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Morgan McKinley - Hong Kong

Business Analyst (Insurance)

Morgan McKinley Hong Kong
Posted 7 days ago Permanent HK$36k -40k pm

Business Analyst (Insurance)

Key Responsibilities

1. Business Process Mapping & Optimization
  • Conduct discovery workshops with business stakeholders across underwriting, policy administration, claims, agency/broker distribution, finance, and compliance.
  • Map and document current-state (As-Is) operational workflows, identifying bottlenecks, redundant touchpoints, and manual workarounds.
  • Design streamlined, automated future-state (To-Be) processes aligned with industry best practices and target operating models.
2. Business Analysis & Requirements Engineering
  • Translate business goals and operating models into structured documentation: Business Requirements Documents (BRD), Functional Specifications (FSD), Use Cases, and User Stories with Acceptance Criteria (Gherkin/INVEST format).
  • Define system integration requirements between modern core policy platforms and peripheral applications (e.g., CRM, Document Management, Payment Gateways, General Ledger, Actuarial Valuation engines).
  • Manage requirements traceability throughout the project lifecycle to avoid scope creep.
3. System Revamp & Modernization Delivery
  • Partner with System Architects, Technical Leads, and external software vendors to evaluate solution designs against business needs.
  • Support data migration planning, defining field-level mapping rules, validation logic, and cleanup strategies from legacy mainframes/databases to the target core platform.
  • Lead business configuration discussions around policy rules, product setup (term, whole life, universal life, riders), rating engines, and underwriting guidelines.
4. Testing, Change Management & Transition
  • Collaborate with Quality Assurance (QA) teams to review test strategies, test scenarios, and edge cases.
  • Formulate, coordinate, and supervise User Acceptance Testing (UAT) with key business stakeholders; manage defect triage and prioritization.
  • Assist in standard operating procedure (SOP) updates, user training material development, and go-live cutover support.
Required Qualifications & Experience
  • Education: Bachelor's degree in Business Administration, Information Systems, Computer Science, Finance, or a related discipline.
  • Experience:
    • 4-7+ years of Business Analyst experience within financial services, with at least 3 years specifically in Life Insurance.
    • Proven track record participating in a major core insurance system revamp, replacement, or large-scale migration (e.g., platforms such as DXC/CSC, BaNCS, eBaoTech, SAP for Insurance, Guidewire, or custom modern cloud stacks).
  • Domain Knowledge: Strong functional understanding of individual or group life insurance products and the end-to-end policy lifecycle:
    • New Business & Automated/Manual Underwriting
    • Policy Servicing / Alterations
    • Billing & Collections
    • Claims Assessment & Settlement
    • Reinsurance & Regulatory Reporting


Job ID  JN -102026-2010199
ABOUT COMPANY
Hong Kong
48 Employees HR & Recruitment
Morgan McKinley has been successfully connecting talented candidates with career opportunities for over 30 years. It’s in our DNA to Go Beyond – above...
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