MRP Modelling Business Analyst

MS Amlin Corporate Services Limited
London, London, United Kingdom
23 Feb 2021
27 Feb 2021
Job role
MRP Modelling Business Analyst

12 month FTC

The Underwriting Modelling team provide a core service to MS Amlin and affiliated insurance businesses within the MS&AD group. They are responsible for management of Catastrophe Risk: including pricing contracts, maintaining the quarterly portfolio, measuring the portfolio against capital tolerances, providing data and metrics for outward reinsurance purchase, analysing risk exposure and accumulations including submitting RDS returns to Lloyd's, analysing the portfolio for Lloyd's Business Planning, and providing event response and other ad hoc services.

We are delivering changes to the modelling function in MS Amlin, across process, operating model and applications; designing and implementing new or updated applications across Portfolio Management, Exposure Management, CAT Pricing and CAT modelling.

We are looking for a senior Business Analyst or Business Architect to work alongside the technical architects to ensure that the overall solution and processes across the different systems and workstreams come together as a coherent whole.

The key responsibilities are:
  • Liaise extensively with internal and external stakeholders ensuring requirements captured elsewhere are correct and complete;
  • Maintain an overall to-be process flow and business capability mapping (mappings of business services to functions to applications)
  • Ensure that the requirements and design artifacts coming from the differing workstreams are aligned to the process flows and capability mapping
  • Challenge requirements on a cost/benefit basis
  • Review all "as-is" processes and partner with business teams to update processes to reflect the replacement of existing systems (and associated workarounds)
  • Ensure project documentation is kept up to date ensuring regular and timely review and approvals from respective teams is obtained.
  • Work with business users and testing teams to support the overall testing effort

Critical success factors of the role are:
  • Proven ability to build and maintain strong, cohesive working relationships with internal and external stakeholders and user communities.
  • Strong sense of prioritization and execution against critical deliverables, coupled with a sense of personal ownership for key projects deliverables and dependent systems, to ensure key business outcomes are achieved.
  • Experience/knowledge of implementing systems in the Exposure management, CAT modelling, technical pricing and portfolio management domains to be able to communicate effectively with the business teams and to challenge where appropriate
  • Knowledge or experience of Underwriting Modelling area specifically:
    • Exposure management
    • Cat modelling products and processes
    • Portfolio Management and roll-up processes
    • Portfolio Pricing
    • Technical Pricing (Direct and Re-insurance)
  • Business Analyst experience
  • Understanding of the full end-to-end process of exposure data capture, and commercial insurance financial terms
  • Understanding of modelled and non-modelled classes
  • Ability to clarify, communicate and agree business requirements, perform gap analysis against the baseline functionality and formulate and agree workarounds or solutions with key stakeholders across a number of business functions
  • Ability to translate "as-is" processes into "to-be" based on new system implementation.
  • Support business users in acceptance testing preparation and execution to achieve successful acceptance of the implementation of each class.

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