At a Glance
- Tasks: Lead post-merger integration and transformation for insurance clients, driving impactful change.
- Company: Join EXL, a global leader in data and AI, transforming industries worldwide.
- Benefits: Competitive salary, bonuses, private healthcare, and flexible hybrid working.
- Other info: Dynamic environment with opportunities for professional growth and development.
- Why this job: Make a real impact in the insurance sector with innovative solutions and expert teams.
- Qualifications: 5-8 years of consulting experience, especially in M&A within insurance or financial services.
The predicted salary is between 58349 - 71315 £ per year.
EXL (NASDAQ: EXLS) is a global data and artificial intelligence company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed.
EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others.
EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect.
We are headquartered in New York and have more than 60,000 employees spanning six continents. For more information, visit www. exlservice. com.
Role Title
Insurance Consultant
BU/Segment
Insurance Consulting
Location
London, United Kingdom (Flexible hybrid working)
Employment Type
- Permanent
- Summary of the role
- We are seeking an experienced
- Consultant or Senior Consultant with a strong background in the
- Insurance sector and hands‑on experience in
Mergers and Acquisitions (M&A) .
The ideal candidate will have a proven ability to support clients through strategic integration and transformation programmes, particularly following mergers or acquisitions.
You will play a key role in guiding insurance clients through complex change — assessing integration readiness, developing roadmaps, aligning senior stakeholders, and ensuring smooth operational harmonisation.
This is an opportunity to work with leading insurers and financial institutions, leveraging EXL’s global expertise in data, AI, and digital transformation to deliver measurable impact.
Responsibilities
- Lead or support post‑merger integration and transformation workstreams for insurance clients.
- Collaborate with cross‑functional teams to assess integration readiness and create detailed implementation plans.
- Conduct gap and synergy analyses across key business functions (underwriting, claims, finance, operations, risk, compliance).
- Advise clients on target operating models, governance frameworks and cultural alignment strategies post‑acquisition.
- Partner with C‑suite executives to facilitate workshops, define integration objectives, and drive execution.
- Monitor progress and risks, provide clear reporting on milestones, dependencies, and mitigation strategies.
- Support change management and communication initiatives to drive adoption of new processes and systems.
- Contribute to business development activities, including proposals, client presentations and thought leadership.
Qualifications and experience
- 5–8 years of consulting experience, preferably within a top‑tier consulting or advisory firm.
- Proven experience delivering pre‑ and post‑merger integration projects, ideally within insurance or financial services.
- Strong understanding of insurance operations (P&C, specialty, or reinsurance) and regulatory landscape.
- Experience managing due diligence, synergy assessment or integration planning phases of M&A deals.
- Familiarity with digital and data‑driven transformation initiatives within insurance.
- Exceptional analytical, stakeholder management and communication skills.
- Proficiency in project management tools and methodologies (Agile, PMP, Prince2, etc.).
Skills and Personal attributes
- M&A integration expertise – strategy, planning and execution.
- Strong financial and operational acumen to evaluate deal value drivers.
- Excellent stakeholder engagement and relationship management at senior levels.
- Ability to translate complex integration challenges into actionable plans.
- Structured problem solver focused on delivering tangible business outcomes.
- Collaborative team player with consulting agility and adaptability.
- Passionate about innovation, digital transformation and continuous improvement.
Benefits
- A competitive salary with a generous bonus, private healthcare, critical illness life assurance at 4× annual salary, income protection insurance, and a rewarding pension.
- Financial well‑being solutions such as cashback cards, bike‑scheme savings.
- Professional and personal development opportunities including online courses and workshops.
- Commitment to diversity and equal opportunity.
- Employee Stock Purchase Plan eligibility.
- Flexible hybrid working model to support work‑life balance.
To be considered for this role, you must already be eligible to work in the United Kingdom.
- Seniority level
- Associate
- Employment type
- Full‑time
- Job function
- Consulting
- Business Consulting and Services, Insurance, and IT Services and IT Consulting
- #J-18808-Ljbffr
Insurance Consultant – Lloyd’s & Specialty Markets employer: EXL
EXL is an excellent employer that fosters a collaborative and innovative work culture in the heart of London. With a strong emphasis on employee growth, we offer numerous opportunities for professional development and skill enhancement, particularly in the dynamic field of data analytics and insurance. Our commitment to work-life balance and a supportive environment makes EXL a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Consultant – Lloyd’s & Specialty Markets
✨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 EXL). 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 EXL. 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 Insurance Consultant – Lloyd’s & Specialty Markets
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 EXL.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at EXL. 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 EXL
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at EXL 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 EXL, 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 EXL'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.
