Management Consultant – Life & Pensions
Location: London (Hybrid) | Practice Area: Insurance | Type: Permanent
Deliver end-to-end transformation across Life & Pensions, from strategy and analysis through to execution.
The Role
Capco is seeking a Management Consultant with strong Life & Pensions expertise to join our Insurance practice. This role combines both Business Analysis and Project/Programme Management capabilities, supporting clients across strategic, regulatory, operational, and technology transformation initiatives.
You will work across the full change lifecycle — shaping problem statements, defining requirements, designing target operating models, and leading delivery. From regulatory implementation to digital modernisation and core platform change, you will help Life & Pensions providers navigate complexity while delivering measurable outcomes.
What You’ll Do
- Lead and support end-to-end transformation initiatives across Life & Pensions, spanning strategy, analysis, and delivery
- Define business requirements, facilitate workshops, and translate regulatory or strategic drivers into structured change artefacts
- Manage project plans, governance forums, RAID processes, budgets, and stakeholder communications
- Support implementation activities including testing strategy, UAT coordination, and benefits realisation tracking
- Partner with business and technology teams to align operating model design, process change, and system implementation
What We’re Looking For
- Experience delivering change within Life & Pensions, either in consulting or industry roles
- Strong Business Analysis capability (requirements gathering, process mapping, TOM design) combined with delivery or project leadership experience
- Demonstrable success supporting regulatory, operational, or technology transformation programmes
- Experience working in Agile, Waterfall, or hybrid delivery environments
- Strong communication and stakeholder engagement skills across business and technical audiences
Bonus Points For
- Experience supporting regulatory initiatives such as IFRS17, Consumer Duty, Solvency II, or similar
- Familiarity with policy administration systems, claims platforms, or digital distribution in Life & Pensions
- Experience delivering front-to-back operating model or legacy modernisation programmes
- Exposure to data transformation, automation, or customer experience initiatives
- Professional certifications such as PRINCE2, PMP, BCS BA, or equivalent
Why Join Capco
- Deliver high-impact business and technology solutions for leading insurers
- Work in a collaborative, flat, and entrepreneurial consulting culture
- Access continuous learning, training, and industry certifications
- Be part of a team shaping the future of Life & Pensions transformation
- Help drive digital innovation across Insurance and wider financial services markets
We offer a competitive, people-first benefits package designed to support every aspect of your life:
- Core Benefits: Discretionary bonus, competitive pension, health insurance, life insurance and critical illness cover
- Mental Health: Easy access to CareFirst, Unmind, Aviva consultations, and in-house first aiders
- Family-Friendly: Maternity, adoption, shared parental leave, plus paid leave for sickness, pregnancy loss, fertility treatment, menopause, and bereavement
- Family Care: 8 complimentary backup care sessions for emergency childcare or elder care
- Holiday Flexibility: 5 weeks of annual leave with the option to buy or sell holiday days based on your needs
- Continuous Learning: Minimum 40 Hours of Training Annually – workshops, certifications, e-learning – your growth, your way. Business Coach assigned from Day One for one-to-one guidance
- Healthcare Access: Convenient online GP services
- Extra Perks: Gympass (Wellhub), travel insurance, Tastecard, season ticket loans, Cycle to Work, and dental insurance
Inclusion at Capco
We’re committed to a barrier-free, inclusive recruitment process. If you need any adjustments at any stage, just let us know – we’ll be happy to help. We welcome applicants from all backgrounds. At Capco, we value the difference you make, and the differences that make you. Our #BeYourselfAtWork culture champions diversity, equity and inclusivity, and we bring a collaborative mindset to our partnerships with clients and colleagues. #BeYourselfAtWork is the cornerstone of our success and a value that our employees live and breathe every day.
Skills Required
- Experience delivering change within Life & Pensions (consulting or industry)
- Strong business analysis capability: requirements gathering, process mapping, TOM design
- Delivery or project leadership experience (project plans, governance, RAID, budgets)
- Experience supporting regulatory, operational, or technology transformation programmes
- Experience working in Agile, Waterfall, or hybrid delivery environments
- Strong communication and stakeholder engagement skills across business and technical audiences
- Experience supporting regulatory initiatives such as IFRS17, Consumer Duty, Solvency II
- Familiarity with policy administration systems, claims platforms, or digital distribution in Life & Pensions
- Experience delivering front-to-back operating model or legacy modernisation programmes
- Exposure to data transformation, automation, or customer experience initiatives
- Professional certifications such as PRINCE2, PMP, BCS BA, or equivalent
What the Team is Saying
Capco Compensation & Benefits Highlights
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Healthcare Strength — Health, dental, vision, EAP and fitness support are described as solid, reinforced by a global wellbeing program with mental‑health resources and financial‑wellness content.
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Leave & Time Off Breadth — Vacation & Paid Time Off and Sick Leave are characterized as strong, with flexible, hybrid working and family‑friendly policies also highlighted.
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Parental & Family Support — Parental leave is presented as a strong point alongside adoption, fertility and childcare benefits, with exact terms varying by country and role.
Capco Insights
What We Do
Capco, a Wipro company, is a global management and technology consultancy specializing in driving transformation in the energy and financial services industries. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. TRUSTED ADVISORS - Our collaborative and entrepreneurial approach position us as trusted long-term partners to our clients. DEEP EXPERTISE - Clients look to us for clear guidance, proven expertise, and the support they need to set their companies up for success. DISRUPTIVE SOLUTIONS- We do not provide off -the-shelf answers to clients’ challenges. Instead, we work in close collaboration to understand the issues, and craft disruptive, bespoke solutions. ACCOUNTABILITY AND OWNERSHIP - We recognize every client has distinct needs and expectations, and we take ownership and accountability for the solutions we design, build, and deliver.
Why Work With Us
We support and encourage an inclusive culture, entrepreneurial outlook and independent thinking. Capco is not about organizational charts and rigid hierarchies – we want all employees to feel that Capco is their firm to own and run. We believe diversity powers innovation. Be Yourself At Work (#BYAW) is an integral and underlying part of our culture
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Employees engage in a combination of remote and on-site work.
