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Job Description
Finance & Actuarial Business Analyst
To drive efficiency and improve business processes, leading to the overall growth and success of the organisation. Business Analyst is responsible for understanding and assessing the changing needs of the business. They play a key role in ensuring projects and initiatives meet their goals and objectives by bridging the gap between stakeholders and the teams responsible for developing new systems or processes.
The Business Analyst will work with a Finance Change team including a Delivery & Release Manager, Senior Data Analysts, and senior finance and actuarial subject matter experts to take responsibility for pulling together Idea Initiation Documents, the business requirements, analysing processes and data flows. They will additionally be required to assist the team across other work packages as required.
About The Job
While there is rarely a typical day, here's a snapshot of some of the key parts of the job:
- Elicit, analyse, and validate the needs of business stakeholders, customers or end users
- Gather Idea Initiation Documents and document business requirements (both functional and non-functional) to ensure that the full business and IT impact has been thought through
- Ability to formulate as is and to be process maps utilising specific tools designed for that capability
- Design and optimise business processes to enhance efficiency and reduce costs where aligned to small change portfolio for delivery
- Examine complex data to draw conclusions and develop actionable recommendations
- Identify business challenges and opportunities for improvement and solve for them by understanding business and functional requirements
- Identify and evaluate possible options to meet user requirements, think about what the impact will be and present findings to stakeholders to support decision making
- Elicit and document user acceptance testing, and validation processes to ensure the solution meets the requirements
- Act as a key point of contact between business stakeholders, Architecture, Data and IT teams, and other relevant parties
- Update process and procedure documentation in line with changes implemented
- Analyse processes and data flows through effective engagement with the business, Architecture, Data and IT.
- Help bridge the gap between business needs and technical and/or system solutions, ensuring optimal and efficient operation of businesses
- Analytical Thinking
- Problem-solving
- Detail Oriented
- Critical Thinking
- Communication
- Negotiation
- Teamwork
- Stakeholder management
For this particular role there are some important qualifications and experience we need you to have. These include:
- Insurance business analysis experience
- Experience of working with London Market (Lloyd's)
- Certified Business Analysis Professional (CBAP), Certification of Competency in Business Analysis (CCBA) is a plus
- Understanding of project management principles and methodologies
- Experience of working with outsourcing and /or external third-party suppliers/partners
- Experience of working across Finance, Actuarial, System and Data functions.
A competitive salary and benefits package is a given, but you can also expect:
- A great team and supportive colleagues
- Hybrid Working environment
- Flexible Working
- A strong focus on diversity, inclusion and equal opportunities
- A programme of wellbeing and mental health support
- Employer-supported volunteering (ESV)
- Continuous learning and study support
- Structured career development
- An open mind (especially to new ideas and ways of doing things)
MS Amlin is part of a global top-10 insurance group MS&AD, with three main legal entities operating in the Lloyd's (MS Amlin Underwriting Limited), UK & Continental European (MS Amlin Insurance SE) and Swiss and Bermudian (MS Reinsurance) markets. We have an enviable reputation for our customer knowledge, claims service and the specialist insurance and reinsurance expertise we apply. We provide the type of security leading organisations need to break new ground, innovate and offer life-changing services and amenities to some of the world's most challenging regions. Through our parent company, our record extends back over 300 years and today we have more than approximately 1800 people in 15 locations worldwide.
We are experts in underwriting, with both technical capability and deep knowledge of the areas we insure. Our claims service aims for equality, with efficient, fair and timely claims management. We're going through an exciting period of modernisation and transformation for which we need entrepreneurial thinkers to help execute our strategic vision for growth. We're on a dynamic path and we need your to help shape it.
MS Amlin is committed to taking a flexible approach to working to allow our employees more control over when and where they work, while still continuing to meet our client demands. This flexible approach continues into our benefit scheme, with a competitive package and attractive lifestyle fund.
About MS Amlin Underwriting Limited
The MS Amlin group of companies delivered approximately £2.8bn of premium in 2021, around half of which was placed via the Lloyd's platform through Syndicate 2001, one of the largest Lloyd's syndicates.
Operating through its Lloyd's Syndicate, MS Amlin writes a diverse (re)insurance portfolio, supporting clients with complex (re)insurance needs from its offices in the heart of London's insurance district and from its local hubs in the US, Asia and the Middle East.
Our portfolio is split into three Divisions: Property & Allied Lines, Specialty and Reinsurance. Specialty comprises 4 departments (Casualty, Marine, Natural Resources and Crisis Management) and Reinsurance covers a mix of property NA, Property International, Casualty, Marine and Aviation and Specialty Lines. Each Division is approximately the same size, in terms of the planned premium income.
We are wholly owned by Mitsui Sumitomo Insurance Group and regulated by the Prudential Regulation Authority, the Financial Conduct Authority and Lloyd's. #J-18808-Ljbffr