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For Companies At a Glance
- Tasks: Lead the development of customized investment solutions for insurance clients.
- Company: Join abrdn, a trusted partner in empowering clients to make better investment decisions.
- Benefits: Enjoy 40 days of annual leave, private healthcare, and flexible perks like gym discounts.
- Why this job: Be part of a team that shapes the future of investment solutions in the insurance industry.
- Qualifications: Strong understanding of insurance technicalities and investment strategies required.
- Other info: We value diversity and are committed to an inclusive workplace.
The predicted salary is between 72000 - 108000 £ per year.
Job Description
At abrdn, our purpose is to enable our clients to be better investors.
Clients worldwide trust us to find future-fit investment opportunities to deliver the outcomes they want. Our technology and insight help empower them to make better decisions, while the powerful partnerships we build help to enhance the expertise that we offer. And by enabling clients to invest responsibly, it helps us to build a better world.
About the department
The Insurance & Pension Solutions (IPS) team apply technical insurance and pensions investment expertise to strengthen abrdn’s client and investment related activities for insurers and pension clients, increasing abrdn’s ability to attract, serve and retain these clients. This includes the origination, development and implementation of customised investment solutions for individual clients and for market propositions.
About the role
As the Senior Solutions Director (Insurance) you will be responsible for contributing significantly, including in a leadership capacity, to the identification, development and implementation of holistic and/or customised investment solutions for individual insurance clients and for market propositions. The role holder will manage junior members in the team.
Key responsibilities
General
- Maintain an exceptional understanding of the insurance industry, particularly from an investment perspective.
- In a leadership capacity, support sales, relationship management, investment, marketing, operations, product development and other activities/teams by providing technical insurance expertise as required to deliver commercial success for abrdn.
Identification, development and implementation of insurance solutions
- Be a leading contributor to business development activities, supporting colleagues to identify, originate, develop and secure business opportunities with insurers – for individual insurers and market propositions – including drafting and presentation of materials for client pitches.
- Manage our relationship with relevant insurance clients (e.g., presenting at insurance client investment committee meetings).
- Deliver on technical insurance aspects of existing client promises (e.g., servicing bespoke client solutions and/or pooled product fund solutions).
- Support portfolio managers and other investment colleagues to integrate technical insurance expertise into solutions for current and prospective insurers (e.g., capital-efficient asset allocation and portfolio construction; balance sheet hedging; capital-light/efficient investment linked policyholder solutions; other asset and liability management solutions).
- Contribute to the development of products to serve the insurance market.
- Develop tools to improve our insurance capabilities.
About the candidate requirements
- Strong understanding of the technical requirements of different types of insurers (life, non-life, reinsurers, unit-linked, with-profit, non-profit, etc.), including those with differing strategies (bulk purchase annuity writers, back book consolidators, etc.).
- Exceptional understanding of Solvency II and ability to understand other regulatory regimes.
- Strong understanding of technical investment matters as they relate to insurers.
- Strong ability to apply the aforementioned expertise to originate, design and create solutions for a range of insurers in a commercially attractive manner for abrdn.
- Strong ability to identify commercial opportunities (including with individual clients and at a market/industry level) and to apply technical expertise to convert such opportunities into commercial success.
- Strong ability to represent abrdn in the industry at the highest levels – e.g., interacting with government, regulators, senior representatives of other businesses, etc.
We are proud to be a Disability Confident Committed employer. Therefore, if you have a disability and would like to apply to one of our UK roles under the Disability Confident Scheme, please notify us by completing the relevant section in our candidate questionnaire and one of our team will reach out to support you through your application process.
Our benefits
There’s more to working life than coming home with a good salary. We have an environment where you can learn, get involved and be supported.
When you join us, your reward will be one of the best around. This includes 40 days’ annual leave, a 16% employer pension contribution, a discretionary performance based bonus (where applicable), private healthcare and a range of flexible benefits – including gym discounts, season ticket loans and access to an employee discount portal.
Our business
Enabling our clients to be better investors drives everything we do. Our business is structured around three distinct areas – our vectors of growth – focused on our clients’ changing needs. We’re committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment.
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Senior Solutions Director (Insurance) employer: Aberdeen Standard Investments
Contact Detail:
Aberdeen Standard Investments Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Solutions Director (Insurance)
✨Tip Number 1
Make sure to stay updated on the latest trends and regulations in the insurance industry, especially Solvency II. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the market.
✨Tip Number 2
Network with professionals in the insurance sector, particularly those involved in investment solutions. Attend industry conferences or webinars to connect with potential colleagues and clients, which can give you an edge in understanding their needs.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully developed and implemented customized investment solutions in the past. Highlight your leadership experience and ability to manage teams effectively.
✨Tip Number 4
Familiarize yourself with abrdn's current offerings and recent developments. Being able to speak knowledgeably about the company’s strategies and how you can contribute will set you apart from other candidates.
We think you need these skills to ace Senior Solutions Director (Insurance)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you have a deep understanding of the Senior Solutions Director position. Familiarize yourself with the key responsibilities and requirements outlined in the job description, especially regarding technical insurance expertise and business development.
Tailor Your CV: Customize your CV to highlight relevant experience in the insurance industry, particularly in investment solutions. Emphasize your leadership skills and any previous roles where you contributed to business development or managed teams.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance sector and your ability to develop customized investment solutions. Use specific examples from your past experiences to demonstrate how you can contribute to abrdn's goals.
Highlight Technical Expertise: In your application, clearly outline your understanding of Solvency II and other regulatory regimes, as well as your ability to apply technical investment knowledge to create solutions for insurers. This will show that you are well-prepared for the challenges of the role.
How to prepare for a job interview at Aberdeen Standard Investments
✨Showcase Your Industry Knowledge
Make sure to demonstrate a deep understanding of the insurance industry, especially from an investment perspective. Be prepared to discuss current trends, regulatory changes like Solvency II, and how they impact investment strategies.
✨Highlight Your Leadership Experience
As this role involves managing junior team members, be ready to share examples of your leadership style and experiences. Discuss how you've successfully guided teams in developing customized investment solutions.
✨Prepare for Client Interactions
Since you'll be managing relationships with insurance clients, practice articulating how you would present at investment committee meetings. Prepare to discuss how you can effectively communicate complex technical information to clients.
✨Demonstrate Commercial Acumen
Be ready to identify and discuss potential commercial opportunities within the insurance market. Share examples of how you've previously converted technical expertise into successful business outcomes.
