Management Consultant – Life & Pensions

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.