New
Expert Project Leader, P&C Insurance
Boston Consulting Group
This is a Full-time position in Boston, MA posted March 20, 2023.
Who We Are
Practice Area Profile
BCG’s Insurance Practice serves four industry sectors: [1] Life insurance, [2] Property & Casualty, [3] Commercial & Reinsurance and [4] Health, as well as Insurance brokerage firms. The practice works on the full range of issues of concern to top management, from strategy to operating model redesign, [5] digital transformation, cost, process improvement, [6] risk management strategy, asset management, product development, customer focus, and sales force effectiveness. We have a strong global network and “on-the-ground” experience in all major markets. The Global Practice currently comprises over 200 senior staff and works in Europe, Middle East, the Americas, and Asia Pacific, with a total of 44 insurance active offices worldwide. Our client base is the world’s leading global and regional insurance and reinsurance companies and investment and wealth managers. The members of the Insurance Team combine relevant regulatory, technical and analytical know-how with the BCG core competencies: planning, steering and strategy for top management. We help companies identify and develop growth opportunities that reshape the future of the Insurance industry. We discover new avenues for value creation and provide process support during times of business transformation. All of our work is underpinned by the tracking of megatrends in the industry and the publication of thought leadership.
What You’ll Do
BCG is looking for an Expert Consultant or Expert Project Leader focused in Property & Casualty to join our Insurance team and work alongside some of the world’s top minds in the industry. You will play a critical role in the growth of our Property & Casualty topic through case execution, client development, and intellectual property and product creation. The insurance industry is entering a new era as changing consumer needs and expectations place new demands on existing players. You will create value for our clients with forward-thinking solutions that help them address the operational, technical, and financial implications of changes in their business environment.
- Contribute and drive leads and proposals together with the partners of the practice
- Lead development of proposals from end to end around specific topics
- Engage with the development of additional business beyond the delivery of recommendations on client engagements
- Develop the topic agenda, create respective content, and foster awareness of BCG’s competence
- Develop and contribute to BCG’s intellectual capital – work on BCG content projects to create new techniques and/or capture new ideas
- Build and maintain “fast packs” related to the P&C topic so there is an ever-available library of educational materials for internal and client usage
- Responsible for supporting the insurance sector in writing external reports, papers, social media contributions of its partners in concert with the INS practice’s marketing lead
- Identify conferences for BCG’s attendance and help coordinate our participation
- Responsible for overall methodology
- Work jointly with BCG and client project leaders, bring expertise to the team, both on issues specific to the industry and on questions asked by the client
- Support multiple case teams, co-lead modules, especially those in need for broad experience and hands-on approach
- Ensure the quality of the work, and the relevance of any synthesis and recommendations. Challenge work in progress, results, and re-orient any analyses if needed
Expert consultants are vital to BCG’s ability to successfully meet our clients’ demand for deep expertise and advanced technical capabilities. Our experts are driven by a passion to explore and innovate in their field. As part of our consulting cohort, they work alongside our generalist and specialty consultants to form “one BCG team,” capable of delivering deep strategy and technical expertise. Experts come from diverse backgrounds, with expertise usually gained outside of BCG in either industry, government, academia, or specialized consulting.
What You’ll Bring (Experience & Qualifications)
- A minimum of 5 years’ experience overall, with significant consulting experience driving P&C transformation, with a focus on claims management operations, preferably in an international/multicultural environment, including:
- Strong knowledge of Properties & Casualties (P&C) claims management
- Experience in interfacing data and business agendas in designing a claims management new organization
- Experience in leading large platforms, delivery centers or supervised (digital) transformations is a must
- Strong leader, with clear evidence of people leadership and an ability to change organizations
- Successful track record in interacting and in building lasting relationships at the highest levels in large and global insurance players
- Can drive enterprise-wide vision and tactical decisions for our clients during the implementation of large-scale digital transformation programs
- Developed solid problem-solving capabilities, analytical and structured and able to interface with consultant teams
- Strong academics; advanced degree preferred
- Team oriented mind-set and strong interpersonal communication skills
- Excellent verbal and written communication skills in English
YOU’LL BE BASED IN:
We will consider candidates for our Boston, Chicago, New Jersey, New York, Philadelphia or Washington, D.C. offices.
YOU’LL BE TRAVELING:
Travel is expected and will vary based on project needs.
VACCINE:
Candidates should be aware that BCG currently maintains a policy requiring all US & Canada based employees to be fully vaccinated against COVID-19. Newly hired employees must be fully vaccinated prior to their employment start date. BCG is an equal opportunity employer and will provide a reasonable accommodation to those unable to be vaccinated for medical or religious reasons where it is not an undue hardship to the company to do so as provided under applicable federal, state, provincial and local law.
FOR U.S. APPLICANTS:
Boston Consulting Group (“BCG”) is an Equal Opportunity/Affirmative Action employer. All qualified applicants will be considered for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.
The first year base compensation for this role is:
Consultant: $190,000 USD
Project Leader: $225,400 USD
In addition to your base salary, you will also be eligible for an annual discretionary performance bonus and BCG’s Profit Sharing and Retirement Fund (PSRF) contribution. BCG also provides a market leading benefits package described below.
At BCG, we are committed to offering a comprehensive benefit program that includes everything our employees and their families need to be well and live life to the fullest. We pay the full cost of medical, dental, and vision coverage for employees – and their eligible family members.* That’s zero dollars in premiums taken from employee paychecks. All our plans provide best in class coverage:
- Zero dollar ($0) health insurance premiums for BCG employees, spouses, and children
- Low $5 (USD) copays for trips to the doctor, urgent care visits and prescriptions for generic drugs
- Dental coverage, including up to $5,000 (USD) in orthodontia benefits
- Vision insurance with coverage for both glasses and contact lenses annually
- Reimbursement for gym memberships and other fitness activities
- Fully vested retirement contributions made annually, whether you contribute or not
- Generous paid time off including vacation, holidays, and annual office closure between Christmas and New Years
- Paid Parental Leave and other family benefits such as elective egg freezing, surrogacy, and adoption reimbursement
*Employees, spouses, and children are covered at no cost. Employees share in the cost of domestic partner coverage.
