Senior Business Engineer (Insurance) at Ernst & Young Global Limited (EY)

Your key responsibilities

The Insurance Business Engineer will take a leading role in the Insurance competency. They will be responsible for both sales and delivery of insurance related projects. This includes sales and pre-sales activities of opportunity identification, pre-sales presentation and proposal writing and submission. They will be responsible for the quality of client interaction including thought leadership and guidance on industry best practice, while also playing a role in the delivery of the required solution through interaction with the assigned implementation team. They will follow project standards within established timeframes and at defined quality levels, and ensure projects are completed according to schedule and client specifications. This position is client-facing and requires travel to the client site as the project warrants. The work performed is typically moderately complex.

Skills and attributes for success

• Providing insurance expertise to internal stakeholders.
• Participate in the development and implementation of the Insurance practice strategy.
• Training and mentorship of junior resources.
• Maintain, enhance, and broaden knowledge and skills of Insurance applications, industry best practices and developments.
• Interact with clients to provide them insights and possibilities within the Insurance domain to help shape and craft their transformation journeys
• Interact with clients, consultatively, to determine project requirements and needs analysis.
• Present the Insurance capabilities and specific solution required to the client,
• Prepare proposals for clients in accordance with pre-defined standards and procedures.
• Establish and/or assist client with controls based on client’s business practices and processes; recommend best practices; review setup with clients and gain client acceptance.
• Use subject matter knowledge to advise the client on the most suitable options.
• Conduct process analysis and mapping activities for assigned applications if applicable.
• Assess and report risks during project and participate in the development and implementation of mitigation plans.
• Communicate project scope, status, and risks to all stakeholders.
• Record accurate and timely accounting of time spent on project related activities.
• Follow established project, departmental, company procedures and quality standards.
• Follow established project management standards.
• Provide activities related to the management of assigned implementation projects to bring the project to a timely close and transition the client appropriately.
• Complete post-implementation tasks in a timely manner.
• Update internal documentation as applicable.

To qualify for the role, you must have

• Minimum of 5-10 years of experience in the insurance domain, through a financial institution or an industry software vendor company.
• Proven industry relevant track record of in-depth knowledge of insurance domain, associated standards, practices and regulations
• Client facing service experience required. Engagement across stakeholders and ability to run information gathering and sharing sessions
• Experience with various project management disciplines preferred
• Experience with technology transformation programs at various levels
• A working knowledge of domestic and international insurance domains including:
• Actuarial Valuations
• Risk Management
• Finance Operations

Regulatory Requirements (i.e. IFRS, Solvency)

• Business Operations
• Customer Service
• Business Writing Skills (business cases, proposals)
• Presentation and Facilitation Skills
• System Development Life Cycle (Waterfall, Agile)
• Quality Assurance and Risk Management
• Innovative thinker

Ideally, you’ll also have

• Experience with Insurance domain software platforms and vendors
• Exposure to core transformation journeys at a variety of levels (management, design, implementation)
• Insurance technology architectural experience and understanding
• Exposure to cloud-based technologies and solutions within the insurance domain and associated transformation/migration programs