At a Glance
- Tasks: Lead business development in insurance regulatory and legal structuring, driving strategic change.
- Company: Join Deloitte's dynamic team in the heart of London.
- Benefits: Competitive day rate, hybrid work model, and potential for permanent role.
- Other info: Collaborative culture with opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry while enhancing your career.
- Qualifications: Extensive experience in insurance business development and regulatory environments.
The predicted salary is between 72000 - 84000 £ per year.
You are a senior Business Development leader with a deep understanding of legal entity structuring within the insurance industry and the regulatory considerations that drive structural and strategic change. You operate confidently in complex, highly regulated environments and bring credibility in conversations with C-suite, Boards, and senior regulatory-facing stakeholders.
The Insurance Legal Entity Structuring team forms part of Deloitte’s Strategy, Risk & Transactions Advisory Practice and is a centre of excellence for Insurance regulation and the design and implementation of insurers’ target legal entity structures. Using this expertise we support firms with:
- Merging and setting-up new insurance carriers and branches in the UK and Europe in accordance with regulatory requirements and expectations
- Leading insurance PVII transfers and cross-border mergers (including regulatory engagement and detailed planning)
- Drafting regulatory business plans and developing target operating models to ensure Day 1 readiness
- Aligning insurers’ legal entity structures with their strategic objectives to reduce unnecessary cost, create capital and operational efficiencies, generate synergies and streamline governance arrangements
- End-to-end programme management and leadership to successfully implement insurers’ target state structures, including the coordination of subject matter experts (e.g. Tax, Regulatory, Legal, People, Actuarial, Accounting) and project teams across multiple jurisdictions
- Corporate re-organisations in the insurance sector, such as merging entities, establishing holding companies and business transfers
- Mergers and acquisitions from a regulatory perspective including regulatory due diligence, drafting regulatory business plans, legal entity structuring and Day 1 planning
- Insurance regulatory advisory & licensing
- Legal entity structuring & reorganisation
About you:
- Be very well connected within the insurance industry with significant experience of identifying, qualifying, and securing new business.
- Have a strong understanding of the insurance industry and the ability to identify associated risks and effective mitigants to typical insurance issues and challenges.
- Have a practical understanding of an insurer from underwriting lines of business to functions providing day-to-day support across General Insurance and/or Life, MGAs and hybrid insurers.
- Be highly experienced in designing and executing multi-faceted, cross-jurisdictional business development and be able to demonstrate success in developing and executing winning capture strategies.
- You will be passionate about leading business development and marketing initiatives that not only drive revenue but also enhance brand reputation.
- Have a collaborative, strategic, and results-oriented approach.
- Be outcome focused with the ability to turn regulatory change into sustainable revenue growth.
Business Development Manager (Insurance Regulatory, Legal Entity Structuring & Transactions Adv[...] employer: Deloitte - Recruitment
Deloitte is an exceptional employer, offering a dynamic work environment in the heart of Central London, where innovation meets tradition. With a strong focus on employee growth and development, we provide opportunities for our team members to engage with C-suite executives and lead transformative projects in the insurance sector. Our hybrid work model promotes a healthy work-life balance while fostering a collaborative culture that values strategic thinking and results-driven initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Manager (Insurance Regulatory, Legal Entity Structuring & Transactions Adv[...]
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Deloitte - Recruitment). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Deloitte - Recruitment. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Business Development Manager (Insurance Regulatory, Legal Entity Structuring & Transactions Adv[...]
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Deloitte - Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Deloitte - Recruitment. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Deloitte - Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Deloitte - Recruitment to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Deloitte - Recruitment, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Deloitte - Recruitment's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
