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Morgan McKinley - Hong Kong

Business Analyst (Insurance)

Morgan McKinley Hong Kong
Posted 2 days ago In-Office Job Permanent HKD30000 - HKD40000 per month

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_description_image
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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