Business Analyst

About us

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.

Please see our website for more information.

Business Analyst

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

The Business Analyst will support MRSG by enabling the successful delivery of business and technology change initiatives across the organisation. The role is key in identifying business needs, analysing processes, defining requirements, and supporting the implementation of solutions that deliver business value and operational improvement.

The successful candidate will work with stakeholders across the business to improve technology, processes and ways of working, ensuring that business requirements are clearly understood, documented and delivered.

The Business Analyst must elicit, analyse, validate, document, manage and communicate business requirements in support of project, programme and operational objectives, whilst contributing to capability development and Target Operating Model design where required.

Responsibilities:

• Elicit, analyse, validate, document, manage and explain business requirements based on project objectives.
• Provide Business Analysis expertise in insurance domain.
• Communicate regularly with stakeholders and manage stakeholder needs.
• Overcome project impediments and report regularly on progress.
• Contribute to project, programme and product backlogs, roadmaps and prioritisation activities where appropriate.
• 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.
• Any additional duties and responsibilities

Knowledge and Skills

• Exposure to related growth initiatives, global change and technology.
• Experience working across multiple business functions, products or 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.
• Business Situation Analysis
• 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.
• Requirements Definition and Management
• 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.

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!

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 sustainability is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our sustainability strategy aims to deliver holistic impacts across environmental, social and governance topics.

Learn more about sustainability at Munich Re – choose your impact!

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• 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
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious