Business Analyst
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We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.
The Company
Munich Re Specialty North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.
Munich Re Specialty North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on
Munich Re Specialty North America, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.
The Opportunity
The Business Analyst is a self-starting role that will support a portfolio of change management initiatives across the various business units within the organization. As the link between business functions and IT, these individuals will be accountable for evaluating and understanding existing processes to provide solutions that ensure realization of business value.
Key Responsibilities of this position include:
Business Analysis & Requirements Gathering
The base salary range anticipated for this position is $76,400 - $112,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The Company
Munich Re Specialty North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include: property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A+ rated carriers and are tailored to clients’ needs. We offer superior service levels, industry-recognized underwriting and claims expertise and innovative approaches to complex and evolving risks.
Munich Re Specialty North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on
Munich Re Specialty North America, including licensing, regulatory-required, and other information on the operating companies, visit https://www.munichre.com/us-non-life/en/general/munich-re-specialty-insurance-disclosures.html.
The Opportunity
The Business Analyst is a self-starting role that will support a portfolio of change management initiatives across the various business units within the organization. As the link between business functions and IT, these individuals will be accountable for evaluating and understanding existing processes to provide solutions that ensure realization of business value.
Key Responsibilities of this position include:
Business Analysis & Requirements Gathering
- Gather, analyze, and document business requirements for key transformation projects and processes,.
- Collaborate with stakeholders to define project scope, goals, and deliverables
- Facilitating workshops and meetings to elicit requirements, validate solutions, and ensure stakeholder buy-in.
- Experience with creating preserving work products and artifacts
- Understand a core system in the value chain (e.g. Duck Creek, D365)
- Analyze current processes, and identify inefficiencies, and assist in developing recommendations for process re-engineering opportunities.
- Develop simple process documentation, including process maps and supporting documentation.
- Gather and document the costs and benefits of implementing an opportunity
- Understand and support change management strategies to facilitate the successful adoption of new processes and technologies. Assist in developing training materials and support resources for end-users.
- Contribute to multiple projects concurrently as assigned, Escalate issues and risks as appropriate.
- Typically, 3+ years of experience in business analysis, project management, or similar role within the insurance, financial services, or other related industries
- Communication and interpersonal skills, with the ability to effectively present or lead discussions with various stakeholders.
- Passionate about delivering high-quality work products and output, demonstrating a meticulous attention to detail and a strong commitment to accuracy and excellence.
- Understanding of project management methodologies (e.g., Agile, Scrum, Waterfall) and experience working within cross-functional teams.
- Experience with Agile project management tools such as Azure DevOps or Jira.
- Analytical and critical thinking skills, with the ability to assess risks and make data-driven decisions.
- Proficiency in data analysis and visualization tools
- Proven ability to contribute to multiple projects and priorities simultaneously, while consistently meeting deadlines and maintaining a high level of performance.
- A commitment to continuous learning and professional development, staying current with industry trends, best practices, and emerging technologies.
- Experience with process improvement methodologies
- Experience with an insurance-specific software, such as policy, billing, and claims systems
- Negotiation skills, enabling effective collaboration with diverse stakeholders and third-party vendors.
- Experience with data governance principles.
The base salary range anticipated for this position is $76,400 - $112,000 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate displayed represents the typical salary range for candidates hired in this position in NYC. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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