Senior Business Analyst - Underwriting System Upgrade
Contract: 12 months
Rate: £600 - £650 per day (Inside IR35)
Location: City of London (Hybrid - up to 3 days onsite)
A leading organisation within the specialist insurance market is seeking an experienced Senior Business Analyst for a modernisation programme focused on upgrading a core underwriting system for a specialist business line. This will be the first phase of a wider modernisation initiative, so the successful candidate must be experienced in working with legacy systems, translating complex technical concepts, & collaborating closely with technical teams.
Operating within an Agile delivery environment, the Business Analyst will take full ownership of business requirements & the project backlog, acting as the key interface between business stakeholders & technology teams. This is a delivery-focused role supporting system modernisation, process improvement, & successful adoption across the underwriting function. Specialty Insurance/Lloyd's Market experience is required.
Responsibilities:
1. Act as the primary business representative within the delivery team, working closely with the Project Manager, underwriting stakeholders, & technical SMEs
2. Own, define, & continuously refine the project backlog, ensuring requirements are clear, prioritised, & aligned to business outcomes
3. Capture, document, & manage business requirements as high-quality user stories with clear acceptance criteria & Definitions of Done
4. Facilitate stakeholder workshops, backlog refinement sessions, & progress reviews to drive clarity, alignment, & decision-making
5. Support testing & UAT activities, ensuring underwriting outcomes are fully validated, defects addressed, & feedback captured
Requirements:
6. Proven experience as a Business Analyst delivering modernisation programmes for underwriting or claims systems within the London Market/Lloyd's environment
7. Experience working on large-scale modernisation programmes involving legacy underwriting or claims platforms
8. Experience working closely with technical teams to translate complex technical concepts into business outcomes
9. Demonstrable experience supporting the technical development of underwriting systems & owning requirements through delivery lifecycle
10. Strong BPMN/process modelling experience, with proven involvement in underwriting workflow & process design
11. Experience working with insurance rating & pricing engines, including premium calculations, limits & deductibles logic, & the standardisation of rating components - covering how pricing rules are captured, configured, modified, & validated within underwriting systems
Apply now