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- Tasks: Transform business needs into clear specifications and mentor junior analysts.
- Company: Join Verisk, a leader in innovative insurance software solutions.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic team environment with opportunities for career advancement.
- Why this job: Make a real impact in the insurance industry while working with cutting-edge technology.
- Qualifications: 5+ years as a Business Analyst in insurance, strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
About Verisk Specialty Business Solutions: Verisk Specialty Business Solutions, part of the global Verisk family, is a leading provider of innovative insurance and reinsurance software solutions. We specialize in delivering successful transformation programs for underwriters, brokers, and MGAs within the Lloyd’s, companies, and international insurance/reinsurance sectors. Our Sequel product range offers class-leading, end-to-end solutions that enhance client experiences and better inform risk decisions.
Position Overview: We are seeking a Senior Business Analyst to join our team. The ideal candidate brings 4+ years’ Business Analysis experience within insurance (London Market exposure highly desirable, not essential). You will join the team at an exciting time and translate business needs into clear, testable specifications, providing examples and clarifications as required. You will work on various initiatives including client projects and product development activities working closely with UI/UX, Engineering, QA, Product Owners and other key stakeholders. You will also mentor junior BAs, providing day‑to‑day guidance, constructive feedback, and sharing best practice across the BA community.
Responsibilities- Product & domain expertise: Build a deep understanding of Broking solution functionality and develop specialist knowledge in designated product areas.
- Process & systems analysis: Analyse complex processes, functions and procedures to determine the most effective product approach to meet organisational needs.
- Workshops & discovery: Provide detailed rationale and user‑case knowledge during design and requirements sessions; lead internal and client workshops to elicit and validate requirements.
- Requirements translation: Work with colleagues to convert business requirements into clear, testable functional requirements.
- Coaching & review: Support and review work from junior analysts within the project team to ensure quality and completeness of requirements.
- Estimating: Provide and deliver analysis estimates to Product Owner and track progress.
- Escalations & resolution: Liaise with Product Owner on risks, escalations and problem resolution within the team.
- Stakeholder engagement: Collaborate with users and stakeholders to gather, analyse and document business requirements.
- BA deliverables: Produce user stories, use cases and requirements documentation, demonstrating a clear understanding of business and functional needs.
- Build support: Work closely with development and product teams to ensure requirements are implemented as intended.
- Clarifications during build: Respond promptly to questions and remove ambiguity throughout the development phase.
- Planning & delivery: Participate in project planning and management activities, contributing to scope, milestones and risk management.
- Training: Deliver targeted training for clients and colleagues on complex areas of the platform/process.
- 5+ years as a Business Analyst within the insurance industry (London Market Broking experience strongly desirable).
- Strong analytical and problem-solving skills, with a track record of requirements elicitation, management and documentation, including use-case development.
- Experience delivering in Agile and/or Waterfall environments; solid understanding of the Product Life Cycle principles.
- Excellent communication and interpersonal skills; able to tailor content to business and technical audiences.
- Proven ability to work in cross-functional, team-oriented environments and to drive clarity in complex, multi-stakeholder settings.
- Technical fluency advantageous particularly with JSON (or proficiency in another coding/query language) to support API/integration conversations.
- Self-motivated, organised, and comfortable working independently while managing multiple concurrent workstreams.
- Experience providing peer reviews, feedback and mentoring to analysts is desired (line management experience beneficial but not essential).
Senior Business Analyst (Broking Solution - Lloyd's of London) employer: Verisk Analytics
Contact Detail:
Verisk Analytics Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Analyst (Broking Solution - Lloyd's of London)
✨Tip Number 1
Network like a pro! Get out there and connect with folks in the insurance and reinsurance sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews by practising common questions and scenarios related to business analysis in the insurance sector. Think about how you can showcase your experience with requirements elicitation and stakeholder engagement. We want you to shine!
✨Tip Number 3
Showcase your analytical skills! Bring examples of past projects where you’ve successfully translated business needs into clear specifications. This will demonstrate your ability to tackle complex processes and deliver results, which is key for a Senior Business Analyst.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged with our company. Let’s get you that dream job!
We think you need these skills to ace Senior Business Analyst (Broking Solution - Lloyd's of London)
Some tips for your application 🫡
Know the Role Inside Out: Before you start writing your application, make sure you really understand what the Senior Business Analyst role entails. Dive into the job description and highlight the key responsibilities and qualifications. This will help you tailor your application to show how you fit the bill.
Showcase Your Experience: When detailing your experience, focus on your time in the insurance industry, especially if you've got any London Market exposure. Use specific examples that demonstrate your analytical skills and how you've successfully translated business needs into actionable requirements.
Keep It Clear and Concise: We love a well-structured application! Make sure your writing is clear and to the point. Avoid jargon unless it’s relevant, and ensure your key achievements stand out. Remember, we want to see your personality shine through while keeping it professional.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Verisk Analytics
✨Know Your Stuff
Make sure you have a solid understanding of the broking solutions and the insurance industry, especially if you have experience in the London Market. Brush up on Verisk's Sequel product range and be ready to discuss how your background aligns with their offerings.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your analytical and problem-solving skills. Think of examples from your past experiences where you've successfully translated business needs into clear specifications or led workshops to gather requirements.
✨Showcase Your Communication Skills
Since this role involves liaising with various stakeholders, practice articulating complex ideas clearly and concisely. Be prepared to demonstrate how you've tailored your communication style to different audiences in previous roles.
✨Highlight Mentorship Experience
If you've mentored junior analysts before, make sure to bring that up! Discuss how you've provided guidance and feedback, as this will show your ability to support and uplift your team, which is crucial for this position.