Location: London
The opportunity:
Zurich Legacy Solutions (ZLS) is Zurich’s internal business unit responsible for the strategic management, run-off, and disposal of Zurich’s discontinued and under-performing non-core portfolios globally. ZLS has managed portfolios with exposures of 4bn USD, comprising global property, casualty, commercial, disability, life, property & banking exposures in North America, Europe, and Asia Pacific.
The primary role of the incumbent is to develop and implement the work out strategy for ZLS’s diverse portfolio, including providing regular updates and recommendations to Zurich’s senior committees, such as the Group CFO and the Group Balance Sheet Committee. The successful candidate will be practical, deeply experienced in various business and financial roles, commercially astute, and able to navigate complex environments.
What will you be doing?
Work with the Group Treasurer to set the strategic direction of ZLS
Lead and motivate the team across different geographical locations to achieve targets set within the strategic business plan
Provide management, direction, and leadership to the restructuring teams to ensure legacy contracts are settled advantageously
Manage the sell-side due diligence and M&A process on the disposal of run-off companies globally
Oversee finality-focused litigation
Analyze troubled portfolios and recommend strategies for ZLS
Coordinate capital extraction planning with internal/external actuaries, regulators, and the High Court
Act as an ambassador for ZLS within the Zurich Group and external run-off market
What are we looking for?
Qualified Accountant, Lawyer, or Actuary
Broad insurance industry experience (M&A / Run off experience an advantage)
Excellent knowledge of large corporate entities
Knowledge of General & Life Insurance
Understanding of legal and regulatory issues
Strong project and strategic management skills
High level of financial literacy
Understanding of financial products and risk management
Strong compliance and regulatory knowledge
Commitment to corporate values and personal development
Strong team player and stakeholder management skills
What will you get in return?
We offer a wide range of employee benefits, including a 12% defined non-contributory pension scheme, annual company bonus, private medical insurance, and flexible holiday options.
Who we are:
At Zurich, we aspire to be a responsible and impactful business and the best global insurer, with over 55,000 employees in more than 170 countries.
Our Culture:
We are passionate about diversity and inclusion and are committed to treating all applicants fairly and with respect.
So make a difference. Be challenged. Be inspired. Be supported. Love what you do. Work for us.
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