LON Restructuring Manager

11 Feb 2018
21 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 OfficerContributes 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 processConducts 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 AccountabilitiesLead 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 degreeEssential: 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 environmentHelpful: Experience in Insurance M&A transactions including divestitures.Helpfu...

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