Life & Group Insurance Transformation – Financial Services – Business Consulting – Manager (Open)

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better. Join us and build an exceptional experience for yourself, and a better working world for all.

The exceptional EY experience. It’s yours to build.

EY focuses on high-ethical standards and integrity among its employees and expects all candidates to demonstrate these qualities.

Insurance – Life & Group Transformation – Business Consulting – Manager

EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing, and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team!

Our Life and Group Transformation practice helps insurance clients improve and transform their life/annuity, group benefits, and retirement services businesses in areas such as operating model redesign, process improvement, technology enablement, organizational design, M&A due diligence and post-merger integration. We work across the value chain from sales to service and claims. 

The Opportunity 

Increased customer expectations, new data sources, advanced analytics, and innovative technology have enabled insurance carriers to become better, faster, and more efficient. We currently are seeking a highly motivated Consultant to join EY engagement teams, deliver consulting services and develop business with our clients: the largest providers of life insurance, group benefits and retirement. Our Life and Group Insurance Transformation practice helps our clients to reimagine, modernize and disrupt how they succeed in the market and create long-term, sustainable value. 

In this role, you will help our clients achieve their desired goals and business objectives. In return, you can expect to learn leading practices in technology transformation, delivery and gain exposure to solving a variety of complex business challenges using digital and transformational tools, methods and technologies. You will gain exposure in all areas of the insurance value chain including, but not limited to: product development, sales/distribution, new business/underwriting, policy administration, and claims. 

Your Key Responsibilities 

• Manage large, multi-phase projects, and manage client expectations, build the project team, and manage scope, risk, budget, and timeline activities
• Provide high-level business and technology assessments, planning, recommendations, and project management with a focus on developing and achieving client goals and objectives
• Identify key client issues, determine client needs utilizing standard assessment techniques and tools, use innovative approaches to evaluate and validate needs, analyze, and develop recommendations for the client in the context of the engagement
• Present industry and client key findings to leadership
• Implement and oversee the quality of deliverables and effectively manage the team and day-to-day relationships to ensure exceptional performance
• Lead business development and presentation of proposal activities
• Lead team engagement activities with a focus on developing team talent and building culture of collaboration, client servicing and excellence
• Provide project status reporting, metrics, billing, and client progress reports
• Commit to developing a strong personal brand by staying informed regarding economic/market developments and their impact on the firm’s clients
• Ensure engagements are clearly documented

To qualify for this role you must have 

• Bachelor’s degree in Computer Science, Management Information Systems, Engineering, Business, Economics, or related disciplines
• Minimum of 7 years of consulting and/or industry experience in life insurance, annuities, retirement or group benefits
• Strong oral and written communication skills including executive, C-suite presentation skills
• Experience assessing and improving business processes, systems, and associated technologies
• Understanding of Insurance and Annuities products and the insurance operations processing lifecycle
• Experience documenting business processes related to insurance operations
• Experience with one or more of the following business functions: product development, sales/distribution, new business, underwriting, post issue servicing policy administration, claims
• Experience supporting and leading business development activities (e.g. pursuits, proposals, presentations)
• Travel to client site as necessary

Ideally, you’ll also have 

• Advanced Master’s degree in Business, Finance, Economics, Computer Science, Management Information Systems, Engineering, or related disciplines
• Program/Project/Workstream management or Agile experience
• Experience leading implementation projects and presenting to C-suite executives

What we look for 

We’re interested in passionate leaders with strong vision and a desire to stay on top of trends in the life and annuity, group benefits, and retirement industries. If you have a genuine passion for helping businesses achieve the full potential of their life and annuity business, this role is for you. Something about being part of a winning and growing team, seeking opportunities for advancement, etc – lets add in some buzz words to attract top talent. Also something about leading top talent both onshore and offshore.

What we offer

We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The base salary range for this job in all geographic locations in the US is $127,100 to $233,000. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $152,500 to $264,800. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Join us in our team-led and leader-enabled hybrid model. Our expectation is for most people in external, client serving roles to work together in person 40-60% of the time over the course of an engagement, project or year. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY is an equal opportunity, affirmative action employer providing equal employment opportunities to applicants and employees without regard to race, color, religion, age, sex, sexual orientation, gender identity/expression, national origin, protected veteran status, disability status, or any other legally protected basis, including arrest and conviction records, in accordance with applicable law.

EY is committed to providing reasonable accommodation to qualified individuals with disabilities including veterans with disabilities. If you have a disability and either need assistance applying online or need to request an accommodation during any part of the application process, please call 1-800-EY-HELP3, select Option 2 for candidate related inquiries, then select Option 1 for candidate queries and finally select Option 2 for candidates with an inquiry which will route you to EY’s Talent Shared Services Team (TSS) or email the TSS at ssc.customersupport@ey.com

Read Full Description