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BRS - Operational Restructuring (Senior Manager) Insurance

Posted: 8 Jun 2021 Closes: 9 Jul 2021
London Competitive
Permanent & Full-time PwC_149011WD-int

Our Business Restructuring Services (BRS) Operational Restructuring practice is the largest restructuring practice in the UK operating from 23 offices. We offer restructuring situational skills with functional expertise (business planning, cost reduction, cash and change management) and industry experience to our clients. Helping them develop sustainable solutions.We will provide you with the opportunity to support our clients survive an imminent crisis or simply fix gaps in their organisation. In joining, you'll help clients, among other things, reduce balance sheet stress, generate cash and reduce costs or refinance to find the best source of capital to support their business objectives. Whatever the solution, we help them manage road blocks until the job is done.
About the role

Financial institutions are under significant pressure to make wholesale changes to their businesses and operating models as a result of the macro-economic and geopolitical landscape, increasing competition and ongoing revenue pressures.

We are expanding our FS team to support the increasing demand from our clients across the Insurance sector . As well as working with a wide range of clients, you will also work with leading practitioners across the Deals, Strategy & and Consulting practice within the Firm.

As a Senior Manager in the team, you will be responsible for shaping the strategy and leading the implementation and rapid change delivery for our clients.

Your responsibilities will include
  • Bringing strong sector expertise and a demonstrable understanding of the challenges facing our FS clients to offer insights and value to transformation programmes.
  • Assimilating complex information to formulate a structured and pragmatic restructuring strategy best suited to the clients' strategic challenges and cost agenda.
  • Undertaking market and client analysis (including peer benchmarking) to understand the clients' commercial challenge and translating this into operational implications.
  • Analysing costs and operations information to quantify value creation opportunities with supporting business cases.
  • Developing cost savings strategies into a practical and fit for purpose implementation plan for clients, articulating clearly quick wins and longer structural cost transformation initiatives.
  • Preparing presentations and/or reports to key stakeholders (e.g. Board, senior management).
  • Managing senior stakeholders and inspiring change.
  • Developing, managing and sustaining strong client relationships with clients and within the Firm.
  • Drawing in expertise from different parts of the Firm to bring a compelling value proposition to clients.
  • Mobilising and leading delivery teams including coaching and upskilling of junior team members.
  • Actively managing project economics and overall programme governance.
You will also be expected to actively contribute to the development of our team by
  • Leading marketing and business development initiatives (both internally and externally). to continuously develop our position in the market.
  • Managing a diverse and inclusive team.
  • Coaching and acting as a role model for the junior members of the team.

Essential Skills and Experience

We are looking for candidates with the experience of supporting clients throughout the operational transformation lifecycle from strategic opportunity assessment and planning through to supporting the delivery of specific initiatives.

Given the multi-disciplinary nature of the work, these candidates will have experience either in industry or advisory or ideally both and have the following capabilities
  • Both financial and operational quantitative analytics with an understanding of the business and operating models for Insurance companies
  • Experience of developing and delivering complex operational change in the insurance sector.
  • An appreciation and understanding of the regulatory environment in the insurance sector and the impacts on the operations.
  • Experience of managing stakeholders at C-suite level.
  • Ability to manage and lead teams including working with ambiguity or conflicting priorities.
  • High impact communication in the written and verbal form with extensive experience of development of power point presentations to synthesise analysis and communicate key conclusions.
  • Experience of motivating and developing the team around you.
  • Ability to leverage technology enabled and digital tools to achieve efficient delivery for our clients.

The role is based in London, but requires flexibility to travel throughout the UK, with the potential to travel overseas, depending on client requirements. With an increasingly agile workforce, we are embrace smarter working where appropriate and have many successful arrangements currently in place.
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