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- Tasks: Lead a transformative project transitioning to Solvency UK reporting standards.
- Company: Join a dynamic team at the forefront of regulatory change in the insurance sector.
- Benefits: Enjoy a competitive salary, hybrid work options, and opportunities for professional growth.
- Why this job: Be part of a high-impact project that shapes the future of financial reporting.
- Qualifications: Experience in project management within regulatory or financial environments is essential.
- Other info: This is a 9-month contract role based in Central London.
The predicted salary is between 84000 - 105000 £ per year.
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.
Project Manager - Solvency UK (insurance) employer: Financial Women’s Association
Contact Detail:
Financial Women’s Association 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
Showcase your collaboration skills by discussing how you've worked with cross-functional teams in the past. Highlighting your ability to liaise between technical and non-technical stakeholders will be crucial for this role.
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 relevant project management experience, particularly in regulatory or financial reporting environments. Emphasise any experience with Solvency II or similar frameworks, and showcase your stakeholder management skills.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key responsibilities outlined in the job description. Mention your experience with client engagement and managing complex projects, and explain how you can contribute to the Solvency UK transformation programme.
Highlight Relevant Skills: In your application, clearly outline your strong communication skills and ability to work with both technical and non-technical teams. Provide examples of how you've successfully managed cross-functional collaboration in previous roles.
Showcase Industry Knowledge: If you have experience working within or alongside the Lloyd's market, make sure to mention it. Even if it's not essential, demonstrating your understanding of the industry can set you apart from other candidates.
How to prepare for a job interview at Financial Women’s Association
✨Understand the Regulatory Landscape
Familiarise yourself with the differences between Solvency II and Solvency UK reporting standards. Being able to discuss these changes confidently 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 between technical and non-technical teams.
✨Demonstrate Project Management Experience
Be ready to discuss specific projects where you've led regulatory transformations or financial reporting initiatives. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Prepare for Technical Questions
Expect 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 context of the role.