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Senior Consultant (Solvency UK/Matching Adjustment)

Salary Highly Competitive
Location London, Edinburgh, Glasgow
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

We have an exceptional opportunity for a senior individual to take on a role within our award-winning Insurance & Financial Services practice, working side by side with our Partners and Client Directors across a variety of client assignments.

The role will be focussed on supporting our insurance and reinsurance clients across both risk & capital and investment & ALM. Core to our requirements is the ability to both generate proposition ideas and successfully bring solutions to the market, as well as overseeing high quality client deliverables as a subject matter expert. It is essential that the individual is energised by working on a project basis and across a number of areas.

In return you will have the opportunity to work on a range of projects that insurers and reinsurers are tackling today such as Solvency UK reforms, investment risk management, illiquid assets and Matching Adjustment optimisation.

What will your role look like?

  • Providing high quality support and advice to our insurance and reinsurance clients both in the UK and globally
  • Developing and maintaining strong relationships with clients, building a strong network of contacts in the life insurance industry
  • Identifying and developing further consultancy opportunities with new and existing clients
  • Delivering to our clients as a subject matter expert in the key areas of your experience
  • Collaborating across the business, particularly with our investment and risk transfer specialists in the firm, to deliver on cross-practice projects
  • Helping to promote our insurance offerings to a wider audience, which includes conference speaking and writing articles
  • Developing and shaping new investment propositions to take to our clients and prospects.

The Candidate

  • Significant experience in investment and ALM work, Solvency II/Solvency UK work for insurers, either ‘in-house’ at an insurer or asset manager or, in consulting
  • Experience of planning projects and track record of delivering quality work on schedule
  • Excellent consulting skills and proven record of achievement and delivery
  • Flexible in approach and comfortable with working in a changing environment
  • Proven ability to manage multiple and sometimes conflicting demands
  • Strong personal values, including a commitment to professional and ethical behaviour
  • Collegiate worker with high emotional intelligence, able to quickly establish good working relationships with new colleagues
  • Ability to develop a strong network of contacts in the life insurance industry
  • Ability to both generate proposition ideas and successfully bring solutions to the current client base
  • Ability to mentor and coach others 
  • Willing and able to travel where necessary

Technical knowledge

We are looking for a dynamic colleague with a deep understanding or working knowledge in one or more of the following:

  • Solvency II/UK, in particular in relation to the asset side of the balance sheet.
  • Understanding of investment markets and market risk drivers.
  • How insurers manage and hedge market risks.
  • Funded reinsurance transactions and structuring
  • Expertise in one or more private credit assets that insurers typically invest in.
  • Credit rating expertise.
  • Matching Adjustment
  • Private credit investment risk assessments
  • Risk Frameworks and risk appetite setting of insurers.
  • Insurance investment risk management.
  • UK insurance regulatory environment and PRA agenda.
  • Liquidity risk management.
  • Credit risk and credit risk management.
  • Experience of insurance Internal (Capital) Models for risks such as credit risk and market risks.

Other Experience and Qualifications

  • Strategic business acumen and knowledge of risks facing the insurance industry, which will have been acquired in an ‘in-house’ or consultancy role
  • Sound grounding in actuarial techniques and strong IT skills
  • Dependent on experience, but candidates are likely to be qualified UK actuaries with proven, relevant post-qualification experience, or hold another professional investment or quantitative risk qualification.
  • Proven commitment to continuous professional development

Together, we’ve been building better futures for over 100 years. For our people, our clients and their people, our communities and the environment. 

We thrive on tackling complex problems. And we believe those problems are best solved by diverse teams – diverse in skills, approaches and backgrounds. Our independence lets our people be themselves and think freely, while working in a collaborative, supportive environment.  We love innovative, independent thinking and want everyone to share their ideas.  

Working alongside employers, trustees and financial services institutions, we offer pensions, investments, benefits and risk consulting services, as well as data and technology solutions. With over 1000 employees and counting, we’re one of the leading consultancies in our field and are proud to be recognised by numerous industry awards. 

We’re committed to developing our people and encourage everyone to carve out their own career path. We’ve many colleagues who started out in one team in the business and have ended up somewhere completely different, having had the chance to develop new skills and explore new passions.   

We are continually working to improve our inclusive culture and employ diverse talent. We therefore welcome applications from people from all backgrounds, which includes but isn’t limited to: age, disability, ethnic heritage, gender, marital or civil partnership status, neurodiversity, religion, sexual orientation, and socio-economic background.

Our hybrid working model offers the best of both worlds – home working as well as a fun, collaborative office environment - meaning flexible working patterns to accommodate individual needs. Find out more about our careers here.

If you need any assistance in relation to a personal requirement, medical condition or neurological difference during our selection process then please let us know. 

Together, we can make this the best job you’ll ever have. 

Our culture

We live and breathe our four values – friendly, confident, partnering and straightforward – and genuinely care about out people, clients, community and the environment.

Job satisfaction

Every employee can genuinely make a difference and contribute towards achieving our purpose – together, building better futures. Whether that’s helping our clients build more secure financial futures, using your 3 days volunteering or helping us reduce our carbon footprint.

Reward and wellbeing

We offer competitive salaries, a share of company profits and an award-winning benefits package. We also take your mental, physical, social and financial wellbeing seriously, both in and outside of work.

Flexible working

We trust our people to work in a pattern that suits their circumstances with a healthy balance of home and office working.

Latest technology

We use the most up-to-date technology and software to match our ground-breaking business solutions that make life easier for us and our clients.

Career development

There is no linear path – learning opportunities are plentiful and empower you to carve out your own career.

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