Munich Re

Business Analyst

Munich Re$102K — $153K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years experience in technical roles
  • Bachelor's degree in Business, Economics, Computer Science or equivalent
  • Experience in Individual Life or Disability Insurance preferred
  • Strong communication skills for bridging client and technical teams
  • Familiarity with software development lifecycle

Responsibilities

  • Clarify business needs and design data-driven solutions
  • Gather key facts to resolve complex business challenges
  • Collaborate with stakeholders to define technical specifications
  • Identify areas for process improvements and recommend enhancements
  • Support testing and implementation of new software features

Benefits

  • Opportunities for professional growth and development
  • Dynamic work environment with cross-functional collaboration
  • Transportation and travel allowances
  • Participation in company-wide bonuses based on performance
  • Access to state-of-the-art technology and tools
Full Job Description
Business Analyst - North American Integrated Analytics Team

In keeping with our global position as an industry leader and innovator, Munich Re is driving transformation in the life insurance industry through machine learning and best-in-class risk assessment. As a Business Analyst on the Product Management team, you will be working closely with our data science, underwriting and development teams on alitheia. You will work on mission-critical systems leveraging AI, electronic health records (EHRs), and other complex, sensitive medical data to make it easier for people to get essential life insurance coverage

Job Responsibilities

  • Support the product lifecycle:
    • Clarify and communicate business needs, contribute to the definition and design of data-driven solutions and ensure the alignment of business solutions and business needs
    • Gather all key facts to propose solutions to solve complex business needs using data and technology
    • Collaborate with stakeholders to identify business requirements and translate them into actionable technical specifications.
    • Identify and advocate for areas of improvements in solutions and processes and make recommendations for enhancements
    • Collaborate with our risk specialists, data scientists, and engineers to plan, develop, and implement new features and platform improvements
    • Support testing and implementation of new features to ensure accuracy and to avoid disruption
  • Support requirements specification across our product suite
    • Create and maintain detailed technical specifications, test plans, process maps, and other documentation
    • Ensure that technical documentation is aligned with business goals, priorities, and timelines
    • Provide technical support to project teams during all phases of the software development cycle
    • Participate in cross-functional meetings to identify and resolve issues related to product development
  • Support technical implementation with clients:
    • Contribute to client-facing and internal process flows, data flows, and other documentation
    • Anticipate, quantify and resolve issues with requirements
    • Prioritize requirements with engineering


Qualifications

The successful candidate will demonstrate a natural desire to provide exceptional client service through his/her energy, enthusiasm, and initiative.

In addition, we are looking for the following qualifications:
  • 2+ years experience in technical roles
  • Bachelor's degree in Business, Economics, Computer Science or equivalent
  • Experience in Individual Life or Disability Insurance (Direct Carrier or Reinsurance) highly desirable
  • Ability to express complex ideas clearly and facilitate communication between clients and internal teams
  • Experience with the full software development lifecycle
  • Strong analytical, organizational, and time management skills
  • Demonstrated ability to apply creative thinking and problem-solving skills to solve business problems
  • Attention to detail and organization
  • Superior written and oral communication skills, including presentations to clients and internal management
  • Experience producing technology project artifacts including but not limited to: use cases, requirements documents, functional specifications, data mapping and process flows
  • Familiarity with cloud computing platforms
  • Advanced skills in Excel, PowerPoint, Word, Power BI, SQL
  • Experience with software engineering best practices
  • Agility to work across multiple internal teams and multiple assignments in a dynamic environment
  • The ability to learn and adapt quickly
  • A drive to make a difference
  • Must be able to travel 10-25%

For New York City based employees, the base salary range anticipated for this position is $102,000-$153,000 plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

The salary estimate displayed represents the typical salary range for candidates hired in this position. 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.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

About Munich Re

Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. The company is headquartered in Munich, Germany. Munich Re operates in all lines of insurance and has a presence in all major markets worldwide. Munich Re's business model is based on the combination of primary insurance and reinsurance under one roof. The company has three business segments: reinsurance, primary insurance, and Munich Health. Munich Re's global premium income amounted to ?54.5 billion in 2020.
Learn more about Munich Re
Size
41,000 employees
Industry

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