Senior Business Analyst - Insurance - Hybrid in London
Senior Business Analyst - Insurance - Hybrid

Senior Business Analyst - Insurance - Hybrid in London

London Full-Time 72000 - 108000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead solution implementations in the P&C insurance sector, ensuring high-quality analysis and communication.
  • Company: Join ValueMomentum, a top solutions provider for the global property & casualty insurance industry.
  • Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
  • Why this job: Make a real impact in the insurance industry while working with cutting-edge technology.
  • Qualifications: 15+ years of experience in business analysis within the P&C insurance domain.
  • Other info: Collaborative environment with a focus on innovation and career advancement.

The predicted salary is between 72000 - 108000 Β£ per year.

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.

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 comprehend the data flows, user roles, and business features/needs in scope.

The responsibilities include:

  • Planning activities, reviewing the plan, task breakdown, scheduling, and detailing outcomes.
  • Staying updated on the latest developments in the insurance industry relevant to the allocated project/client.
  • Experience and knowledge of Ceded Reinsurance in the P&C Insurance Domain with Underwriting workbench.
  • Conducting analysis, documentation, presentation, and communication of high quality.
  • Implementing software solutions using established Insurance software products or customized software solutions.
  • Implementing various business features and transactions: Policy Administration, Rating, Underwriting, Claims, Reinsurance of various insurance products.
  • Engaging with Insurance IT, Business teams, and all internal and external stakeholders involved in implementations and rollout to determine business requirements.
  • Configuring rating logic and business rules along with patterns of business logic.
  • Performing functional testing of the solution to troubleshoot and identify issues quickly, reporting to respective stakeholders and tracking to closure during development and before deployment.
  • Demonstrating the solution, discussing scope changes to determine impact analysis, and engaging with UAT users to assist in completing UAT.
  • Providing detailed walkthroughs of the system requirements, closely working with technical associates on project development activities, reviewing test cases, assisting in closing the QA cycle, and providing knowledge transfer to other team members.
  • Informing about criticality, impact, risks, and priority as part of change management.

Senior Business Analyst - Insurance - Hybrid in London employer: ValueMomentum

ValueMomentum is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of London. With a strong focus on employee growth, we provide extensive training and development opportunities tailored to enhance your skills in the P&C insurance domain. Our hybrid work model promotes a healthy work-life balance, while our commitment to staying at the forefront of industry advancements ensures that you will be part of a team that is not only trusted by over 75 insurers but also dedicated to making a meaningful impact in the insurance sector.
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Contact Detail:

ValueMomentum Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Senior Business Analyst - Insurance - Hybrid in London

✨Tip Number 1

Network like a pro! Get out there and connect with industry professionals on LinkedIn or at local meetups. We all know that sometimes it’s not just what you know, but who you know that can help you land that Senior Business Analyst role.

✨Tip Number 2

Prepare for those interviews by practising common questions related to P&C insurance and business analysis. We recommend doing mock interviews with friends or using online platforms to get comfortable discussing your experience and skills.

✨Tip Number 3

Showcase your expertise! Bring along examples of your previous work or case studies that highlight your problem-solving skills in the insurance domain. We want to see how you’ve tackled challenges and delivered results.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!

We think you need these skills to ace Senior Business Analyst - Insurance - Hybrid in London

Business Analysis
P&C Insurance Domain Knowledge
Ceded Reinsurance
Underwriting Workbench
Software Implementation
Policy Administration
Rating
Claims Management
Stakeholder Engagement
Configuration of Business Rules
Functional Testing
Impact Analysis
User Acceptance Testing (UAT)
Documentation Skills
Communication Skills

Some tips for your application 🫑

Tailor Your CV: Make sure your CV is tailored to the Senior Business Analyst role in the P&C Insurance sector. Highlight your relevant experience, especially in areas like underwriting and claims, and don’t forget to showcase your analytical skills!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific projects or experiences that relate to the job description and show us your passion for the insurance industry.

Showcase Your Communication Skills: As a Business Analyst, communication is key. In your application, demonstrate your ability to convey complex ideas clearly. Whether it’s through your CV, cover letter, or any additional documents, make sure we can see your strong communication skills.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re proactive and keen to join our team!

How to prepare for a job interview at ValueMomentum

✨Know Your Stuff

Make sure you brush up on your knowledge of the P&C insurance domain, especially around Ceded Reinsurance and Underwriting workbench. Familiarise yourself with the latest trends and updates in the industry, as this will show that you're not just a candidate but someone who is genuinely interested and informed.

✨Showcase Your Analytical Skills

Prepare to discuss specific examples where you've successfully orchestrated solution implementations. Highlight your experience in planning, task breakdown, and scheduling. Use the STAR method (Situation, Task, Action, Result) to structure your responses and demonstrate your analytical prowess.

✨Engage with Stakeholders

Since this role involves a lot of client interaction, be ready to talk about how you've engaged with various stakeholders in past projects. Share examples of how you’ve gathered business requirements and ensured that development aligns with those needs. This will showcase your communication skills and ability to collaborate effectively.

✨Be Ready for Technical Questions

Expect some technical questions related to software solutions and functional testing. Brush up on your knowledge of insurance software products and be prepared to discuss how you've configured rating logic or business rules in previous roles. This will help you demonstrate your hands-on experience and technical understanding.

Senior Business Analyst - Insurance - Hybrid in London
ValueMomentum
Location: London

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