Management Consultant – Life & Pensions

JobsCloseBy Editorial Insights

Capco is seeking a Management Consultant with Life & Pensions expertise to join its Insurance practice in London on a hybrid basis, delivering transformation from strategy to execution across regulatory change. The role blends Business Analysis with project leadership, shaping problem statements, defining requirements, designing operating models, and guiding delivery through the lifecycle including regulatory implementations and digital modernisation. Applicants should have Life & Pensions experience, be comfortable in Agile or hybrid environments, and excel at stakeholder communication. Bonus points for IFRS17 and Solvency II. To apply, tailor your CV to show measurable outcomes and TOM design, and include a note on collaboration and impact.

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.