Business Analyst (Reinsurance) – Insurance Consulting, London
Cognizant Seeks Business Analysts for Insurance Consulting in the UK and Europe
Table of Contents
- Cognizant Seeks Business Analysts for Insurance Consulting in the UK and Europe
- Cognizant insurance Consulting: Your Questions Answered
- 1. What is Cognizant looking for in a Business Analyst for its Insurance Consulting unit?
- 2. What key skills and experience are essential for the Business Analyst roles at Cognizant?
- 3.What personal attributes does Cognizant value in a Business Analyst?
- 4. What are the “desirable” skills and experience for these roles?
- 5. Will I need to travel for this role?
- 6. Does Cognizant offer any benefits to its employees?
- 7. What is Cognizant’s commitment to diversity and inclusion?
- 8. What should I know about Cognizant as a company?
- 9. What are the responsibilities related to ”Contribution to advancement of Practice”?
- 10. What type of industry experience is relevant for this role?
- Summary of Key Requirements for cognizant’s Insurance Consulting Business Analyst Role
Cognizant (NASDAQ:CTSH), a leading provider of data technology, consulting, and business process outsourcing services, is expanding its Insurance Consulting unit. The company, headquartered in Teaneck, New Jersey (U.S.),boasts over 340,000 employees as of January 2024 and is a member of the NASDAQ-100,the S&P 500,the Forbes Global 1000,and the Fortune 500.
Insurance Consulting Opportunities at Cognizant
Cognizant’s Insurance Consulting unit is actively seeking talented consultants with extensive business analysis and consultative experience. These roles focus on executing large-scale business change and IT solutions for General Insurance clients in the UK and Europe.This presents an opportunity to join a rapidly growing,high-energy,and entrepreneurial team working with leading Insurance clients based in the UK and Europe.
The company offers a dynamic surroundings within its Business & Technology Consulting Practice,providing end-to-end Business Analysis services to Insurance clients based in the UK and Ireland.
Reinsurance Focus
A key aspect of these roles involves providing Re-Insurance clients with excellent business and technology Business Analysis services. This includes contributing to a major Global Reinsurance program.the role also emphasizes developing strong customer relationships, aiming to establish the consultant as a “Go-To” person whom clients seek out for future engagements.
Essential skills and Experience for Business Analyst Roles
Candidates for these Business Analyst positions should possess a range of essential skills and experience, including:
- Strong experience in Reinsurance / General Insurance.
- Extensive or expert-level Reinsurance knowledge.
- Knowledge / work experience across the reinsurance value chain.
- Experience performing Business Analysis roles on complex Business & Technology Transformation Programmes within Insurance clients, assisting them in achieving their business, technology, strategic, and operational goals.
- Proven ability to lead program discovery and analysis workshops.
- Ability to gather, prioritize, analyze, specify, and validate requirements, including the facilitation & co-ordination of user workshops.
- Previous experience in effectively defining problem/scope, gathering/analyzing data, and structuring recommendations, creating presentations, and making compelling recommendations to clients.
- An appreciation for both business and technical requirements and the ability to bridge the gap between the two.
- Full project life-cycle experience in Business Analysis, with demonstrable knowledge of different project life cycles: waterfall, agile; with hands-on experience in agile (Scrum).
- Experience working in a matrix environment and able to provide examples of proactively building and winning the trust of relevant business/IT stakeholders.
- Previous experience working in a similar capacity in other Consultancy or Insurance Industry.
Personal Attributes Sought
In addition to technical skills, certain personal attributes are highly valued:
- A ‘best practice practitioner’ Business Analyst (BA), with outstanding full project lifecycle Business Analysis skills.
- Ability to work on simultaneous projects.
- Cozy working in a team, building strong relationships with clients and colleagues, as well as independently.
- Ability to stay aligned with Reinsurance business strategy, provide suggestions to improve solutions, and assist with the direction of the roadmap.
- Comfortable facilitating workshops, e.g., to develop business requirements.
- Organized and able to prioritize competing responsibilities.
- Excellent engagement, dialog skills (both written and verbal), and numeracy skills, able to deliver a concise message.
- Proficient in the use of MS Visio and MS Office suite, specifically Excel.
- Self-motivated, actively seeks duty, and driven to achieve results.
- ability to challenge the status quo and disrupt thinking, suggesting viable alternatives.
- Creative thinker, able to quickly analyze complex problems and identify appropriate solutions underpinned by logic and an analytic approach.
- Open-minded and pragmatic, willing to work with the tools available on assignment, or build them from scratch if required.
- Demonstrable accuracy and attention to detail.
- Ability to work independently and ensure accomplished delivery of assigned tasks.
- Ability to work effectively under pressure and to tight deadlines.
- Degree educated or have a recognized business professional qualification.
- Willing to travel to client sites across the UK & Ireland, Monday-Friday.
Contribution to Development of Practice
the role also involves contributing to the development of the practice, including:
- Supporting practice management activities such as Proposition or Solution Development, Community & Communications, Sales & Operations Management.
- contributing to Insurance / Reinsurance Industry thought-provoking ‘points of view’ or ‘white papers’.
Desirable Skills and experience
While not essential, the following skills and experience are considered desirable:
- Experience working with Reinsurance COTS products like Sapiens or SAP.
- Experience working within Agile delivery environments.
- Experience working in a global delivery environment and with distributed teams.
- Experience in configuring off-the-shelf systems and integration with existing applications.
- formal Business Analysis (ISEB),insurance domain accreditation.
- experience working with SQL scripting and data analysis.
Industry Experience
Relevant industry experience includes Reinsurance / General insurance and corresponding functional domains.
