Restructuring Manager / M&A Manager

Working hours: This role is available on a part-time, job-share or full-time basis.

Location: London, UK

Closing date for applications: 1st May 2026

The opportunity: We are seeking a proactive team player to join the restructuring team within Zurich Legacy Solutions ("ZLS"). We expect the individual to be engaging, calm under pressure, and comfortable expressing their views whilst always acting and promoting ZLS’s high ethical standards. ZLS is a global function responsible for working with Business Units across the Zurich Group to manage their capital by taking onboard management control of legacy portfolios and transacting them in the market through long-term retrospective reinsurance solutions or by legal transfer. The team is mainly based in the UK and the US, supporting BUs across the globe. ZLS is a high-profile team within the Zurich Group with direct reporting lines into the Head of Group Reinsurance and the Group CFO. Further, ZLS is seen as a market leader in legacy disposals across the worldwide external legacy market.

The role is to provide overall support to the transaction lead, encompassing identification and execution of exit strategies which maximize shareholder growth, achieve finality and recycle capital back to the Zurich Group to invest in its core business. The role also involves ensuring that the business operates efficiently and that service levels are maintained while the portfolio is prepared for exit.

The ideal candidate has a finance/business/accounting background with experience in the insurance/reinsurance industry and a good knowledge of insurance accounting. Ideally, they would have experience working on either the sale or acquisition of insurance/reinsurance companies or portfolios.

Flexibility: Many of our employees work flexibly in a variety of ways, including part-time, flexible hours, job share, an element of working from home or compressed hours. Please talk to us at interview about the flexibility you may need.

What will you be doing?

• Activities to promote ZLS and contribute to the overall ZLS portfolio exit strategy.
• Identifying the relevant market benchmarks and trends for the run-off industry as well as any managed portfolios.
• Researching, documenting and presenting information on the buyer universe.
• Developing business relationships with buyers, sellers, reinsurers, intermediaries, external advisers and internal stakeholders to facilitate the delivery of portfolio disposal strategies.
• Supporting the onboarding and management of portfolios from across the Zurich group, collaborating with local BU staff to understand and evaluate portfolio characteristics.
• Analysis of the underlying data in the portfolio and segmentation to identify embedded value for potential buyers.
• Discussions with Actuarial about portfolio reserving.
• Supporting the work led by the transaction lead across Underwriting, Claims, Actuarial and Finance functions to ensure operational effectiveness before exit.
• Contributing to the delivery of high levels of customer service to ZLS’s BU partners across the Zurich group.
• Day-to-day management of sell-side transaction processes up to execution, including preparing sale documentation and a Data Room.
• Managing buyers’ information and access requests during a live transaction process.
• Assisting ZLS legal, and external counsel where relevant, in developing a suite of legal contracts.
• Contributing to the exit strategy to maximize shareholder value and achieve finality.
• Supporting the preparation of detailed business case presentations to secure internal sign-off.
• Providing post-transaction execution support, including ensuring regulatory consents are secured in advance of, or following, an exit.
• Preparing and supporting the execution of internal and external communication plans including a staff plan for the team that works on the portfolio being exited.
• Preparing and executing a plan to ensure a smooth transition to the preferred bidder and project manage separation and post-closing issues.
• Preparing and executing plans for reputational issues post exit.

What are we looking for?

Required:

• Finance, Business, Accounting, Actuarial or similar degree; or a relevant professional qualification or progress towards such a qualification.
• Minimum 3 years’ experience in insurance/reinsurance with emphasis on insurance accounting and finance.
• Proficiency in Microsoft Word, Excel and PowerPoint; in particular experience in preparing PowerPoint presentations to a high standard.

Preferred:

• Buy or sell-side project management experience in a corporate M&A environment, including due diligence processes.
• Insurance finance and accounting knowledge with emphasis on M&A and reinsurance transaction experience.
• Interest in, and ability to, research companies and markets.
• Working knowledge of the legacy insurance/reinsurance market.

What will you get in return? Zurich offers a wide range of employee benefits to provide flexibility and choice. Benefits typically include a defined pension scheme, annual bonus, private medical insurance, and the option to buy or sell holiday. Details are available on our website.

Who we are At Zurich we aspire to be a responsible and impactful business. With over 65,000 employees, we are a long-standing player in the insurance industry. We are committed to sustainable impact, wellbeing, diversity and inclusion, and opportunities to learn and grow. We also support volunteering and charitable activity through the Zurich Community Trust.

Your application We’re committed to fairness and respect for all applicants. If you require reasonable adjustments, please let us know when you apply. Applications are encouraged to be submitted online; if you require an alternative method, please contact recruitment@uk.zurich.com.