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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 finance.
- Benefits: Enjoy a competitive salary and hybrid working options in Central London.
- 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 with a salary range of £105,000 - £125,000 pro-rata.
The predicted salary is between 84000 - 100000 £ per year.
Job Description
Contract Project Manager – Solvency UK Transformation£105,000 – £125,000 | 9-Month Contract | Hybrid (Central London)Start Date: ASAP
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
Ideal Candidate:
- 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
Benefits
Contract: 9 months
Salary: £105,000 – £125,000 pro-rata
Project Manager - Solvency UK employer: Goodman Masson
Contact Detail:
Goodman Masson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Project Manager - Solvency UK
✨Tip Number 1
Familiarise yourself with the Solvency II and Solvency UK reporting standards. 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 experts can provide valuable insights and potentially lead to referrals that could strengthen your application.
✨Tip Number 3
Prepare to discuss specific examples of your project management experience, particularly in regulatory or financial reporting environments. Highlighting your past successes will showcase your capability to handle the responsibilities of this role.
✨Tip Number 4
Stay updated on current trends and changes within the insurance and regulatory landscape. Being knowledgeable about recent developments will allow you to engage in meaningful conversations during interviews and show your proactive approach.
We think you need these skills to ace Project Manager - Solvency UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant project management experience, especially in regulatory or financial reporting environments. Use specific examples that demonstrate your ability to manage complex projects and stakeholder engagement.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities outlined in the job description. Explain how your skills and experiences align with the requirements, particularly your experience with Solvency II or similar regulatory frameworks.
Showcase Stakeholder Management Skills: In your application, emphasise your strong communication skills and provide examples of how you've successfully managed stakeholders in previous roles. This is crucial for the Project Manager position.
Highlight Relevant 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 familiarity with the industry can set you apart from other candidates.
How to prepare for a job interview at Goodman Masson
✨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 led regulatory transformations or financial reporting initiatives. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨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.