EY Associate Partner - Pensions in United Kingdom
Associate Partner - Pensions
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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