Senior Business Analyst Reinsurance (Treaty & Facultative)

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Role Summary

We are seeking a Reinsurance Business Analyst to support transformation initiatives across underwriting, claims, and portfolio management functions. The role will work closely with business stakeholders, actuarial teams, and technology partners to define requirements, drive solution design, and enable data-driven decision-making within a global reinsurance environment.

Key Responsibilities

Business & Functional Analysis

Elicit and document requirements across:

• Treaty reinsurance (property & casualty, specialty lines)
• Facultative placement processes
• Claims and loss reserving workflows

Translate business needs into:

Functional specifications

User stories and acceptance criteria

Process models (L2/L3)

Reinsurance Domain Coverage

Support core reinsurance processes:

• Underwriting & risk assessment
• Pricing & actuarial inputs
• Bordereaux management and exposure tracking
• Claims lifecycle and recoveries

Work with business teams to:

Optimize combined ratios and profitability metrics

Enable improved catastrophe risk modeling and portfolio visibility

Data & Analytics Enablement

Define requirements for:

• Exposure data ingestion (cedents, brokers)
• Claims and catastrophe data models
• Portfolio analytics dashboards

Collaborate with Data & AI teams to:

• Enable predictive analytics (loss forecasting, reserving)
• Support underwriting decision augmentation

Ensure alignment with enterprise data architecture and governance

Technology & Platform Integration

Work on implementation or enhancement of:

• Reinsurance administration platforms (e.g., SICS, Guidewire RI, custom systems)
• Data platforms (cloud, data lake, analytics tooling)

Support:

API/interface definitions (brokers, cedents, actuarial systems)

Integration across underwriting, claims, and finance systems

Transformation & Change Management

Support enterprise transformation programs including:

• Operating model redesign
• Process automation and digitization
• AI/GenAI use cases across underwriting and claims

Drive:

• Impact assessment
• Stakeholder alignment
• UAT coordination and rollout support
• Regulatory & Compliance Alignment
• Ensure adherence to:
• Solvency / regulatory reporting requirements
• Data governance and audit controls
• Support documentation for audit and compliance readiness
  
  

Required Qualifications

• 20 years of experience in insurance / reinsurance business analysis
• Strong expertise in:
• Treaty and facultative reinsurance processes
• P&C and specialty lines
• Proven experience in:
• Requirements gathering and BRD/FRD creation
• Agile delivery models
• Strong stakeholder management across:
• Underwriting
• Actuarial
• Claims
• Data/IT teams
  

Preferred Qualifications

• Experience with:
• Reinsurance platforms (Guidewire RI, SICS, Duck Creek, proprietary systems)
• Data/analytics initiatives (cloud, AI/ML use cases)
• Familiarity with:
• Catastrophe modeling tools
• Exposure and portfolio analytics frameworks
  

Key Skills

• Reinsurance domain depth (Treaty, Facultative, Claims)
• Data analysis and modeling
• Process mapping & optimization
• Stakeholder communication (business tech)
• Agile/Scrum delivery