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- Tasks: Lead strategic management and disposal of Zurich's non-core portfolios globally.
- Company: Zurich is a leading global insurer with over 55,000 employees in 170 countries.
- Benefits: Enjoy a 12% pension scheme, annual bonuses, private medical insurance, and flexible holidays.
- Why this job: Join a diverse team, make an impact, and thrive in a supportive culture.
- Qualifications: Qualified Accountant, Lawyer, or Actuary with broad insurance industry experience.
- Other info: This role offers hybrid working options and opportunities for personal development.
The predicted salary is between 72000 - 100000 £ per year.
Location: London
The opportunity: Zurich Legacy Solutions (ZLS) is Zurich’s internal business unit responsible for the strategic management, run-off, and disposal of Zurich’s discontinued and under-performing non-core portfolios globally. ZLS has managed portfolios with exposures of 4bn USD, comprising global property, casualty, commercial, disability, life, property & banking exposures in North America, Europe, and Asia Pacific. The primary role of the incumbent is to develop and implement the work out strategy for ZLS’s diverse portfolio, including providing regular updates and recommendations to Zurich’s senior committees, such as the Group CFO and the Group Balance Sheet Committee. The successful candidate will be practical, deeply experienced in various business and financial roles, commercially astute, and able to navigate complex environments.
What will you be doing?
- Work with the Group Treasurer to set the strategic direction of ZLS
- Lead and motivate the team across different geographical locations to achieve targets set within the strategic business plan
- Provide management, direction, and leadership to the restructuring teams to ensure legacy contracts are settled advantageously
- Manage the sell-side due diligence and M&A process on the disposal of run-off companies globally
- Oversee finality-focused litigation
- Analyze troubled portfolios and recommend strategies for ZLS
- Coordinate capital extraction planning with internal/external actuaries, regulators, and the High Court
- Act as an ambassador for ZLS within the Zurich Group and external run-off market
What are we looking for?
- Qualified Accountant, Lawyer, or Actuary
- Broad insurance industry experience (M&A / Run off experience an advantage)
- Excellent knowledge of large corporate entities
- Knowledge of General & Life Insurance
- Understanding of legal and regulatory issues
- Strong project and strategic management skills
- High level of financial literacy
- Understanding of financial products and risk management
- Strong compliance and regulatory knowledge
- Commitment to corporate values and personal development
- Strong team player and stakeholder management skills
What will you get in return? We offer a wide range of employee benefits, including a 12% defined non-contributory pension scheme, annual company bonus, private medical insurance, and flexible holiday options.
Who we are: At Zurich, we aspire to be a responsible and impactful business and the best global insurer, with over 55,000 employees in more than 170 countries.
Our Culture: We are passionate about diversity and inclusion and are committed to treating all applicants fairly and with respect. So make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.
Chief Executive Officer (CEO), Zurich Legacy Solutions (ZLS) employer: Zurich 56 Company Ltd
Contact Detail:
Zurich 56 Company Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Executive Officer (CEO), Zurich Legacy Solutions (ZLS)
✨Tip Number 1
Network with professionals in the insurance and financial sectors, especially those with experience in M&A and run-off portfolios. Attend industry events or webinars to connect with potential colleagues and decision-makers at Zurich.
✨Tip Number 2
Familiarise yourself with Zurich's corporate culture and values. Understanding their commitment to diversity and inclusion can help you align your approach during interviews and discussions.
✨Tip Number 3
Stay updated on current trends and challenges in the insurance industry, particularly regarding legacy solutions and regulatory issues. This knowledge will enable you to engage in informed discussions and demonstrate your expertise.
✨Tip Number 4
Prepare to showcase your leadership skills by thinking of examples where you've successfully motivated teams across different locations. Highlighting your ability to manage diverse teams will be crucial for this role.
We think you need these skills to ace Chief Executive Officer (CEO), Zurich Legacy Solutions (ZLS)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in strategic management, financial roles, and the insurance industry. Emphasise your qualifications as an Accountant, Lawyer, or Actuary, and showcase any M&A or run-off experience.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your understanding of Zurich Legacy Solutions' objectives and how your skills align with their needs. Mention your ability to lead teams across geographical locations and your experience in managing complex portfolios.
Highlight Leadership Experience: In your application, focus on your leadership skills and experience in motivating teams. Provide examples of how you've successfully led restructuring teams or managed significant projects in the past.
Showcase Financial Acumen: Demonstrate your high level of financial literacy and understanding of financial products and risk management. Include specific examples of how you've navigated legal and regulatory issues in previous roles.
How to prepare for a job interview at Zurich 56 Company Ltd
✨Understand the Business Landscape
Familiarise yourself with Zurich Legacy Solutions and its role within the broader Zurich Group. Be prepared to discuss how your experience aligns with managing complex portfolios and navigating the challenges of run-off strategies.
✨Showcase Leadership Skills
As a CEO, demonstrating your ability to lead and motivate teams across different geographical locations is crucial. Prepare examples of how you've successfully managed diverse teams and achieved strategic goals in previous roles.
✨Highlight Financial Acumen
Given the financial focus of the role, be ready to discuss your experience with financial products, risk management, and compliance. Use specific examples to illustrate your high level of financial literacy and understanding of regulatory issues.
✨Prepare for Strategic Discussions
Anticipate questions about your approach to setting strategic direction and managing restructuring processes. Think about how you would coordinate capital extraction planning and engage with stakeholders, including actuaries and regulators.
