Business Analyst

Our client is one of the world’s leading providers of reinsurance and specialist insurance products. The business provides a comprehensive and broad range of solutions for clients to manage their economic risk and operates through a network of global offices across London, The Americas, EMEA and Asia Pacific regions. We are now looking for a Business Analyst to join their busy and growing team.

Business Analyst

London – hybrid

£250-500 per day – 2-3 year contract inside IR35.

This role is offered initially as a 6-month contract with a view to becoming permanent if desired.

To be successful in this role:

You will be a confident Business Analyst with a strong background and experience in the insurance industry, particularly within the London Market or Lloyd’s.

Other requirements for this role include:
• Experience with policy administration systems and claims processing
• Knowledge of the Lloyds new initiatives
• Strong knowledge of data analysis and reporting tools
• Excellent communication and interpersonal skills
• Strong analytical and problem-solving abilities
• Ability to work independently, with actuaries, and as part of a team
• Knowledge of the operational models of XIS and XCS and their strategic initiative a plus
• Technical knowledge of Azure SQL and other cloud-based data solutions a plus
• Professional certifications from CII or similar a plus

Job role and responsibilities:

As a Business Analyst you will be a key member of our clients growing IT team within their Actuary Group, and will be responsible for analysing business processes, identifying areas for improvement, and developing solutions to enhance operational efficiency. Your role will involve collaborating with stakeholders across various departments to gather requirements, create detailed documentation, and ensure successful implementation of business strategies.

Other key responsibilities for this role include:

Requirement Gathering:
• Collaborate with stakeholders to gather and document business requirements
• Conduct workshops, interviews, and surveys to understand business needs

Process Analysis:
• Analyse and map current business processes
• Identify areas for improvement and propose solutions

Documentation:
• Create user stories
• Maintain documentation throughout the project lifecycle

Stakeholder Management:
• Engage with various stakeholders including underwriters, claims managers, and IT teams
• Facilitate communication between business and technical teams

Project Support:
• Assist in project planning and execution
• Support testing phases by preparing test cases and participating in user acceptance testing (UAT)

Market Knowledge:
• Stay updated with the latest trends and regulations in the London Market and Lloyd’s insurance sector
• Understand the Lloyd’s market operating model and its strategic initiatives
• Knowledge of the Lloyds new initiatives

Benefits:

The business is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for staff. The business provides employees with an innovative, enriching environment and takes great pride in their career growth.