Data Business Analyst

Company
Munich Re Specialty Group
Location
Manchester , United Kingdom

At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we’re committed to building a strong and inclusive culture where everyone is welcomed and valued for their “own expression of self-identity”.

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Data Business Analyst

The ideal candidate will have a strong background in data analysis within the insurance industry, with a focus on specialty insurance lines. The role will involve collaborating with various stakeholders to gather, analyse, and interpret data, and to provide valuable insights that will support strategic decision-making and operational efficiency.

As a Data Business Analyst, you will play a pivotal role in bridging the gap between business needs and technical solutions, focusing on data-driven insights and analytics. The successful candidate will have a strong technical data background, a deep understanding of the specialty insurance domain, and the ability to translate complex business requirements into actionable data solutions.

MRSG is at the beginning of an ambitious data journey and this is an exciting time to join the organisation and to be a part of it realising its digital, data and analytics ambitions.

The Central Data Office will include a transformation and strategy team, which this role will be part of. The role focuses on the harmonisation of the data into a central data and analytics platform and will work alongside IT technical architects and engineers to implement strategic priorities.

Key Responsibilities

• Collaborate with business stakeholders to understand and document data requirements for various projects and initiatives within the specialty insurance domain.
• Work closely with underwriters, actuaries, and other business units to capture and analyse data needs from various source systems (Policy, Claims , Revenue etc.)
• Data flow mapping from source to target system data models.
• Conduct thorough data analysis and profiling to identify data quality issues, anomalies, and patterns, gaps.
• Understanding of conceptual, logical, and physical data models and database schemas.
• Translate business requirements into technical specifications for data solutions, ensuring alignment with industry best practices and organisational standards.
• Support the Data Governance function in the develop and enforcement of data governance policies and procedures to ensure compliance with industry regulations and internal standards.
• Work closely with data engineers, developers, and architects and BI Developers to implement data solutions that meet expected requirements set out by IT and in relation to the business need.
• Provide technical guidance and support throughout the data development lifecycle.
• Create comprehensive documentation for data solutions, including data dictionaries, business glossaries, process flows, and user guides.
• Identify opportunities for process improvement and contribute to the evolution of data-related capabilities.

Knowledge and Skills

• Solid hands-on Data Business analysis experience, within Insurance (London Market experience a significant advantage).
• Supporting business and IT projects from a data requirements perspective, ensuring that these help to build towards the overall target state data architecture.
• Work in support of Analytics & Insights colleagues including awareness of areas such as Machine Learning, Natural Language Processing, etc.
• Supporting Data Governance colleagues in areas such as metadata management, data lineage, data audits and general data quality improvement
• Strong desire to learn and grow into a wider range of the above disciplines. Extensive stakeholder management ability with experience in maintaining tact in high-pressure situations.
• Excellent interpersonal skills in areas such as teamwork, facilitation and negotiation
• Understanding and knowledge of system development life cycle methodologies (such as agile software development, rapid prototyping, incremental, synchronize and stabilize, and DevOps)
• Ability to estimate the financial impact of technology alternatives in terms of benefit and cost
• Familiarity with data modeling, ETL processes, and data warehousing concepts.
• Advanced Data Extraction / Manipulation (e.g. SQL), Dashboard & Reporting tools (e.g. Power BI), Data Integration tools (e.g. Informatica), Data Governance / Quality / Catalogue / Lineage tools (e.g. Alation, Collibra)

Your career with us

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & Inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

Push Boundaries. With us. | Munich Re