At a Glance
- Tasks: Join our Platform team as a Senior Business Analyst, bridging tech and business needs.
- Company: Sequel Business Solutions, part of Verisk Analytics, specializes in insurance software solutions.
- Benefits: Enjoy flexible work options, professional development, and a supportive culture.
- Why this job: Make an impact in the specialty insurance industry while mentoring junior analysts.
- Qualifications: Experience in a technical environment and knowledge of the London Market is essential.
- Other info: Recognized as a Great Place to Work, we prioritize inclusivity and career growth.
The predicted salary is between 43200 - 72000 £ per year.
Senior Business Analyst (London Market – Specialty Insurance Industry)
- Full-time
- Verisk Business: Whitespace
We help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society become stronger, more resilient, and sustainable.
For the past 25 years, Sequel Business Solutions has grown from being a trusted consultancy to becoming a leading insurance and reinsurance software specialist. With our headquarters based in London EC2, we employ talented insurance and technical experts who understand the market and our clients’ business.
The Business Analyst lll (BA lll) role will work on the Platform team, acting as a bridge between the Whitespace development team and the customer’s staff, both business and technical.
They will write and communicate specifications based on business requirements, clarifying and giving further examples where necessary. Testing is also a significant part of the role, ensuring the system does what was intended and iterating and improving as and when required.
They will also act as a mentor to the junior members of the BA team, offering support and sharing expertise.
Main Duties
- Develop an understanding of the Platform functionality
- Gather, clarify and communicate business requirements
- Build a joint understanding of the requirements across the other stakeholders, including designers, developers and testers
- Work with colleagues to translate business requirements into functional requirements
- Respond to questions and eliminate vagaries during the development phase
- Review the coverage of tests executed by the QA team, taking part in the testing of the Platform and system integrations
- Analyse business processes, functions and procedures
- Liaise with other BAs around escalations and problem resolution
- Mentor and advise junior BAs
- Manage expectations and problem-solving to establish relationships built on trust and delivery
- Execute training for clients and other team members
- To manage Junior BAs and support them with their analysis and user story writing
Compliance & Training
- Adhere to all company & regulatory policies and procedures as instructed
- Carry out all training provided to deadlines prescribed
- Work with compliance on IT relevant areas such as Data Security and Financial Crime
- Execute the responsibilities of a company employee acting in a lawful and ethical manner in accordance with your contract of employment and company staff handbook
- Work with department manager for own professional development, including performance appraisal and identifying and meeting training needs in order to ensure competence and compliance with current regulations
Experience Required
- Experience of working in a technical environment
- Significant experience within a London Market Broker Company
- Experience in eliciting and documenting business requirements
- Able to build and develop good client relationships
Education / Training / Qualifications required
- CII LM2 or equivalent qualification in Insurance Practices would be beneficial
Knowledge / Skills / Attributes required
- Experience with JSON data files
- A good understanding of API driven solutions
- A basic understanding of how document based/NoSQL databases function
- Passion for using data and data structures to drive strategic and architectural decision-making
- Self motivated
- Strong verbal and written communication skills
- Excellent listening, negotiating and presentation skills
- Ability to operate collaboratively with colleagues is essential
- Understanding of stakeholder management
- Understanding of client needs and ability to react to those
- Understanding of process design and documentation methodologies
- Ability to work under pressure and to tight deadlines
- Willingness to learn and be agile in a fast-paced environment
- Ability to listen and retain new information quickly to disseminate to relevant internal stakeholders
- Good understanding of the London Insurance Market
- Solid experience with MS Office
- Understanding of global Insurance Industry practices
- Familiarity with the software development lifecycle
- Ability to translate functional requirements into solution designs
Verisk Analytics is an equal opportunity employer.
All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran’s status, age or disability. Verisk’s minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.
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Senior Business Analyst (London Market - Specialty Insurance Industry) employer: Verisk
Contact Detail:
Verisk Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Business Analyst (London Market - Specialty Insurance Industry)
✨Tip Number 1
Familiarize yourself with the London Market and its specific practices. Understanding the nuances of this market will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the specialty insurance industry. Attend relevant events or join online forums to connect with others who can provide insights and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Brush up on your technical skills, especially around JSON data files and API-driven solutions. Being able to discuss these topics confidently will set you apart from other candidates.
✨Tip Number 4
Prepare to showcase your mentoring abilities. Since the role involves supporting junior BAs, think of examples from your past experiences where you've successfully guided others.
We think you need these skills to ace Senior Business Analyst (London Market - Specialty Insurance Industry)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Business Analyst position. Tailor your application to highlight relevant experience in the London Market and specialty insurance.
Highlight Relevant Experience: In your CV and cover letter, emphasize your significant experience within a London Market Broker Company and your ability to elicit and document business requirements. Use specific examples to demonstrate your expertise.
Showcase Technical Skills: Mention your familiarity with JSON data files, API-driven solutions, and any experience with document-based/NoSQL databases. This will show that you have the technical background necessary for the role.
Communicate Effectively: Since strong verbal and written communication skills are essential for this role, ensure that your application is clear, concise, and free of errors. Use professional language and structure your documents well.
How to prepare for a job interview at Verisk
✨Understand the London Market
Make sure you have a solid grasp of the London insurance market and its unique characteristics. Familiarize yourself with key players, trends, and challenges in the industry to demonstrate your expertise during the interview.
✨Showcase Your Technical Skills
Highlight your experience with JSON data files and API-driven solutions. Be prepared to discuss how you've used these skills in previous roles, especially in relation to business requirements and system integrations.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and stakeholder management skills. Think of specific examples from your past experiences where you successfully gathered requirements or resolved conflicts between technical and business teams.
✨Emphasize Mentorship Experience
Since the role involves mentoring junior BAs, be ready to discuss any previous mentoring or leadership experiences. Share how you've supported others in their professional development and how you can contribute to building a strong team culture.