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- Tasks: Join our team to analyse and translate business needs into impactful software solutions.
- Company: Verisk, a leader in innovative insurance software solutions with a global presence.
- Benefits: Competitive salary, flexible work culture, and opportunities for professional growth.
- Why this job: Make a real difference in the insurance industry while working with cutting-edge technology.
- Qualifications: 5+ years as a Business Analyst in insurance, strong analytical skills, and Agile experience.
- Other info: Be part of a diverse team that values inclusivity and personal development.
The predicted salary is between 40000 - 59000 £ 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
Contact Detail:
Verisk 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! Reach out to your connections in the insurance industry, especially those with experience in the London Market. A friendly chat can lead to insider info about job openings or even referrals.
✨Tip Number 2
Prepare for interviews by researching Verisk and its products. Understand the Broking solution functionality and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Practice your problem-solving skills! Be ready to tackle case studies or scenarios during interviews. This is your chance to shine and demonstrate your analytical prowess in real-time.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Verisk team.
We think you need these skills to ace Senior Business Analyst (Broking Solution - Lloyd\'s of London)
Some tips for your application 🫡
Know Your Stuff: Before you start writing, make sure you understand the role and the company. Dive into the job description and highlight the key skills and experiences they’re looking for. This will help you tailor your application to show that you’re the perfect fit!
Be Clear and Concise: When you're putting together your application, keep it straightforward. Use clear language and avoid jargon unless it's relevant. Remember, we want to see your skills shine through without any fluff getting in the way!
Show Your Passion: Let your enthusiasm for the role and the industry come through in your writing. Share why you’re excited about the opportunity at Verisk and how you can contribute to our mission. A little personality goes a long way!
Check Your Work: Before hitting send, give your application a thorough once-over. Look out for typos, grammatical errors, and ensure everything flows nicely. A polished application shows us you care about the details, which is super important in this role!
How to prepare for a job interview at Verisk
✨Know Your Stuff
Make sure you have a solid understanding of the insurance industry, especially the London Market. Brush up on key concepts related to broking solutions and Verisk's Sequel product range. This will help you speak confidently about how your experience aligns with their needs.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've successfully analysed complex processes or requirements. Be ready to explain your approach to translating business needs into clear specifications, as this is crucial for the Senior Business Analyst role.
✨Engage with Stakeholders
Demonstrate your ability to collaborate with various stakeholders. Think of instances where you've led workshops or gathered requirements from users. Highlight your communication skills and how you tailor your message to different audiences.
✨Mentorship Matters
Since mentoring junior analysts is part of the job, be prepared to talk about your experience in coaching others. Share examples of how you've provided feedback and supported team members in their development, showcasing your leadership potential.