Business Analyst

Munich Re; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company in the insurance sector is seeking a Senior IT Business Analyst in London. The role involves developing strategic IT solutions, leading projects, and collaborating with stakeholders to enhance business outcomes. Ideal candidates will have extensive experience in commercial insurance IT projects and strong leadership skills.

Benefits

Critical illness insurance

Life Assurance

Permanent Health Insurance

Wellbeing and Development Scheme

Electric Vehicle Salary Sacrifice Scheme

Study & Continuing Professional Development Support

Qualifications

• 10+ years of experience in delivering IT or digital projects within Commercial Insurance.
• Experience with core insurance platform installations, including Guidewire.
• Strong leadership skills in managing and mentoring business analysts.

Responsibilities

• Develop partnerships with business units to understand their goals and deliver strategic solutions.
• Analyze requirements and deliver IT system solutions.
• Lead Agile, Iterative, and Waterfall projects.

Skills

Analytical skills

Problem-solving skills

Communication skills

Leadership skills

Organizational skills

Job description

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, supported 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, enabling them to achieve their individual goals.

We are currently looking for a Senior IT Business Analyst, based in London on a full-time basis, reporting to the Head of Sub Section in Business Solutions – Single Risk.

Responsibilities:

1. Develop a partnership with assigned business units to understand their short- and long-term goals and deliver quality, strategic solutions that support business strategy.
2. Analyze requirements and demands across the value chain, providing analytical skills to understand business problems and document, test, and deliver IT system solutions.
3. Support IT system implementation by leading Agile, Iterative, and Waterfall projects.
4. Assist the Project Manager in delivering projects on time and within budget, following applicable methodologies – One Essentials.
5. Analyze business demand for IT support, automation, and digitalization of processes.
6. Derive system requirements from business demands and translate them into specifications at architectural and detailed levels.
7. Identify suitable solutions under guidance from enterprise and solution architecture, following Munich Re architecture patterns.
8. Drive towards a consistent, automated, resilient, and future-proof application and data landscape to enable cost-efficient digital business.
9. Ensure effective deployment and support of IT systems, processes, and organizational changes.
10. Assist in producing training materials for new systems and processes.
11. Collaborate with business owners to ensure effective benefit realization.

Knowledge and Skills:

1. 10+ years of experience in delivering IT or digital projects within Commercial Insurance.
2. Experience with core insurance platform installations, including greenfield and migration projects; knowledge of Guidewire is a plus.
3. Understanding of MGA and Lloyd's Market operating models and their unique challenges.
4. Proactive with strong analytical and problem-solving skills to analyze complex problems and develop creative solutions.
5. Excellent communication and interpersonal skills to build strong stakeholder relationships.
6. Ability to influence, negotiate solutions, deadlines, and commitments.
7. Strong leadership skills in managing, coaching, and mentoring business analysts, motivating and guiding them on complex projects.
8. Ability to work globally across cultures to deliver results.
9. Experience coordinating complex project deliverables based on customer needs.
10. Strong organizational skills and ability to coordinate efforts of others in project delivery.
11. Focus on internal customer satisfaction, continuous improvement, and efficiency promotion.

If you are excited about this role but your experience does not perfectly match all requirements, we encourage you to apply. You might be the candidate we are looking for!

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience. We aim to build a diverse workforce representing various backgrounds, identities, and beliefs, and to create an equitable, inclusive work environment where everyone can succeed.

All candidates can request reasonable adjustments at any point during the recruitment process by contacting their Talent Acquisition representative.

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

Our ESG strategy emphasizes seizing business opportunities and nurturing an inclusive work environment. It aims to deliver impacts across environmental, social, and governance topics, support local initiatives, and offer volunteering opportunities for colleagues.

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