About this role

Team Overview

The Insurance Solutions team is a global specialist, product agnostic investment strategy and structuring team which focuses on serving insurance clients through the entire BlackRock platform. The team is comprised of investment, insurance, risk and advisory specialists with diverse backgrounds from across asset management, insurance companies, investment banks and consultancy.

The team works with all client and investment teams at BlackRock to originate, design and implement investment strategies that are appropriate for insurers, using our expertise of insurance investment under regulatory, accounting and enterprise constraints.

Responsibilities

• Develop a thorough knowledge of BlackRock’s global investment platform, technology and other capabilities of relevance to insurance clients. Identify gaps in existing service provision and drive the development of new services to exploit emerging client needs

• Build and maintain strong relationships with senior internal partners across the global insurance business, distribution channels and investment teams. Work with these partners to design and deliver holistic solutions for insurers and generate strong commercial outcomes

• Directly, and in partnership with the sales channel, engage senior officers at insurance clients on their enterprise-wide priorities. Use your knowledge of insurers’ businesses to give clients confidence that BlackRock understands how to manage their assets under insurance constraints and to identify opportunities to deploy BlackRock technology and expertise in a manner that builds stronger commercial relationships

• Directly manage teams delivering advisory engagements, focused on asset allocation, risk management, ALM and platform intellectual property, that lead to the origination of commercial opportunities and deepen existing insurance client relationships

• Keep abreast of the implications of regulatory and accounting regimes such as Solvency II, Solvency UK and IFRS, for insurers’ investment needs. Provide internal portfolio management, product strategy and distribution teams with insurance focused regulatory and accounting expertise and guide them on the implications for investment strategy

• Support portfolio management, product strategy and distribution channels across the platform with insurance investment, regulatory, accounting and liability expertise to help position existing, or design new, investment management products and services appropriate for insurers

• Assist the platform with the production of insurance-focused research and thought leadership publications

Qualifications

Knowledge/Experience:

• Strong interpersonal and communication skills, including the ability to build relationships based on technical knowledge with clients and internal partner teams

• At least 10 years of insurance industry experience gained within an insurance company, asset manager, investment bank, consultancy or similar institution

• Significant and broad practical experience in the design and implementation of investment and ALM strategies utilised by insurers when managing assets invested to meet liabilities

• Strong knowledge of the business models of UK insurance companies and the regulatory and accounting constraints under which they operate. Familiarity with the business models of insurers across EMEA ex UK and the ways in which they deploy assets in their insurance business

• Detailed understanding of Solvency II and Solvency UK regulations, particularly the UK Matching Adjustment framework. Good understanding of IFRS 9 and continental European local accounting regimes and their implications for insurance companies’ investment strategies and asset allocation.

• Skills commensurate with holding an investment, risk management, actuarial or other technical role in a life assurance, reinsurance or banking environment would be advantageous

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.