At a Glance
- 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.
Qualifications
- 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
Verisk Analytics is an exceptional employer that fosters a collaborative and innovative work culture in the heart of Greater London. With a strong emphasis on employee growth, we offer mentorship opportunities and the chance to work on cutting-edge AI-driven projects that enhance decision-making in the insurance industry. Our commitment to professional development and a supportive environment makes us an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Business Analyst (Broking Solution - Lloyd's of London)
✨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.
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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 Verisk Analytics. 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 Senior Business Analyst (Broking Solution - Lloyd's of London)
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 Verisk Analytics.
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 Verisk Analytics'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 Verisk Analytics
✨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 Verisk Analytics.
✨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 Verisk Analytics 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 Verisk Analytics 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.
