At a Glance
- Tasks: Design and deliver innovative tech solutions for leading Insurers and Distributors.
- Company: Join Baringa, a global consulting firm known for its collaborative culture.
- Benefits: Enjoy 5 weeks annual leave, flexible working, and a profit share scheme.
- Other info: Be part of an award-winning workplace that values diversity and community impact.
- Why this job: Make a real impact in the insurance industry with cutting-edge technology.
- Qualifications: Experience in large-scale transformations within Insurance/Life & Pensions is essential.
The predicted salary is between 72000 - 88000 £ per year.
About Baringa
Baringa is a global consulting firm that partners with leaders to drive change and create value. With deep industry expertise, and enabled by advanced technology, the firm helps clients to deliver with greater confidence and certainty. With over 2,000 people across the UK, Europe, North America, Asia and Australia, the firm combines global insight with local understanding. The firm works across energy and resources, financial services, government and public sector, consumer products and retail, pharmaceuticals and life sciences, manufacturing, and technology, media and telecoms, with capabilities spanning strategy, transformation and operational excellence – all powered by advanced technology, data, AI and digital innovation. Clients value Baringa’s collaborative approach and the way its teams integrate seamlessly – all working with a shared understanding of what matters most. The firm is known for its kind, curious experts who listen closely and care deeply about client success as they help clients transform energy markets, modernise financial platforms, expand telecoms and digital networks through advanced data analytics, enable digital services in government, and unlock growth in consumer sectors.
Our Insurance practice are looking for experienced Consultants & Senior Consultants to join the team. Our Insurance practice works with the leading Insurers and Distributors across strategic advisory projects right through to business and technical change delivery. We are at the cutting edge of the industry and the wider ecosystem, helping our clients improve their profitability, navigate regulatory change and implement new technology solutions.
What you will be doing
- Work with leading Insurers and Distributors to design and deliver innovative solutions to their most critical technology challenges across Digital, Data and Technology.
- Helping Insurers with large transformation including legacy technology application replacement across Underwriting, Claims, Pricing, Finance and other Shared Services.
- Data strategy definition and delivery of data solutions.
- Digital and customer front end design and transformation.
- Leading Programme Scrum teams efficiently managing delivery of workstreams and raising risks to delivery within larger transformation programmes.
- Gathering client requirements and prioritisation of backlogs to deliver best returns for clients.
- Supporting business case development and presenting back to senior client stakeholders.
Your skills and experience
- Experience of working on a minimum of one large scale transformation or technology application upgrade within Insurance/Life & Pensions with a track record of delivering change.
- Knowledge of the technology landscape including the main COTS policy and claims platforms alongside InsurTech players relevant to the industry.
- Strong Business Analyst skills with experience of requirement gathering using different methodologies.
- A desire to learn and grow own skills in supporting Insurers to deliver their Digital, Data and Technology Agenda.
- Strong understanding of how General Insurance/London Markets/Life & Pensions businesses operate and the key processes within them.
- Strong communication and presenting skills.
- An interest in helping to build and develop our capabilities, thought leadership and offerings.
- Proven experience of project and programme delivery methodologies (Agile, Waterfall, Bi-modal etc).
- Proven experience in business engagement and business stakeholder management.
- Experience of working in a multi-vendor and multi stakeholder environment.
What a career at Baringa will give you
Putting People First. Baringa is a People First company and wellbeing is at the forefront of our culture. We recognise the importance of work-life balance and flexible working and provide our staff amazing benefits. Some of these benefits include:
- Generous Annual Leave Policy: We provide our employees with 5 weeks of annual leave, fully available at the start of each year. In addition to this, we have introduced our 5-Year Recharge benefit which allows all employees an additional 2 weeks of paid leave after 5 years continuous service.
- Flexible Working: We have implemented a hybrid working policy and introduced more flexibility around taking unpaid leave.
- Corporate Responsibility Days: All our employees get 3 every year to help social and environmental causes and increase our impact on the communities that mean the most to us.
- Wellbeing Fund: We’ve introduced our annual People Fund to support this by offering every individual a fund to support and manage their wellbeing through an activity of their choice.
- Profit Share Scheme: All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company’s success.
Diversity and Inclusion
We are proud to be an Equal Opportunity Employer. We believe that creating an environment where everyone feels a sense of belonging is central to our culture and that diversity is paramount to driving creativity, innovation, and value for our clients and for our people.
An award-winning workplace
You can be a part of our ‘Great Place to Work’ – with our commitment to women and well-being in the workplace for all.
Using business as a force for good.
We maintain high standards of environmental performance and transparency, which can be seen through our commitment to Net Zero with our SBTI-verified Scope 1, 2 and 3 emissions reduction targets and our support of the Better Business Act.
We have a long legacy of supporting the communities in which we work, and offer a variety of ways to contribute, by putting people first and creating impact that lasts.
Join us
All applications received will be reviewed by a member of our Talent Acquisition team. We never rely solely on automated screening or AI tools to make hiring decisions. Your application will be considered for employment without regard to race, ethnicity, religion, gender, gender identity or expression, sexual orientation, nationality, disability, age, faith or social background. We do not filter applications by university background and encourage those who have taken alternative educational and career paths to apply. We would like to actively encourage applications from those who identify with less represented and minority groups. We operate an inclusive recruitment process, ensuring reasonable adjustments where needed.
Consultant & Senior Consultant, Financial Services - General Insurance, London Markets and Life & Pensions employer: Baringa
Baringa is an exceptional employer that prioritises collaboration and personal growth within its Industrial Manufacturing practice in Greater London. With a strong commitment to employee wellbeing, generous annual leave, and flexible working arrangements, Baringa fosters a supportive work culture that values diversity and inclusion, making it an ideal place for professionals seeking meaningful and rewarding careers in Aerospace, Automotive, and Industrial sectors.
StudySmarter Expert Advice🤫
We think this is how you could land Consultant & Senior Consultant, Financial Services - General Insurance, London Markets and Life & Pensions
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Baringa. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Consultant & Senior Consultant, Financial Services - General Insurance, London Markets and Life & Pensions
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Baringa.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Baringa's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Baringa
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Baringa.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Baringa will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Baringa employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.