At a Glance
- Tasks: Analyse and enhance insurance technology solutions while collaborating with diverse teams.
- Company: Join a leading firm in the Lloyd’s and London Market, driving innovation.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Other info: Dynamic role with a focus on collaboration and continuous improvement.
- Why this job: Be the bridge between business needs and tech solutions, making a real impact.
- Qualifications: Degree in relevant field and 6-10 years of experience in business analysis.
The predicted salary is between 60000 - 75000 £ per year.
This role focuses on analyzing, enhancing, and supporting insurance technology and data solutions across the Lloyd’s and London Market value chain. The IT Business Partner will work across underwriting, exposure management, pricing, policy administration, and post-bind operations to ensure systems, data flows, and processes support business objectives effectively. You will act as a bridge between underwriting, operations, data, and technology teams—translating business needs into technical requirements, driving system improvements, and contributing to solution design across core insurance platforms.
What Will You Do?
- Business & Systems Analysis
- Analyze end-to-end underwriting and policy lifecycle workflows.
- Document business requirements, functional specifications, and technical data mappings.
- Lead or contribute to solution design for system enhancements and integrations.
- Translate business problems into scalable system and data solutions.
- Conduct impact analysis for system or process changes.
- Systems Ownership, Administration & Hands-On Support
- Own and administer core insurance systems.
- Monitor system health, data flows, integrations.
- Manage upgrades, releases, and vendor interactions.
- Insurance Platform & Workflow Support
- Support core policy administration, underwriting, and delegated authority systems.
- Ensure system configuration aligns with underwriting guidelines and regulatory standards.
- Help streamline data capture and processing across open market and binder business.
- Partner with underwriters and operational teams to resolve system issues.
- Data Transformation & Data Quality
- Support and design data transformation logic including bordereaux validation and cleansing.
- Analyse and map data across risk, exposure, pricing, and operational datasets.
- Work with ETL pipelines, data warehouses, and reporting tools.
- Champion data quality, lineage, and governance.
- London Market Messaging & Integration
- Collaborate with brokers and vendors to resolve messaging or submission issues.
- Ensure compliance with market modernization initiatives including Blueprint Two and CDR.
- Stakeholder Engagement
- Liaise between underwriting, exposure management, actuarial, finance, and IT.
- Participate in workshops and vendor sessions to shape system requirements.
- Support change adoption through training and documentation.
- Reporting & MI
- Contribute to creation of dashboards, MI, and analytical insights.
- Define reporting requirements for underwriting and operations.
Qualifications & Experience
- Degree in Business, Information Systems, Insurance, Data/Technology, or comparable experience.
- 6-10 years of experience in business analysis, data analysis, IT system management or insurance systems product owner roles within Lloyd’s or the London Market.
- Knowledge of specialty lines, underwriting workflows, or delegated authority processes.
- Experience with policy admin systems, bordereaux processing, and ACORD/eMessaging standards.
- Familiarity with exposure and pricing tools such as RMS, AIR, or Exact.
- Progress toward ACII or BCS certifications is advantageous.
Technical & Functional Skills
- Business requirements gathering and process modelling.
- Data mapping, transformation, and validation expertise.
- Understanding of ETL processes, SQL, or analytical tools.
- Insurance value chain data flow understanding.
- Solution design balancing business needs and system constraints.
- Proficiency with Microsoft Office and insurance systems.
Personal Attributes
- Solution-oriented mindset with strong analytical thinking.
- High attention to detail with ability to manage complexity.
- Strong communicator across business and technical teams.
- Collaborative and adaptable team player.
- Commercial awareness with strong problem-solving capability.
- Results-driven and supportive of continuous improvement.
Business Analyst employer: XCEEDANCE LIMITED
As a leading player in the insurance technology sector, our company offers an exceptional work environment for Business Analysts looking to make a significant impact within the Lloyd’s and London Market. We pride ourselves on fostering a collaborative culture that encourages professional growth through continuous learning opportunities, while also providing competitive benefits and a commitment to work-life balance. Join us in London, where you will be at the forefront of innovative solutions that drive the future of insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Business Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the insurance tech space, especially those who work with underwriting and data solutions. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Get your hands dirty with some real-world projects. Whether it's through internships or freelance gigs, showing off your practical experience in business analysis or data management can really set you apart.
✨Tip Number 3
Prepare for interviews by brushing up on your technical skills and understanding of the insurance value chain. Be ready to discuss how you've tackled complex problems in past roles—this is your chance to shine!
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who are genuinely interested in joining our team. Plus, it gives you a better shot at landing that dream role as a Business Analyst.
We think you need these skills to ace Business Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Business Analyst. Highlight your experience with insurance technology, data solutions, and any relevant projects that showcase your analytical skills. We want to see how you can bridge the gap between business needs and technical requirements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the insurance industry and how your background aligns with our needs. Don’t forget to mention specific experiences that demonstrate your problem-solving capabilities and collaborative spirit.
Showcase Relevant Skills:In your application, make sure to highlight your skills in data mapping, transformation, and systems analysis. We’re looking for someone who understands the intricacies of the insurance value chain, so don’t hold back on showcasing your expertise in this area!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you get the best possible experience. Plus, it shows us you’re keen on joining the StudySmarter team!
How to prepare for a job interview at XCEEDANCE LIMITED
✨Know Your Business Analysis Basics
Make sure you brush up on your business analysis fundamentals. Understand the end-to-end underwriting and policy lifecycle workflows, as well as how to document business requirements and functional specifications. Being able to discuss these concepts confidently will show that you're ready to hit the ground running.
✨Showcase Your Technical Skills
Be prepared to talk about your experience with data mapping, transformation, and validation. If you've worked with ETL processes or SQL, make sure to highlight specific projects where you applied these skills. This will demonstrate your technical proficiency and how it aligns with the role's requirements.
✨Communicate Like a Pro
Since this role involves liaising between various teams, practice articulating complex ideas in simple terms. Think of examples where you've successfully bridged the gap between technical and non-technical stakeholders. Strong communication skills are key, so don’t shy away from showcasing your ability to collaborate effectively.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve hypothetical problems related to system enhancements or data quality issues. Prepare by thinking through past experiences where you faced similar challenges and how you approached them. This will help you demonstrate your problem-solving capabilities and solution-oriented mindset.
