Job description
Connect to your Industry
The Insurance Legal Entity Structuring team forms part of Deloitte's Strategy, Risk & Transactions Advisory Practice and is a centre of excellence for Insurance regulation and the design and implementation of insurers' target legal entity structures. Using this expertise we support firms with:
* Merging and setting up new insurance carriers and branches in the UK and Europe in accordance with regulatory requirements and expectations.
* Leading insurance PVII transfers and cross-border mergers (including regulatory engagement and detailed planning).
* Drafting regulatory business plans and developing target operating models to ensure Day 1 readiness.
* Aligning insurers' legal entity structures with their strategic objectives to reduce unnecessary cost, create capital and operational efficiencies, generate synergies and streamline governance arrangements.
* End-to-end programme management and leadership to successfully implement insurers' target state structures, including the co‑ordination of subject matter experts (e.g. Tax, Technology & Data, Regulatory, Legal, People, Actuarial, Accounting) and project teams across multiple jurisdictions.
We wish to recruit high calibre, motivated and self‑starting individuals across Senior Manager and Assistant Director levels with skills and experience in one or more of the following disciplines:
* Experience of successfully achieving regulatory licenses, permissions and/ VoPs for insurance firms and setting up new regulated insurance entities.
* Corporate re‑organisations in the insurance sector, such as merging entities, establishing holding companies and business transfers.
* Involvement in mergers and acquisitions from a regulatory perspective including regulatory due diligence, drafting regulatory business plans, legal entity structuring and Day 1 planning.
* Programme leadership and detailed planning to support smooth execution of the target state structure.
* Managing and leading multi‑disciplinary and cross‑jurisdictional teams.
Connect to your opportunity
You will help deliver client engagements focusing on the above topics, providing in‑depth skills and expertise and a practical understanding of an insurer from underwriting lines of business to functions providing day‑to‑day support across General Insurance and/or Life, MGAs and hybrid insurers, ensuring that we can deliver solution‑orientated outcomes for complex challenges in partnership with our clients. By joining Deloitte, you will:
* Work with some of the most prestigious national and global clients to address their greatest challenges and provide innovative and creative solutions to overcome these.
* Having access to our broad range of market‑leading services, propositions, assets and our extensive knowledgebase, accumulated over hundreds of successful projects to develop your career.
* Continue to grow and develop your core skills, hone your insurance industry expertise and truly reach your potential by accessing the wealth of learning and development available at Deloitte.
Successful applicants will have responsibility for the following:
* Lead client projects by managing client relationships, developing the scope and engagement plan, managing team members, setting up and monitoring engagement financials and overseeing the production of high‑quality deliverables.
* Work with a range of client stakeholders, being seen as a subject matter expert within client organisations and by colleagues.
* Have, and further develop and maintain deep industry relationships and knowledge.
* Contribute to the development and growth of the practice by sharing and capturing knowledge, setting an example to others through collaboration and helping team members to develop through training and talent initiatives.
* Lead and co‑ordinate internal practice development activities by participating in our business proposition, driving methodologies and developing points of view.
* Establish and build a network of contacts across Deloitte and peer networks within our clients' businesses.
* Lead and develop proposals for new client opportunities and have an integral role in industry and insurance account initiatives.
Connect to your skills and professional experience
We encourage applicants who come from either consulting, regulatory or industry backgrounds. To qualify for the role candidates will have the following skills and experience:
* Previous advisory, consulting, regulatory or internal project or programme experience in insurance.
* A strong understanding of the insurance industry and the ability to identify associated risks and effective mitigants to typical insurance issues and challenges.
* Solid understanding of the regulatory environment and the core principles of risk management and governance for insurers.
* Demonstrable strong core project management skills, ability to prepare impactful presentation materials, ability to interpret and analyse large data sets, ability to manage bids/proposals/business cases/project financials.
* Experience of working in multi‑disciplinary teams to deliver on high‑profile and complex transformation engagements in a fast‑paced project environment.
* Strong attention to detail with the ability to deliver high‑quality written deliverables and to manage a significant and demanding workload under pressure.
* Ability to build strong relationships and work with senior stakeholders at and above Director level, both internally and externally.
* The ability to communicate technical concepts clearly and concisely to non‑technical audiences, including the impact of regulatory change or communication of regulatory expectations.
* Experience of developing junior staff and mentoring team members.
* Ability to think creatively, generate innovative ideas, challenge the status quo and deliver effectively to ambitious requirements.
Our hybrid working policy
You’ll be based in London with hybrid working. Depending on the requirements of your role, you will have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You will get the chance to meet face‑to‑face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing.
Personal independence
Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further details as you progress through the recruitment process, or you can contact the Independence team upon request.
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