EY Jobs

Associate Partner - Pensions

Consulting

Requisition # UNI00GUV

Post Date Jan 11, 2021

Pensions Advisory Senior Hire – Pension Insurance and Consolidation

As part of the continued growth of the Pension Advisory business, EY is looking hire a senior individual from a leading consultancy firm or life insurer. The role will be to lead and develop sales from providing pension insurance and consolidation solutions to trustee and corporate clients.

EY is already a leader in the insurance advisory market and has a strong pension advisory team but wishes to recruit a leader in the pension insurance space to fully capitalise on the market opportunity. The successful candidate will already be seen as a leader in the UK pension insurance field and have a high level of trustee credibility and market awareness. Areas of focus will include:

• Advice in connection with insurance buy-in, buy-out and longevity transactions

• Advice on pricing, collateral, counterparties and insurer solvency levels

• Guidance on the selection of insurers to meet trustees risk objectives

• Advice on funding and risk implications of insurance transactions

• Advice on IFRS balance sheet and P&L impacts of insurance transactions

• Research and analysis of UK insurance company solutions and operating model

• Readiness of portfolios to transition to an insurance vehicle

• Research of and guidance on the development of the consolidator market

• Presentation at industry seminars and writing thought leadership including surveys

The individual will play a key role in designing and executing EY’s strategy for the Pension Insurance and Consolidation sector with a significant focus on growing revenue, solution build, brand leverage and stakeholder relationship management.

Our internal network of industry sectors such as Insurance, Life & Pensions and Banking & Capital Markets, combined with a number of service lines, creates a rich network off which to leverage meaningful interactions, and the successful candidate will be expected to support, interact and grow this network.

• We would expect the candidate to have built businesses in the past and have the requisite business development and delivery competency to penetrate the market and leverage the opportunity.

• It will be essential that the candidate has the following experience:

• Strong and relevant experience within the UK specialising in the bulk annuity and longevity environment with a background at a leading consulting firm or insurance company

• Excellent understating of the UK pensions market and seen visibly by trustees as a leader in the bulk annuity market, having sold and implemented a variety of insurance solutions for UK pension funds

• Ability to engage internally at Leadership level and externally at Board level, and build meaningful relationships through developing rapport, influencing and being impactful.

• Build, lead and motivate teams and individuals.

The individual will hold and FIA or FFA qualification.

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