At a Glance
- Tasks: Lead the migration of insurance data and enhance product capabilities in a dynamic environment.
- Company: Join HCLTech, a leader in insurance technology transformation.
- Benefits: Competitive salary, professional growth, and the chance to work on impactful projects.
- Other info: Collaborate with diverse teams and enjoy excellent career advancement opportunities.
- Why this job: Be at the forefront of transforming UK insurance with innovative solutions.
- Qualifications: Experience in product ownership and data migration within the insurance sector.
The predicted salary is between 58500 - 71500 £ per year.
We are looking for an experienced Product Owner / Business Product Lead to support the consolidated data migration and functional scaling of closed-book insurance portfolios into the Amarta Life and Pension System (ALPS). The role will initially focus on Life, Health, and Annuity product migration and will also support the extension of the target platform to administer Bond and investment-linked products. The successful candidate will act as the bridge between business stakeholders, legacy platform teams, data migration squads, actuarial teams, compliance stakeholders, QA teams, and Amarta configuration engineers. The role requires strong ownership of requirements, backlog prioritisation, migration acceptance criteria, reconciliation logic, and business validation across complex insurance data landscapes.
Key Responsibilities:
- Product Ownership: Own and manage the product backlog for insurance data migration, platform configuration, and functional enhancement activities.
- Target Platform Scaling: Define business requirements, data rules, product logic, schema updates, and configuration needs to extend Amarta from Life, Health, and Annuity administration into Bond product servicing.
- Migration Mapping: Lead user stories, business rules, field mapping, acceptance criteria, and validation requirements for ETL migration from multiple legacy platforms into a single target system.
- Agile Delivery: Prioritise epics, features, user stories, dependencies, and sprint deliverables in line with migration waves, release plans, testing cycles, and business readiness.
- Financial and Actuarial Validation: Work with actuarial and finance teams to define reconciliation rules covering policy values, premiums, annuity calculations, bond interest schedules, charges, surrender values, and legacy product rules.
- Data Integrity and Reconciliation: Support policy, customer, financial, document, transaction, and product-level reconciliation to ensure complete and accurate migration outcomes.
- Stakeholder Collaboration: Act as the central point of coordination between business SMEs, legacy developers, Amarta engineers, QA teams, data migration teams, compliance teams, and programme leadership.
- Governance and Compliance: Ensure requirements and acceptance criteria support UK insurance regulatory expectations, closed-book policy preservation, auditability, data protection, and operational control requirements.
- Testing Support: Support SIT, UAT, migration rehearsal, defect triage, business validation, cutover readiness, and post-migration hypercare activities.
Required Skills and Competencies:
- Insurance Domain Skills: Strong understanding of UK Life, Pensions, Annuities, Health, and closed-book insurance administration. Knowledge of legacy policy administration platforms and operational rules for mature / run-off books of business. Understanding of Bond or investment-linked insurance products, including premium allocation, interest / coupon cycles, surrender values, charges, policy servicing, and maturity treatment. Awareness of regulatory, compliance, data protection, audit, and policyholder outcome considerations within UK insurance operations.
- Technical and Migration Skills: Experience in large-scale data migration, system consolidation, data mapping, ETL requirements, source-to-target mapping, data cleansing, and migration validation. Ability to define functional logic, business rules, reconciliation requirements, and exception handling for migration-heavy programmes. Hands-on experience with Agile delivery tools such as Jira, Azure DevOps, or equivalent backlog management platforms. Ability to translate complex database structures, policy rules, and backend dependencies into clear business requirements and testable acceptance criteria. Understanding of policy administration platforms, product configuration, workflow, reporting, MI, and integration dependencies.
- Business and Communication Skills: Strong stakeholder management and communication skills across business, technology, data, actuarial, compliance, and operations teams. Ability to manage competing priorities between data remediation, platform readiness, migration delivery, and new product capability build. Clear documentation skills covering requirements, user stories, acceptance criteria, process flows, decision logs, and traceability. Strong analytical thinking, problem-solving ability, and attention to detail in regulated insurance environments. Ability to work independently in a UK client-facing delivery model while collaborating with offshore teams.
Qualifications and Experience:
- Graduate degree in Business, Information Technology, Computer Science, Engineering, Insurance, Finance, or a related discipline.
- Product Owner, Business Analyst, or Business Product Lead experience in insurance technology, policy administration, transformation, or data migration programmes.
- Prior experience in UK Life & Pensions, closed-book administration, annuity, bond, or investment product environments is strongly preferred.
- Experience working in Agile delivery models with cross-functional teams across business, technology, testing, data, compliance, and operations.
- Experience supporting migration rehearsal, cutover, business validation, UAT, and post-go-live stabilisation activities will be an added advantage.
Preferred Certifications:
- Certified Scrum Product Owner (CSPO), Certified ScrumMaster (CSM), or equivalent Agile certification.
- Business Analysis certification such as IIBA / CBAP / BCS Business Analysis will be preferred.
- Insurance domain certifications such as CII, LOMA, ALMI, FLMI, or equivalent will be an added advantage.
- ITIL Foundation or equivalent service management awareness is desirable.
Candidate Profile: The ideal candidate should be a strong Product Owner with hands-on experience in insurance platform change, data migration, and regulated delivery. They should be comfortable working with complex legacy estates, large data sets, product rules, business validation, and stakeholder groups across the UK and offshore delivery locations. The candidate must bring a practical delivery mindset, strong ownership, clear communication, and the ability to convert business and technical complexity into structured delivery outcomes.
What You Will Contribute:
- Successful migration of closed-book insurance data from multiple legacy systems into the Amarta target platform.
- Clear and testable business requirements for Life, Health, Annuity, and Bond product administration capabilities.
- Improved data quality, reconciliation confidence, and migration governance.
- Strong alignment between business SMEs, technology teams, actuarial teams, compliance stakeholders, and delivery teams.
- Controlled delivery across backlog management, testing, cutover readiness, and post-migration stabilisation.
Why Join HCLTech: This role offers the opportunity to work on a complex UK insurance transformation programme, supporting critical policy administration, data migration, product expansion, and platform modernisation activities. The candidate will be part of HCLTech’s insurance technology and operations ecosystem, contributing to resilient, compliant, and scalable delivery for the UK Life & Pensions market.
Business Product Lead employer: HCLTech
HCLTech is an excellent employer for those looking to advance their careers in cloud and infrastructure migration. With a strong focus on professional development, employees benefit from competitive compensation and a collaborative work culture that encourages innovation and growth. Located in a dynamic environment, HCLTech offers unique opportunities to work on cutting-edge technology projects while ensuring a supportive atmosphere for personal and professional advancement.
StudySmarter Expert Advice🤫
We think this is how you could land Business Product Lead
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like HCLTech). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like HCLTech. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Business Product Lead
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at HCLTech.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HCLTech. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at HCLTech
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HCLTech to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at HCLTech, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding HCLTech's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
