At a Glance
- Tasks: Lead strategic operations and technology transformations in the insurance sector.
- Company: Join Sixth Street, a global investment firm with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Other info: Work with a diverse team and enhance your career in a high-growth setting.
- Why this job: Make a real impact in a dynamic environment while driving innovation.
- Qualifications: 5+ years in strategic operations or project management, preferably in financial services.
The predicted salary is between 90000 - 110000 £ per year.
About Sixth Street Insurance
Sixth Street Insurance focuses on strategic partnerships, corporate acquisitions, reinsurance, and other balance sheet bolstering transactions across the global insurance sector. Sixth Street pursues these opportunities through a dedicated team of investment professionals and insurance experts located across North America and Europe.
The Role
This is a full-time role based in London. The Sixth Street Insurance Operations & Program Management Office (PMO) Team is responsible for providing support, subject matter expertise, and strategic insight to the Sixth Street Insurance business unit and Sixth Street portfolio companies. As an Insurance Operations Program Manager in the Sixth Street Insurance Operations & PMO Team, you will play a key role in the continued build-out and expansion of the Insurance business unit in the following areas:
- Operations, expense, and technology due diligence of M&A / deal pipeline
- Insurance business unit project portfolio management and report syndication support
- Program and project management of key initiatives
- Management of key business processes for the Sixth Street Insurance team
- Support of portfolio company technology projects, system/data conversions, portfolio / product integrations, and outsourcing efforts
- Operating expense planning and budgeting analysis and oversight of portfolio companies
- Mature interaction and engagement models with portfolio companies
The candidate will work closely with Sixth Street’s investment professionals, portfolio company leadership teams, and internal and external partners to drive performance improvements across the platform and maximize Sixth Street returns. The candidate will provide support for the Sixth Street Insurance European portfolio companies as well as U.S. portfolio companies. The overall objective of the role is to increase the value of the insurance portfolio by working closely with both internal and external stakeholders to deliver on the Insurance Business Plan.
Core Responsibilities
- Work with portfolio companies to enhance operational, technology, and expense performance
- Perform operational due diligence on deals / M&A transactions; assess operational and technology synergies and conduct operating expense analysis to inform bid pricing
- Partner across Sixth Street Asset Management, Accounting, Operations, and Engineering teams to build-out and mature infrastructure to onboard and manage insurance LP investment management mandates
- Provide strategic advice, insights, and support to portfolio companies on their technology transformations, data and portfolio migrations, and outsourcing strategies
- Contribute to portfolio company operating expense and budgeting planning including staffing level assessments
- Provide operational risk oversight of portfolio companies and support operational risk assessments
- Recommend and support strategies to improve operations, process management, and project portfolio management of the Insurance business unit
- Contribute to improving and refining interaction and engagement models between Sixth Street and insurance portfolio companies
- Support the broader Insurance team on various projects across Europe and globally
- Partner across the Insurance business unit and other Sixth Street business units to deliver value for the franchise
- Work with Insurance portfolio companies on strategic priorities including outsourcing and vendor contract development and negotiation
Success over the first 6-12 months will be defined by ability to drive improvement in the overall operational maturity of the Insurance business unit and the Insurance portfolio companies, with a specific focus on execution of the integration roadmap of a recently signed joint venture.
What We Value
- Ability to multi-task and maintain composure in a high-volume environment
- Strong sense of urgency; ability to execute quickly and efficiently with strong attention to detail
- Strong verbal and written communication abilities
- Structured problem solver who is able to synthesize complex information from a variety of sources into implementable recommendations and solutions
- Ability to collaborate effectively across multiple teams
- Comfort working in a high growth, iterative environment
- An ability to work through others to influence outcomes, as well as a willingness to “roll-up your sleeves” to get things done
- Bias for action, change, and transformation
- Significant attention to detail and ability to identify what matters most in a complicated operating environment
- Team player with focus on joint success over individual accolade
- Well organized and able to work on, and track, multiple projects concurrently
Preferred
- At least 5 years of experience driving strategic operations and/or technology transformation in financial services (preferably insurance)
- At least 5 years of program / project management experience
- Experience driving outsourcing of operations and technology business functions including contract design and negotiation with counterparties
- Demonstrated ability to solve complex problems and deliver results in various business settings
- Thorough understanding of how to evaluate ROI of various operations and technology improvement opportunities
- Deep experience in financial services operations, preferably life insurance, annuities, and pensions in the European or U.K. markets
- Familiarity with investment and asset management operations for insurance companies a plus
- MBA, consulting experience, and PMP a plus
- Experience in private equity or alternative asset management a plus
About Sixth Street
Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth. Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams. We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world. We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins.
For more information, visit the Sixth Street Careers site or follow us on LinkedIn.
Insurance Operations Program Manager, Vice President in London employer: Sixthstreet
At Sixth Street Insurance, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of London. Our commitment to employee growth is evident through tailored development programmes and opportunities to engage with industry leaders, ensuring that you can thrive both personally and professionally while contributing to impactful projects within the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Insurance Operations Program Manager, Vice President in London
✨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 Sixthstreet). 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 Sixthstreet. 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 Operations Program Manager, Vice President in London
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 Sixthstreet.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sixthstreet. 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 Sixthstreet
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sixthstreet 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 Sixthstreet, 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 Sixthstreet'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.
