Business Analyst KYC - Life Insurance - Freelance

Daily rate: 650/700€

Context

A leading life insurance company in Belgium is seeking a Life Insurance Business Analyst to join the Business Change & Monitoring team within the Life Insurance division. This team of 10 people—Actuaries, Business Analysts, and Testers—supports portfolio migration and commercial development projects.

This position is strictly a Business Analyst role focused on business process analysis, regulatory interpretation, KYC optimisation, and bridging business with IT. It does not involve writing technical specifications or performing system-level functional design.

Missions

• Analyse and challenge existing KYC processes and data management practices.
• Define and formalise business requirements according to the company’s quality standards.
• Identify process, data, and operational impacts related to KYC/AML obligations.
• Ensure clear understanding between Business, Compliance, Operations, and IT.
• Translate business needs into conceptual requirements, without producing technical specifications or system design documents.
• Prepare and execute business process tests and calculation validations.
• Support UAT by ensuring that implemented solutions meet business expectations, without performing functional system analysis.
• Act as a business intermediary, ensuring alignment between business teams and IT delivery teams.
• Provide regular reporting on progress and risks.
• Facilitate collaboration with stakeholders (IT, Operations, Business, Distribution, Compliance).
• Build trustful relationships with internal clients and external partners.

Tools & Environment

• Business/process analysis methodologies.
• Knowledge of life insurance contract lifecycle and value chain.
• Understanding of KYC/AML regulatory obligations in life insurance.
• Familiarity with identity verification processes and risk-based approaches.
• Awareness of data constraints and data quality considerations.
• Understanding of service-oriented architectures (APIs, microservices) from a business impact perspective.
• Understanding of automation solutions and their business applicability.
• Workshop facilitation and co-creation sessions.

Working Conditions

• Contract type: Service contract
• Location: Belgium
• Languages required: French and English (Dutch is a plus)
• Experience required: Minimum 5 years in life insurance or banking
• Education: University degree in mathematics or equivalent experience
• Role focus: Business process analysis, regulatory interpretation, and business-driven KYC optimisation (not functional analysis or technical specification writing)

Explicit Statement

This is not a Functional Analyst role. The position focuses on business process analysis, regulatory interpretation, and business-driven KYC optimisation. It does not include writing technical specifications, designing system functionalities, or acting as an IT Functional Analyst.