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FWD Insurance

Senior Business Analyst

Early Applicant
  • 2 months ago
  • Be among the first 50 applicants
Exp: 8-10 Years

Banking/Accounting/Financial Services

Job Description

About FWD Group

FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD's customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

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For more information about FWD Hong Kong, please visit.

PURPOSE

  • Be responsible for designing the insurance related system and functions, work together with project team on implementation and deployment to support FWD strategic target.
  • Determine operational objectives by studying business functions gathering information evaluating output requirements and formats
  • Conduct and coordinate financial, product, market, operational and related research to support strategic and business planning within the various departments
  • Interpret, evaluate and interrelate research data and develop integrated business analyses and projections for incorporation into strategic decision-making
  • Work with Group solution management and assist the solution design and requirement discussion

KEY ACCOUNTAIBILITIES

  • Manage and lead up to medium scale project team, arrange project team resources assigned according to projects implementation plan
  • As new product BA leader to coach junior BA on related BA work and share the best practice on work to follow.
  • Translate user requirements to functional specs, lead the team members to formulate solution proposal for the functions and make sure the proposal meeting countries requirements
  • Communicate with different levels of stakeholders and influence their buy-in on the best-fit solutions
  • Carry out feasibility study of requirements and functional specs with users and other functional stakeholders
  • Participate into the system design review and collaborate with the development team to prioritize the development tasks.
  • Periodical review and evaluate the product design to improve reusability ratio for different BUs.
  • To facilitate the discussion of requirement elicitation in complex program/project in complex organization to get consensus on the solution that maximize the benefit to achieve business goal.
  • Build up a set of methodology to track daily, weekly, and monthly metrics and reports to improve the system performance.
  • Conduct insightful, ad hoc analyses to investigate ongoing or one-time operational issues
  • Build and develop an insurance functions COE to ensure a sustainable support to countries.

KEY PERFORMANCE INDICATORS

KPI to enable Polaris strategy:

  • Execute the Polaris strategy by respective initiatives to facilitate the digital and cloud-enabled transformations
  • Increase the reusability of business solution and source code in the transformation process
  • Improve better service availability for 24 x 7 support

Business indicators:

  • Continuously improve FWD insurance product design
  • Continuously improve FWD assessment/STP solution design and delivery management

Technical indicators:

  • IT Support Employees per End Users: Ratio support employees vs end-users
  • Manage to meet the preset standard per the IT Service Level Agreement (SLA)
  • Manage to build high reusability rules design
  • Continuously improve FWD system design
  • Understand the user's requirement
  • Provide completed solution
  • Deliver solutions and projects on time

EXTERNAL & INTERNAL CONTACTS

  • GO solution team
  • Local Market business user and project team
  • GO transformation team
  • CTC management team
  • IT vendors

DECISION MAKING

  • Recommendations on IT solutions, design & approach
  • Define the business scope to fulfill the requirement

QUALIFICATIONS / EXPERIENCE

  • Bachelor's / master's degree in computer science, computer engineering or equivalent experience.
  • 8+ Insurance experience
  • Experience on the insurance system and business analyst roles
  • Ability to communicate and influence all levels
  • Ability to transform customer requirements into technology requirements

KNOWLEDGE & TECHNICAL SKILLS

  • Get familiar with agile SDLC environment.
  • Excellent analytical and organization skills.
  • Effective working in a team as well as working independently.
  • Strong written and verbal communication skills.
  • Ability to analyze issues, develop options, and solve problems, making architecturally sound decisions within the cost and risk parameters set by FWD.
  • Developed written and verbal communication skills targeted at a diverse audience

NEED TO BE

  • Customer Focus - Seek to understand the business needs and seek for regular response from the users
  • People Management - Demonstrate awareness of own capabilities and development needs and support other's development by sharing own experience and expertise
  • Strategic thinking - Understand how own work aligned with broader team and department objectives. Able to plan own work priorities to achieve team targets and work and resolve problem quickly

PURPOSE
. Be responsible for designing the insurance related system and functions, work together with project team on implementation and deployment to support FWD strategic target.
. Determine operational objectives by studying business functions gathering information evaluating output requirements and formats
. Conduct and coordinate financial, product, market, operational and related research to support strategic and business planning within the various departments
. Interpret, evaluate and interrelate research data and develop integrated business analyses and projections for incorporation into strategic decision-making
. Work with Group solution management and assist the solution design and requirement discussion

Skills Required

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Date Posted: 21/09/2024

Job ID: 93804673

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About Company

FWD Group is a multinational insurance company based in Hong Kong. Founded in 2013 as the insurance arm of Pacific Century Group, FWD Group sells life and medical insurance, general insurance and employee benefits in Asia.

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Last Updated: 18-11-2024 07:49:25 PM
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