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- Tasks: Lead a transformative project transitioning to Solvency UK reporting standards.
- Company: Join a dynamic team in the insurance sector, driving regulatory change.
- Benefits: Enjoy a competitive salary, hybrid work options, and a collaborative environment.
- Why this job: Be at the forefront of industry change, making a real impact in financial reporting.
- Qualifications: Experience in project management and strong communication skills are essential.
- Other info: Opportunity to engage with Lloyd's of London and enhance your professional network.
The predicted salary is between 84000 - 105000 £ per year.
Contract Project Manager – Solvency UK Transformation £105,000 – £125,000 | 9-Month Contract | Hybrid (Central London)
We are seeking an experienced Project Manager to lead a high-impact regulatory transformation programme focused on transitioning from Solvency II to Solvency UK reporting standards.
This role is pivotal in delivering a range of business-critical changes following the completion of a comprehensive gap analysis. You will be responsible for coordinating stakeholders, managing client outreach, and ensuring technical delivery across internal and external teams.
Key Responsibilities:
- Lead the delivery phase of the Solvency UK uplift programme, implementing changes identified during the gap analysis
- Manage client engagement, particularly with syndicates, to gather new data fields required under
- Solvency UK Oversee updates to regulatory forms and reports produced on behalf of clients
- Collaborate with BI and data warehouse teams to ensure clarity and timely delivery of data requirements
- Coordinate internal testing activities to ensure smooth delivery and readiness for go-live
- Act as liaison with Lloyd\’s of London, representing the company at industry workshops and interpreting technical guidance
- Manage third-party vendors, particularly around iXBRL tagging processes
- Work closely with actuaries and finance teams to align technical and financial reporting changes
Requirements:
- Proven project management experience in complex regulatory or financial reporting environments
- Strong stakeholder management and communication skills across technical and non-technical teams
- Experience working within or alongside the Lloyd\’s market is highly desirable, but not essential
- Comfortable working in fast-paced, deadline-driven environments with cross-functional collaboration
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Project Manager - Solvency UK (insurance) employer: BMO Harris Bank
Contact Detail:
BMO Harris Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Project Manager - Solvency UK (insurance)
✨Tip Number 1
Familiarise yourself with the Solvency UK reporting standards and the transition from Solvency II. Understanding the nuances of these regulations will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals who have experience in the Lloyd's market. Engaging with industry contacts can provide valuable insights and potentially lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 3
Prepare to discuss your experience in managing complex projects, particularly those involving regulatory changes. Be ready to share specific examples that highlight your stakeholder management skills and your ability to deliver under pressure.
✨Tip Number 4
Stay updated on current trends and challenges within the insurance sector, especially regarding regulatory transformations. This knowledge will help you engage in meaningful conversations during interviews and show that you're proactive about industry developments.
We think you need these skills to ace Project Manager - Solvency UK (insurance)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your project management experience, especially in regulatory or financial reporting environments. Use specific examples that demonstrate your ability to manage stakeholders and deliver complex projects.
Craft a Compelling Cover Letter: In your cover letter, address the key responsibilities outlined in the job description. Explain how your previous experiences align with the requirements, particularly your familiarity with Solvency II and Solvency UK standards.
Showcase Communication Skills: Since strong communication skills are essential for this role, provide examples in your application of how you've successfully engaged with both technical and non-technical teams. Highlight any experience you have with client outreach and stakeholder management.
Highlight Relevant Experience: If you have experience working within or alongside the Lloyd's market, make sure to mention it prominently. Even if it's not essential, demonstrating knowledge of this environment can set you apart from other candidates.
How to prepare for a job interview at BMO Harris Bank
✨Understand the Regulatory Landscape
Familiarise yourself with the differences between Solvency II and Solvency UK reporting standards. Being able to discuss these changes intelligently will demonstrate your expertise and readiness for the role.
✨Showcase Stakeholder Management Skills
Prepare examples of how you've successfully managed stakeholders in previous projects. Highlight your communication strategies and how you ensured alignment across technical and non-technical teams.
✨Demonstrate Project Management Experience
Be ready to discuss specific projects where you led regulatory or financial reporting transformations. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
✨Prepare for Technical Questions
Anticipate questions related to data requirements and iXBRL tagging processes. Brush up on your technical knowledge and be prepared to explain how you would approach these tasks in the role.