Job Description

Who We Are

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation-inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.
To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures-and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

Practice Area

BCG's Insurance Practice serves four industry sectors: Life insurance, Property & Casualty, Commercial & Reinsurance and 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, digital transformation, cost, process improvement, 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

• Working with case / proposal teams by providing analysis to drive insights into specific client issues
• Getting staffed on cases and working from client-site or BCG office for a duration of couple of months
• Managing and processing industry focus analysis requests, and assisting consultants with industry specific problems
• Interacting with local teams and using an extensive collection of internal and external information resources to gather, filter, synthesize, package, and deliver insights to case teams and clients
• Carrying strong experience in assessing the financial performance of insurance companies, and strong business analytics capabilities
• Working on cases and content pieces with focus on Insurance space (on topics such as Products, Distribution, Sales force effectiveness, Regulations, Post Merger Integration- PMI, Digitization, Cost optimization, Insurtechs, Innovations etc.; guiding and providing inputs to client/team members leading to successful execution of strategy on the said topics.

What You'll Bring

• 2 - 3 years of consulting experience in relevant Insurance topics; candidates with consulting experience preferred
  In lieu of consulting experience, 4-6+ years of industry experience strongly preferred
• Master's degree or equivalent - preferably in business administration or business management with technology background.      
• Excellent analytical and conceptual rigor, along with strong written & verbal comm. skills
• Strong organization and prioritization skills, and ability to work under pressure in a fast-paced environment.
• Ability to work independently in absence of supervision and to exercise sound judgment.
• Team player with ability to work with different seniority levels from different regions.
• Strong work ethic & service-mentality.
• Experience working with third party databases / data sources, preferred

YOU'RE GOOD AT

• Establishing credibility with case teams by identifying and addressing critical knowledge for cases; taking positions/drawing conclusions on a range of external and internal issues; full case team integration can be possible up to 12-16 weeks in a year.
• Participating in client calls and workshops and eventually co-leading modules leveraging the proprietary data assets and deploying specific methodologies
• Providing customized knowledge for client work, preparing accurate and well-developed documents and charts
• Creating/supporting reports on new trends, new topics, regulations etc. highlighting overall impact on Insurance
• Identifying key performance indicators for players in Insurance ecosystem and analyze data to generate insights
• Supporting client proposals by compiling data and relevant information, providing research, topic input to the proposal team

• Working closely with the local BCG Insurance leadership to own and drive performance benchmarks for insurers and other stakeholders
• Collaborating & maintaining the development of new knowledge through participation in knowledge development projects, database, surveys, tools, etc.
• Promoting innovation at BCG by identifying knowledge capture opportunities - Developing best practice material on various insurance topics to be used by teams or shared with clients
• Contributing to build sector/topic/ teams and suggesting emerging topic/sectors based on client demand
• Developing additional proprietary knowledge for the Firm like creation of databases, supporting whitepapers and internal knowledge documents

Who You'll Work With

Additional info

The Knowledge Team (KT) is a group of functional and/or industry experts leveraging deep domain knowledge to enable insight for case teams and clients. KT members are affiliated to BCG Practice Areas, plugged into the strategic agenda and building and deploying leading edge IP data tools/assets to deliver insight.

BCG's Knowledge Team members have the opportunity to be staffed on cases and help co-create insights with case teams and clients through expert perspectives on industry trends, delivery of proprietary data or tools in a particular function and complex research and analysis of market information. KT members also support the PA's business development and proposals and help to organize and codify the knowledge that enables BCG to deliver superior business value for its clients.

Boston Consulting Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, sexual orientation, gender identity / expression, national origin, disability, protected veteran status, or any other characteristic protected under national, provincial, or local law, where applicable, and those with criminal histories will be considered in a manner consistent with applicable state and local laws.
BCG is an E - Verify Employer. Click here for more information on E-Verify.

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