Business Analyst

American Modern; City of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance provider based in London is seeking a Business Analyst to manage stakeholder requirements for complex IT projects. The ideal candidate will have over 5 years of experience in Commercial Insurance and strong analytical skills. You will partner with business units to support strategic solutions and drive project success through effective communication and leadership.

Benefits

Critical illness insurance

Electric Vehicle Salary Sacrifice Scheme

Study & continuing Professional Development Support

Qualifications

• 5+ years of experience in delivering IT or digital projects in Commercial Insurance.
• Knowledge of Insurance Core Insurance Platform installations.
• Proactive with strong analytical and problem-solving skills.

Responsibilities

• Lead the analysis of business requirements across the value chain.
• Develop partnerships with business units to align on strategy.
• Support IT system implementation in Agile and Waterfall projects.

Skills

Analytical skills

Communication skills

Leadership

Tools

Guidewire

Job description

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

We are currently looking for a Business Analyst to be based in London on a full-time basis, reporting into the Head of Subsection.

As an IT Business Analyst you will be accountable for identifying, documenting, and managing explicit and implicit stakeholder requirements for complex projects, as well as handling change requests and contributing to solution component descriptions. This role involves selecting the most effective methods for representing business requirements and defining expected functional test outcomes.

Responsibilities

• Lead the analysis of business requirement and demands across the business value chain, providing key analytical skills that will enable business problems to be understood and the subsequent requirements for IT systems documented, tested and delivered.
• Develop a partnership with assigned business units to gain a thorough understanding of short- and long-term goals of the business strategy to deliver quality and strategic solutions to the business clients that support business strategy
• Undertake the analysis requirements and demands across the value chain, providing key analytical skills that will enable business problems to be understood and the subsequent requirements for IT systems documented, tested and delivered
• Support the IT system implementation by taking on the lead role in Agile, Iterative and Waterfall system implementation projects
• Supporting the Project Manager in delivering the project plan on time and on budget. Follow project methodologies – One Essentials – as applicable
• Analyse business demand for IT system support, automation, and digitalisation of business processes
• Derive system requirements from business demands and translate into specifications – both on architectural and detail level
• Identification of appropriate solutions under the guidance of enterprise and solution architecture and subject matter experts. Follow Munich Re architecture patterns
• Actively drive towards a consistent, highly automated, resilient and future proof application and data landscape across Great Lakes to enable cost efficient digital business

Knowledge and Skills

• 5+ years of experience in delivering IT or digital projects in Commercial Insurance.
• Experience with Insurance Core Insurance Platform installations, including greenfield and migration projects. Knowledge of Guidewire is a plus
• Understanding of MGA and Lloyd\'s Market operating models, including their unique challenges and requirements
• Recognized as proactive with strong analytical and problem-solving skills, with the ability to analyze complex business and technical problems and develop creative solutions
• Excellent communication and interpersonal skills, with the ability to build strong relationships with stakeholders at all levels
• The ability to influence, including negotiating solutions, deadlines and commitments
• Strong leadership skills managing, coaching, and mentoring business analysts. The ability to motivate and guide business analysts on complex programs of work
• Demonstrated ability to work globally across businesses and international cultures to deliver results
• Successful coordination of complex project deliverables based on an understanding of the customer needs
• Demonstrated personal organizational skills and ability to coordinate the efforts of others involved in the delivery of projects
• A clear focus on internal customer satisfaction with an eye towards constant improvement and promoting efficiency changes
• High degree of drive to stay informed and current on industry trends in Insurance and IT

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support