LON Restructuring Manager

Zurich Insurance
Covent Garden
10 Feb 2018
15 Feb 2018
Contract Type
Full Time
Location: Mark Lane, London

The opportunity:

Zurich Legacy Solutions (ZLS) is a trusted business Partner for delivering run-off and exit solutions for Zurich Insurance Group’s legacy businesses and under-performing non-core portfolios. ZLS is positioned to support the delivery of Group’s strategy of Managing non-core businesses for value and exiting underperforming businesses.

The role is to act as transaction lead on small to medium portfolios and provide programme support to the transaction lead on larger portfolios, and which would encompass identification and execution of exit strategies which maximize shareholder growth, achieves finality and recycles capital back to ZIG to invest in its core business. The role also involves ensuring that the business operates efficiently and that services levels are maintained while the portfolio is prepared for exit.

The ideal candidate is a person with a finance/business/accounting degree and experience in the insurance/reinsurance industry M&A setting. Such person would have a good knowledge of insurance accounting and would ideally have experience working on either the sale or acquisition of insurance/reinsurance companies (“M&A” transactions) on an international basis.

Key Responsibilities:

Key Accountabilities
  • Supports the development of business cases for diverse acquisitions/divestments under the guidance of Chief Restructuring Officer
  • Contributes defined modules towards complex analytical tasks in appraising the value of General Insurance and Life insurance companies.
  • Management the engagement of internal resources, external advisors, local representatives, internal stakeholders and third parties during any transaction process
  • Conducts analysis (due diligence) and evaluation of business cases with the provision of technical information.
  • Prepares presentations and other project documentation for Mergers & Acquisitions transactions under the supervision and guidance of the project manager to facilitate an informed decision making process at the relevant committees.
Business Accountabilities
  • Lead and manage resources on small to medium scale projects or ensures appropriate use of materials on more complex local or global projects and adherence to schedules by innovating and contributing to overcoming bottlenecks in deal structuring, event planning or process alignment projects.
  • Provide advisory services to colleagues on a daily basis, by being focal point of contact, to ensure adherence to the company´s risk and compliance processes and identifies potential risks by monitoring changes in the external environment.
  • Research primary finance data sources, select relevant information, analyze key themes and trends, oversee high-quality controls around collection of the data and make recommendations to support operational decision-making.
  • Prepare, analyse and comment on complex financial and other quantitative information to support management decision-making in an assigned area of the business.
  • Own the process or sub-process within the area or discipline and lead the continual development and enhancement of it through research of best practice and review and analyze detailed business models to support senior management with optimization.
  • Act as the liaison between the area of responsibility and internal/external customer on complex cases and anticipate/evaluate each of their unique needs and apply technical techniques and know-how to recommend a solution.
  • Provide quality financial information and procedural advice to senior management to support business planning and investment decisions which contribute to business performance.
  • Develop business with existing customers by recognizing and initiating opportunities and develop internal relationships in order to understand business needs to deliver results.
Your skills and experience:
  • Essential: Finance, Business, Accounting, Actuarial or similar degree
  • Essential: A relevant professional qualification or progress towards such a professional qualification.
  • Very desirable: Minimum 3 years’ experience in finance with emphasis on insurance accounting & finance.
  • Very desirable: Minimum 3 years Project management experience in a Corporate M&A environment
  • Helpful: Experience in Insurance M&A transactions including divestitures.
  • Helpful: Language skills
  • Insurance Finance & Accounting with emphasis on accounting and finance needed for M&A and reinsurance transactions.
  • Proficiency in Microsoft Word, Excel and PowerPoint; in particular experience in preparing Powerpoint presentations to a high standard is very desirable.

The Reward:

In return we are offering an attractive salary plus a generous benefits package including bonus and defined contribution pension scheme. We are committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities.

Who we are:

Looking for a career that will excite, challenge and inspire you? Thinking about insurance? Perhaps you should. Working for us is a totally different experience to what you probably expect. How do you feel about the things you truly love? Don’t you want to protect them in the best way possible? Imagine if you could help people do this all over the world. You’d give them confidence and reassurance by protecting what they love most. This is no easy task. In today’s interconnected world, tackling risk is fast, unpredictable and invigorating. You’ll have to think on your feet as you manage risks big and small, from flooding to cyber crime. You’ll be tackling issues like these in over 170 countries. It’s a big challenge, but you’ll have a truly diverse network helping you. As part of an international team, every day would provide opportunities to learn, grow and share ideas.

As you make an impact across borders, you’ll feel the support of being part of a strong and stable company. A long-standing player in the insurance industry, we make every effort to address the career development needs and plans of our employees to ensure their success in the future.

Further information:

At Zurich, we aim to have a diverse mix of employees that reflects our customers and the communities in which we live and work. Our diversity and inclusion initiatives are shaping an environment where everyone feels welcome, regardless of age, gender, religion, ability, culture, sexual orientation or mental health status. Our approach ensures that Zurich is a place that values different opinions, respects personal needs, and provides equal opportunities for all. We're also happy to consider flexible working arrangements and welcome applications from everyone.

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.
This job was originally posted as www.totaljobs.com/job/79968940

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