Insurance Product Business Analyst

Overview

Everest Madrid, Community of Madrid, Spain

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Title : Insurance Product Business Analyst

Company : Everest Advisors (Uk), Sucursal En España

Job Category : Underwriting

Primary Location : Madrid, Spain

Additional Locations : Madrid, Community of Madrid, Spain

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About Everest

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

About the Role

The Product Business Analyst will be responsible for leading activities related to understanding, defining, and gathering insurance product and process requirements from various stakeholders, including Product Management, Underwriting, Actuarial, Operations, and Compliance. This role involves producing clear and concise product specifications in accordance with Business Architecture standards. The Product Business Analyst II will lead product design efforts, working with business teams to organize the insurance product hierarchy and its specifications, such as coverages, coverage terms (limits, deductible, etc.), and availability rules. This includes the analysis and rationalization of our current insurance products to a future product set. The role also involves collaborating with the technology team to translate and map the product definition to the Policy Administration system product model.

Responsibilities

Lead the elicitation, analysis, and documentation of insurance product and process requirements from Product Management, Underwriting, Actuarial, Operations, and Compliance teams.

Develop clear and concise product specifications according to Business Architecture standards.

Lead product design efforts, working with business teams to organize the insurance product hierarchy and its specifications, including coverages, coverage terms, and availability rules.

Analyze and rationalize the current set of insurance products to define a future product set.

Collaborate with the technology team to translate and map the product definition to the Policy Administration system product model.

Ensure strong adherence to business analysis standards and deliver high-quality artifacts.

Utilize advanced analytical skills to translate product business requirements into a detailed product architecture and specifications.

Participate in Agile methodology processes, practices, and artifact creation.

Contribute to large technology implementation efforts.

Influence stakeholders to achieve project goals.

Work effectively in large multi-disciplinary team environments.

Communicate effectively, both verbally and in writing, to diverse audiences.

Qualifications

Bachelor's degree in Business, Finance, Information Technology, or a related field.

6+ years of experience working with complex P&C commercial lines products (e.g., GL, Property, Excess Casualty, Auto, Work Comp)

Strong understanding of ISO, NCCI, state regulatory environments, rating and pricing, and insurance company processes around product development and management.

Demonstrated experience in executing processes supporting business analysis and requirements documentation, with a strong adherence to standards and delivery of high-quality artifacts.

Advanced analytical skills with the ability to translate product business requirements into a detailed product architecture and specifications.

Experience with Agile methodology processes, practices, and artifacts.

Demonstrated experience in technology and large technology implementation efforts.

Strong ability to lead through influence.

Demonstrated experience working in large multi-disciplinary team environments.

Exceptional written and oral communication skills.

Experience with commercial Policy Administration Systems (e.g., Guidewire, Duck Creek, Policy Decisions).

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors.

Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work : Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging. Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function : Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Employment details

Type : Regular

Time Type : Full time

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