UK Insurance Consulting - Senior Consultants / Managers

Company Description

Wavestone is a leading global transformation consulting firm known for navigating critical challenges and driving sustainable growth. We aim to deliver lasting change that positively impacts customers, communities, and society. Our journey is defined by a true team spirit, where support, encouragement, and motivation are the keystones of our collaborative environment. 

Drawing on more than 5,500 employees across Europe, North America, and Asia, we seamlessly combine first-class sector expertise with a 360° transformation portfolio of high-value consulting services. 

With our 360° portfolio of high-value consulting services, we seamlessly combine first-class sector expertise with a wide range of cross-industry capabilities. Our clients value us as an independent, critical voice with an outstanding track record and profound technological expertise. During strategic transformations, they place their trust in our consultants to reflect, analyse, and act at their side. That’s how we make change happen. 

Wavestone UK now boasts a team of 300 employees, with ambitions to rapidly grow in the coming years. Our services span, business and digital transformation, cybersecurity, operational improvement, risk advisory, and IT advisory. We exist to provide end-to-end expert advice to clients across industries, with a particular focus on Insurance, Financial Services and Life Sciences helping them to positively transform to become modern, innovative organizations that thrive in a sustainable way. 

Our commitment to excellence and our people is underscored by recognition we have received in the UK’s Great Place to Work accreditation process. In 2024 we are proud to have been recognised in the following Best Workplaces categories; Large organisations, Wellbeing, Development and a Best Workplace for Women.

Recognised by the Financial Times as one of the UK’s Leading Management Consultants 2024, Wavestone UK is motivated and energised team with a collective sense of purpose.

Dedicated to diversity and inclusivity, Wavestone fosters a collaborative and dynamic work environment. Our core values - energetic, responsible and together - shape the foundation of our corporate culture. 

Join us for a rewarding career in management consulting, offering competitive compensation, continuous learning, and ample opportunities for professional growth. 

For more information, visit www.wavestone.com and become part of our journey to shape a positive and impactful future.

Job Description

Wavestone UK are seeking to hire Senior Consultants & Managers – Insurance UK Consulting

Over the years, we have established ourselves as a strong partner in the UK insurance sector. We remain dedicated to continually enhancing our service portfolio to help our customers navigate future challenges and seize new opportunities in challenging environments. Becoming part of the UK team will present new opportunities for you to make a positive impact as we embark on serving our existing customer portfolio, both here in the UK and internationally, and attracting new Insurance clients. We currently advise 13 of the largest 15 European Insurers and 4 of the top 5 reinsurers.
This will mean working with our key clients on a wide range of advisory projects, bringing deep business and technology expertise to help address opportunities and challenges across their organisations.

Your role as a Senior Consultant or Manager means being a key player in the development of the UK practice in terms of:

• Industry Expertise and Experience: Demonstrate a proven track record in delivering insurance transformation projects across the value chain, leveraging technology to drive operational efficiency and competitive advantage.
  
• Business Development: Participate in the business development activity of the office which will include full lifecycle from pre-sales support, identification of core insurance opportunities & scope the delivery phase of engagements.
  
• Client Relationship Management: Build and maintain strong relationships with key clients and stakeholders in the technology and insurance sector.
  
• People Development – Support the development of the UK team, leading, mentoring, and coaching junior consultants on both client engagements, and internally.
  
• Internal Development – Contribute to various internal activities (career development, thought leadership, recruitment, etc.)

Qualifications

To be considered for this role:

• Solid foundations in consulting skills in external client-facing consulting or equivalent role (Insurance transformation, management, or Advisory focused).
  
• Excellent interpersonal skills at all levels of an organisation, experience in managing and leading teams, developing and coaching junior members of staff based on your profile and background.
  
• Proven background supporting strategic transformation programmes and strong acumen enhancing advisory credibility.
  
• Skills to create and deliver meaningful presentations with an impact and produce high quality reports. 
  
• Comprehensive knowledge of one or more of the following insurance key topics:

• Core System Transformation: Expertise in the introduction or migration of core insurance systems, including integration with industry platforms.
• Architecture Design: Proficiency in designing future-proof, functional, and technical architectures for core insurance applications.
• Business Process Analysis: Analysing and optimising core insurance processes (e.g., policy administration, claims, and underwriting) to drive operational efficiency.
• Systems Migration & Integration: Experience in managing migration projects, ensuring seamless transitions from legacy systems to modern platforms.
• Digital Transformation in Insurance: Supporting clients in digitising their core business, focusing on process automation and the adoption of modern technology solutions
• Data Analytics: Expertise in leveraging data for underwriting, claims prediction, fraud detection, and pricing models.
• Regulatory Compliance: Familiarity with insurance regulations such as GDPR, Solvency II, and IFRS 17.

Additional Information

Our commitment: Wavestone values and Positive Way

• Elevate client satisfaction by impacting high-growth business across US, UK, and Europe. Shape culture, enhance value propositions, and foster business development.
• Nurture employee growth with Wavestone horizon career path, competitive compensation, transparent salary policy, tailored training, and internal mobility.
• Embrace a collective mindset within a barrier-free, collaborative team. Engage in vibrant people culture through regular events, meetings, and committees.
• Experience ethical responsibility with flexible work options, strong CSR commitment, and a culture promoting work-life balance and time-off.

Benefits 

• Competitive salary and bonus scheme

• Income protection insurance, 5% company pension, private health and dental cover, life insurance, company share scheme 

• Additional flexible benefits you can select from such as additional holidays, additional pension contributions, subsidized gym, subscriptions to wellbeing apps, Netflix, retail vouchers 

• 25 days annual leave

Travel and Location 

• Employees are not required to work in a Wavestone office on a full-time basis but are required to commute to the office /client site, whenever necessary. Wavestone UK office is in the heart of the city of London.

• Note: Mandatory 2-3 days per week in Wavestone office / client site during probation

Diversity and Inclusion 

At Wavestone, we celebrate diversity and inclusion. We have a strong global CSR agenda and an active Diversity & Inclusion committee with Gender Equality, LGBTQ+, Disability Inclusion, Social Mobility and Anti-Racism networks.

If you need flexibility, assistance, or an adjustment to our recruitment process due to a disability or impairment, please reach out to us to discuss this.