What Cognizant Offers
Cognizant provides a extensive package to its employees,including:
- The chance to work with impact: “Here,you’re empowered to bring yoru biggest thinking to help our company and clients improve everyday life.”
- Ownership over your career: Employees can “stay at the top of your game through our award-winning learning and development ecosystem.”
- The opportunity to thrive on a high caliber team with heart: The company “celebrate[s] each other’s experiences and perspectives and promote[s] a sense of belonging through our affinity groups and diversity and inclusion initiatives.”
- A comprehensive total rewards package, including a competitive salary and pension plan with matching contributions.
- Flexible health and financial benefits to support employees and their eligible dependents from day one.
- True work-life balance through paid time off, flexible work arrangements, volunteering opportunities, and social events.
Commitment to Diversity and Inclusion
Cognizant emphasizes its commitment to diversity and inclusion, stating:
Cognizant is an equal opportunity employer that embraces diversity, champions equity and values inclusion. We are dedicated to nurturing a community were everyone feels heard, accepted and welcome. Your submission and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.
The company also provides reasonable accommodations for individuals with disabilities during the application process.
About Cognizant
Cognizant is recognized as a leader in professional services, focusing on transforming clients’ business, operating, and technology models for the digital era. With a unique industry-based, consultative approach, Cognizant helps clients envision, build, and run more innovative and efficient businesses.Cognizant is consistently listed among the most admired companies in the world.
Cognizant insurance Consulting: Your Questions Answered
Are you looking to advance your career in insurance consulting? Cognizant (NASDAQ: CTSH) is actively seeking Business Analysts to join their expanding Insurance Consulting unit,focusing on General Insurance clients in the UK and Europe.
Here’s a guide to equip you with everything you need to know about these exciting Business Analyst roles.
1. What is Cognizant looking for in a Business Analyst for its Insurance Consulting unit?
Cognizant is seeking talented consultants with extensive business analysis and consultative experience to execute large-scale business change and IT solutions for general Insurance clients in the UK and Europe.
2. What key skills and experience are essential for the Business Analyst roles at Cognizant?
Essential skills and experience for the Business Analyst positions include:
Strong experience in Reinsurance/General Insurance
Extensive or expert-level Reinsurance knowledge
Knowledge/work experience across the reinsurance value chain
Experience performing business analysis roles on complex Business & Technology Transformation programs within Insurance clients
Proven ability to lead program finding and analysis workshops
Ability to gather, prioritize, analyze, specify, and validate requirements
Experience effectively defining problem/scope, gathering/analyzing data, and structuring recommendations
An appreciation for both business and technical requirements and the ability to bridge the gap between the two
Full project life-cycle experience in Business Analysis
Experience working in a matrix surroundings
Experience working in Consultancy or the Insurance Industry
3.What personal attributes does Cognizant value in a Business Analyst?
Cognizant highly values the following personal attributes:
A ‘best practice practitioner’ Business Analyst (BA)
Ability to work on simultaneous projects
Ability to work independently and in a team environment
Ability to stay aligned with Reinsurance business strategy
Comfortable facilitating workshops
Organized and able to prioritize competing responsibilities
Excellent engagement and interaction skills
Proficiency in MS Visio and MS Office suite
Self-motivation and drive to achieve results
Ability to challenge the status quo
Creative and analytical thinker
Open-minded and pragmatic
Demonstrable accuracy and attention to detail
Ability to work effectively under pressure and to tight deadlines
4. What are the “desirable” skills and experience for these roles?
Desirable skills and experience include:
Experience working with Reinsurance COTS products like Sapiens or SAP.
Experience working within Agile delivery environments.
Experience working in a global delivery environment and with distributed teams.
5. Will I need to travel for this role?
Yes, candidates should be willing to travel to client sites across the UK & Ireland, Monday-Friday.
6. Does Cognizant offer any benefits to its employees?
Yes, Cognizant provides an extensive package to its employees, including:
Opportunities to work with impact
Ownership over your career
A thorough total rewards package
Flexible health and financial benefits
* work-life balance through paid time off, flexible work arrangements
7. What is Cognizant’s commitment to diversity and inclusion?
Cognizant is committed to diversity and inclusion and is an equal opportunity employer.
8. What should I know about Cognizant as a company?
Cognizant is a leader in professional services, focusing on transforming clients’ business, operating, and technology models for the digital era.
Besides their day-to-day tasks, Business analysts also contribute to practice development by supporting practice management activities (Proposition/Solution Development, Community & Communications, Sales & Operations Management) and creating thought leadership content for the Insurance/Reinsurance Industry.
10. What type of industry experience is relevant for this role?
Relevant industry experience includes Reinsurance/General Insurance and corresponding functional domains.
Summary of Key Requirements for cognizant’s Insurance Consulting Business Analyst Role
| Category | Requirements |
| ——————- | ——————————————————————————————————————————————————————————————————- |
| Essential Skills | Reinsurance/General Insurance experience, Business Analysis in complex transformations, requirements gathering, stakeholder management, understanding of both business and technical requirements. |
| Personal Attributes | Strong BA skills, teamwork, communication, association, problem-solving, adaptability to project timelines. |
| Desirable skills | Experience with Reinsurance COTS products, Agile, global delivery environments, SQL scripting, formal Business Analysis accreditation |
| Industry Experience | Reinsurance/General insurance and corresponding functional domains. |
| Travel | Willingness to travel to client sites across the UK & Ireland, Monday-Friday. |
By understanding these key aspects of the Business Analyst roles at Cognizant, you can better assess if this is the right opportunity for you and prepare effectively for the submission process.
