IT Business Analyst - Insurance
Posted 5 days ago by Square One Resources
£475 Per day
Inside
Undetermined
City of London, UK
Summary: The IT Business Analyst - Insurance role involves collaborating with business units to gather and document requirements, leading system implementation projects, and ensuring alignment with strategic goals. The position is based in London and requires expertise in IT or digital projects within the Commercial Insurance sector. The successful candidate will engage in various analytical tasks and support project management to deliver effective solutions. This contract role is set to last until the end of 2025.
Key Responsibilities:
- Develop strong partnerships with assigned business units to thoroughly understand both short- and long-term business strategies, delivering quality, strategic solutions that align with business objectives.
- Analyse requirements and demands across the value chain, applying key analytical skills to clarify business problems and document IT system requirements for testing and delivery.
- Document detailed requirements and specifications, ensuring agreement at all business levels. This includes:
- Define non-functional requirements.
- Lead Agile, Iterative, and Waterfall system implementation projects, supporting IT system deployment.
- Assist the Project Manager in delivering projects on time and within budget, adhering to project methodologies such as One Essentials.
- Analyse business demand for IT system support, automation, and digitalisation of business processes.
- Translate business demands into system requirements at both architectural and detailed levels.
- Identify appropriate solutions under the guidance of enterprise and solution architects and subject matter experts.
- Drive a consistent, highly automated, resilient, and future-proof application and data landscape to enable cost-efficient digital business.
- Coordinate feasibility studies, produce business cases, assess options, and present recommendations.
- Support user participation in deployments and implementation activities.
- Provide traceability for requirements and change requests, tracking delivery by the project team.
- Assist with business testing preparation and execution to ensure solutions meet business expectations within approved project scope.
- Ensure supporting IT systems, processes, and organisational changes can be deployed and supported effectively.
- Help produce training materials for new systems and processes.
- Collaborate with business owners to ensure effective benefit realisation.
Key Skills:
- Experience delivering IT or digital projects within Commercial Insurance.
- Experience with Core Insurance Platform implementations, including greenfield and migration projects. Knowledge of Guidewire is a plus.
- Understanding of MGA and Lloyd's Market operating models, including their unique challenges and requirements.
- Proactive with strong analytical and problem-solving skills; capable of analysing complex business and technical problems and developing creative solutions.
- Excellent communication and interpersonal skills with the ability to build strong stakeholder relationships at all levels.
- Skilled influencer, able to negotiate solutions, deadlines, and commitments effectively.
- Strong leadership skills with experience managing, coaching, and mentoring business analysts; able to motivate and guide teams on complex programs.
- Proven ability to work across global businesses and diverse international cultures to deliver results.
- Successful coordination of complex project deliverables based on customer needs.
- Demonstrated organisational skills and ability to coordinate the efforts of others in project delivery.
- Strong focus on internal customer satisfaction, continuous improvement, and promoting efficiency changes.
- Highly driven to stay informed on industry trends in Insurance and IT.
Salary (Rate): £475 per day
City: London
Country: UK
Working Arrangements: undetermined
IR35 Status: inside IR35
Seniority Level: undetermined
Industry: IT
Job Title: IT Business Analyst - Insurance
Location: London
Salary/Rate: £425-475 Per Day Inside IR35
Start Date: 14/07/25
Job Type: Contract Until 31/12/2025
Company Introduction
We have an exciting opportunity now available with one of our sector-leading consultancy clients! They are currently looking for a skilled IT Business Analyst to join their London team.
Job Responsibilities/Objectives
You will be responsible for partnering with business units to gather, analyse, and document requirements, lead system implementation projects, and ensure solutions align with strategic goals and deliver value.
- Develop strong partnerships with assigned business units to thoroughly understand both short- and long-term business strategies, delivering quality, strategic solutions that align with business objectives.
- Analyse requirements and demands across the value chain, applying key analytical skills to clarify business problems and document IT system requirements for testing and delivery.
- Document detailed requirements and specifications, ensuring agreement at all business levels. This includes:
o User stories with acceptance criteria
o UML diagrams (use case, actor models, class, state, sequence)
o Gap analysis
o User interface mock-ups/specifications
- Define non-functional requirements.
- Lead Agile, Iterative, and Waterfall system implementation projects, supporting IT system deployment.
- Assist the Project Manager in delivering projects on time and within budget, adhering to project methodologies such as One Essentials.
- Analyse business demand for IT system support, automation, and digitalisation of business processes.
- Translate business demands into system requirements at both architectural and detailed levels.
- Identify appropriate solutions under the guidance of enterprise and solution architects and subject matter experts.
- Drive a consistent, highly automated, resilient, and future-proof application and data landscape to enable cost-efficient digital business.
- Coordinate feasibility studies, produce business cases, assess options, and present recommendations.
- Support user participation in deployments and implementation activities.
- Provide traceability for requirements and change requests, tracking delivery by the project team.
- * Assist with business testing preparation and execution to ensure solutions meet business expectations within approved project scope.
- Ensure supporting IT systems, processes, and organisational changes can be deployed and supported effectively.
- Help produce training materials for new systems and processes.
- Collaborate with business owners to ensure effective benefit realisation.
Required Skills/Experience
The ideal candidate will have the following:
- Experience delivering IT or digital projects within Commercial Insurance.
- Experience with Core Insurance Platform implementations, including greenfield and migration projects. Knowledge of Guidewire is a plus.
- Understanding of MGA and Lloyd's Market operating models, including their unique challenges and requirements.
- Proactive with strong analytical and problem-solving skills; capable of analysing complex business and technical problems and developing creative solutions.
- Excellent communication and interpersonal skills with the ability to build strong stakeholder relationships at all levels.
- Skilled influencer, able to negotiate solutions, deadlines, and commitments effectively.
- Strong leadership skills with experience managing, coaching, and mentoring business analysts; able to motivate and guide teams on complex programs.
- Proven ability to work across global businesses and diverse international cultures to deliver results.
- Successful coordination of complex project deliverables based on customer needs.
- Demonstrated organisational skills and ability to coordinate the efforts of others in project delivery.
- Strong focus on internal customer satisfaction, continuous improvement, and promoting efficiency changes.
- Highly driven to stay informed on industry trends in Insurance and IT.
If you are interested in this opportunity, please apply now with your updated CV in Microsoft Word/PDF format.
Disclaimer
Notwithstanding any guidelines given to level of experience sought, we will consider candidates from outside this range if they can demonstrate the necessary competencies.
Square One is acting as both an employment agency and an employment business, and is an equal opportunities recruitment business. Square One embraces diversity and will treat everyone equally. Please see our website for our full diversity statement.
