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Financial Services Industry - Insurance, Manager

Location: New York, NY, United States
Date Posted: Feb 15, 2024

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Alvarez & Marsal is seeking to expand its insurance team in the U.S. with a Manager to be focused on serving the insurance and private equity marketplace. The Insurance practice is part of the A&M Financial Services (FSI) practice. We provide performance improvement services focused on finance, strategy and operations consulting for insurance companies, brokers, intermediaries, and private equity firms.


Our insurance practice operates with highly experienced teams who are accustomed to solving complex problems and delivering rapid results. Unlike other advisors, A&M brings the proven capability and experience to develop and implement solutions in support of business transformations. Our insurance professionals provide the following services:

  • Strategy: Formulate strategy, design target operating models, de-risk execution
  • Transformation: Design and implement large scale complex transformation programs that generate sustainable outcomes
  • Value creation: Identify financially impactful strategies to increase enterprise value through optimization of product, process, organization, and technology.
  • Transaction support: Provide an integrated approach that focuses on key value drivers for sponsors in the areas of:
    • Due diligence
    • 100-day plans
    • Merger Integration
    • Carve-out / Divesture
    • Stand-up Operations

This candidate will have consulting experience in the insurance industry and will specialize in transactional support and strategic process improvement. If you have a passion for tackling complex, heart of the business issues, A&M will provide a challenging environment in which to apply and grow your skills. The candidate will provide technical project management, business process redesign, analytical support, and strategic services in a C-suite advisory / consulting environment.  


  • Manage projects and client engagements that focus on large-scale complex transformations
  • Assist clients by analyzing corporate challenges, driving cost reductions, revenue growth and profitability improvement
  • Assist clients to develop and deploy target operating model plans including strategy development, business functions analyses, change management, and program execution
  • Support transformation projects including risks, issue analysis and business case development, process redesign, technical and functional requirements design assistance, user experience enhancement, and program and change management
  • Develop complex business improvement plans and lead all projects independently
  • Deliver on private equity focused initiatives (interim management, strategic planning, capital management, business transformation, performance improvement)
  • Develop financial analyses, scenarios to determine key business drivers that will have the most impact on business performance
  • Proactively manage client’s expectations, anticipate project risks, obstacles, and develop contingency plans
  • Assign appropriate resources, remove barriers, and monitor project outcomes
  • Identify and pursue opportunities in the market and lead team to deliver required services on project engagements
  • Collaborate with IRAS leadership and support business development activities
  • Contribute to sales pursuits by generating new client business and/or adding on business from current client
  • Manage and develop client relationships for long term opportunities.


  • Experienced in the insurance performance improvement area, bringing to bear their skills and experience to create measurable, improved outcomes for our clients
  • Extensive insurance experience (3-10 years) as a consultant to the insurance industry
  • Industry experience with (Re)insurance, brokerage, Property & Casualty, or Life & Annuities
  • Track record of success working on complex performance improvement projects
  • Emphasis on core Insurance operations (claims / policy management / underwriting) and performance / process improvement
  • Experience in process modeling, target operating models, and leading transformation change
  • Deep analytical skills
  • Excellent interpersonal and communication skills including the ability to articulate to senior members of target management, client representatives and colleagues
  • Strong project management skills
  • Flexibility to work as both a team member in a collaborative setting and as an individual contributor
  • Ability to thrive and be effective in fast-paced settings
  • Self-motivated and effective in a fast-paced culture
  • Ability and willingness to travel
  • High proficiency in Excel and PowerPoint
  • Bachelor’s Degree in Insurance, Business Administration, or other relevant degree

The salary range for Manager is $125,000-$190,000 annually dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance.  Please ask your recruiter for details.


Diversity & Inclusion

A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

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