 75 insurers, ValueMomentum is one of the largest standalone insurance-focused solutions providers to the insurance industry.
Job Description:
A Business Analyst is a client-facing role that will orchestrate solution implementations leveraging core Business Analysis skills, domain, and functional understanding in coordination with the entire team. The analyst will first understand the solution, tools, technology landscape, and architecture of the solution to understand the data flows, user roles, business features/needs in scope, etc. They will then perform the activity of planning their activities, reviewing the plan, task breakdown, scheduling, and detailing the outcomes from each. The analyst will ensure relevant and latest updates in the insurance industry for geography relevant to the allocated project/client are known and utilized during implementation.
Critical Traits:
- Experience and knowledge of Ceded Reinsurance in the P&C Insurance Domain with Underwriting workbench.
- Analysis, documentation, presentation, and communication should be detailed where required and of high quality.
- Flexibility to adjust work timings and willingness to achieve stretched targets when required.
- Assertive and highly motivated, comfortable managing multiple tasks at any point in time.
- Excellent interpersonal and communication skills.
- Experience in implementing software solutions using established Insurance software products or customized software solutions.
- Experience in implementing various business features and transactions: Policy Administration, Rating, Underwriting, Claims, Reinsurance of various insurance products.
Key Responsibilities:
- Engage with Insurance IT, Business teams, and all internal and external stakeholders involved in implementations and rollout to determine business requirements, ensuring development aligns with requirements and scope.
- Configure/provide configuration of rating logic and business rules along with patterns of business logic.
- Document and articulate all functional, UI, and product requirements using standard methods.
- Understand the offerings and products that will be implemented; understand what is currently available, supported, and not supported, and present the same.
- Perform functional testing of the solution to troubleshoot and identify issues quickly, report to respective stakeholders, and track to closure during development and before deployment.
- Demonstrate the solution, discuss scope changes to determine impact analysis; engage with UAT users to assist in completing the UAT.
- Provide detailed walkthroughs of the system requirements, closely work with technical associates on project development activities, review test cases, and assist in closing the QA cycle, providing knowledge transfer to other team members.
- Provide estimates for the activities; as part of change management inform the criticality, impact, risks, and priority. Provide timely walkthroughs of the work items β documentation, configured products, solution; regularly update the complex and challenging scenarios.
Sr Business Analyst - P&C Insurance Domain in City of London employer: ValueMomentum
Contact Detail:
ValueMomentum Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Sr Business Analyst - P&C Insurance Domain in City of London
β¨Network Like a Pro
Get out there and connect with folks in the P&C insurance space! Attend industry events, webinars, or even local meetups. The more people you know, the better your chances of landing that dream job.
β¨Show Off Your Skills
When you get the chance to chat with potential employers, donβt hold back! Share specific examples of how you've tackled challenges in previous roles, especially those related to underwriting or claims. We want to see your expertise shine!
β¨Tailor Your Approach
Every company is different, so make sure you tailor your conversations to fit their needs. Research ValueMomentum and understand their projects in the P&C insurance domain. This will help you speak their language and show you're genuinely interested.
β¨Apply Through Our Website
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Sr Business Analyst - P&C Insurance Domain in City of London
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Sr Business Analyst role in the P&C Insurance domain. Highlight your experience with Ceded Reinsurance and any relevant software solutions you've implemented. 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 the insurance industry and how your background makes you a perfect fit for our team. Donβt forget to mention your flexibility and motivation to meet targets, as these traits are key for us.
Showcase Your Communication Skills: As a Business Analyst, communication is crucial. In your application, demonstrate your ability to articulate complex ideas clearly. Whether it's through your CV or cover letter, we want to see examples of your documentation and presentation skills.
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, it shows us youβre proactive and keen to join our team!
How to prepare for a job interview at ValueMomentum
β¨Know Your P&C Insurance Inside Out
Make sure you brush up on your knowledge of the property and casualty insurance domain, especially around ceded reinsurance and underwriting workbenches. Familiarise yourself with the latest trends and updates in the industry, as this will show your potential employer that you're not just knowledgeable but also genuinely interested in the field.
β¨Master the Art of Communication
As a Business Analyst, you'll need to articulate complex ideas clearly. Practice explaining your past projects and experiences in a way that's easy to understand. Use examples that highlight your analysis, documentation, and presentation skills, as these are crucial for the role.
β¨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific situations, such as managing multiple tasks or dealing with stakeholders. Think of examples from your experience where you've successfully navigated similar challenges, and be ready to discuss the outcomes.
β¨Showcase Your Flexibility and Motivation
The job requires flexibility in work timings and a willingness to meet stretched targets. Be prepared to share instances where you've gone above and beyond in your previous roles. Highlight your assertiveness and motivation to achieve results, as these traits are essential for success in this position.