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Senior Business Analyst

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 12243 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Operations & Product Management
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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.  

Senior Business Analyst

We are looking for a Senior Business Analyst to join our London Office on a full-time basis with hybrid working.

The Senior Business Analyst will support MRSG with a large growth ambition programme, supporting the delivery of a new European growth initiative throughout multiple European territories. This role is key in enabling change across the programme. The successful candidate will endeavour to improve technology, processes and deliver the specific programme deliverables.

The Senior Business Analyst must elicit, analyse, validate, document, manage and explain business requirements based on project objectives, whilst supporting on Capability and Target Operating Models.

Responsibilities 

  • Elicit, analyse, validate, document, manage and explain business requirements based on project objectives.
  • Provide Business Analysis expertise in insurance domain.
  • Overcome project impediments and report regularly on progress.
  • Contribute to product roadmap and backlog.
  • Perform analysis using appropriate tools and techniques.
  • Provide timely updates on opportunities, risks, issues and progress.
  • Produce and manage business requirements, user stories and acceptance criteria from undefined and unstructured information on strategic projects and programmes.
  • Plans, manages and investigates business situation analysis where there is significant ambiguity and complexity.​
  • Understanding of Business problems and investigating root causes.
  • Advises on the approach and techniques to be used for business situation analysis. Ensures holistic view adopted to identify and analyse wide-ranging problems and opportunities.​
  • Engages and collaborates with a wide range of stakeholders, including those at the management level. Gains agreement from stakeholders to conclusions and recommendations.​
  • Plans and drives scoping, requirements definition and prioritisation activities for large, complex initiatives.​
  • Selects, adopts and adapts appropriate requirements definition and management methods, tools and techniques.
  • Obtains input from, and agreement to requirements from a diverse range of stakeholders. Negotiates with stakeholders to manage competing priorities and conflicts.​
  • Establishes requirements baselines. Ensures changes to requirements are investigated and managed.​
  • Selects appropriate techniques and tools to develop user stories and elicit user experience requirements in complex situations.​
  • Identifies the roles of affected stakeholder groups. Resolves potential conflicts between differing user requirements.​
  • Takes responsibility for understanding client requirements, collecting data, delivering analysis and problem resolution.​
  • Collaborates with, and facilitates stakeholder groups, as part of formal or informal consultancy agreements. Seeks to fully address client needs and implements solutions if required.​

Required Knowledge, Skills and Experience

  • Exposure to related growth initiatives, global change and technology.
  • Experience in launching new products in multiple Lines of Business.
  • Experience of complex eco-systems / system integrations.
  • Knowledge of insurance policy administration, policy lifecycles and workflows.
  • Skilled at meeting facilitation and presentation.
  • Strong time management skills.
  • Understanding of the requirements lifecycle.
  • Must thrive in a fast-paced, time-compressed and dynamic environment.
  • Excellent communication and stakeholder management skills.
  • Ability to work independently and take responsibility for delivery of requirements.

Diversity, Equity & Inclusion
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.

Learn more about sustainability at Munich Re – choose your impact!
#BePresent #BeBold #BeCurious

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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