Consultant - Insurance Consulting

Insurance Business/Management Consultant

Level – Consultant

Preferred Locations – NYC Metro Area (including NJ), Hartford CT, Boston MA, Philadelphia PA, Chicago IL, Des Moines IA.

Alpha is the leading global consultancy to the insurance, asset, and wealth management industry. We are a boutique management consulting firm that offers the world’s top insurers a competitive edge through our unrivaled expertise and industry insight. Our firm was founded in 2003 at its London headquarters, and its rapid expansion led to a successful IPO in October 2017. Alpha’s success as a public company then led to a purchase by private equity firm Bridgepoint in 2024. Alpha has grown to over 1050+ consultants globally, including an expeditiously growing team in North America. Alpha has offices in the US, Canada, Europe, and APAC.

We cover a broad range of industry segments, including property & casualty, life & annuity, health, brokers and re-insurers. Our business supports clients with strategy, management, and technology consulting across the value chain through multiple propositions including operations transformation, technology strategy, planning & transformation, distribution management, underwriting, service, finance, and claims. Successful career paths at Alpha allow you to work as a generalist who supports clients across these practices; or specialize and support clients within a specific practice area.

At Alpha, diversity, equity, and inclusion is critical to our success, and we are committed to employing individuals from all backgrounds to reflect the multi-faceted society we live in. We have worked hard to foster an environment that welcomes everyone and celebrates each other’s successes. We aspire for Alpha to not only feel like ‘a job’ – but a close-knit community and the place where you want to build a career.

Our people are at the heart of everything Alpha accomplishes, and we pride ourselves on working hard, delivering at the highest caliber, and achieving our objectives through collaboration. Among the benefits our vibrant firm offers, our focus on providing a supportive and social environment to employees lies at the core of our values. This includes firm-sponsored summer trips, comprehensive training and development programs, holiday parties, mentor / mentee events, peer-group activities, and regular socials at top local spots. Our community-oriented culture reflects fundamental values of Diversity, Equity & Inclusion as well as preeminent Corporate Social Responsibility.

What makes us different?

• Established yet entrepreneurial – We believe that Alpha is the perfect combination of a successfully established firm (founded in 2003, quoted on the AIM of the London Stock Exchange) whilst being entrepreneurial, dynamic, and growing. This means, your contributions are not only impactful and valued, but you also have the support of a top-tier organization with rapid growth and progression opportunities
• Work alongside the best in the industry – Working at Alpha gives you the opportunity to work alongside both the leading organizations in our industry, and also experts within the Alpha team. Learning directly from both will allow you to accelerate the development of your own expertise in the insurance space
• We invest in developing your talent – We run tailored training for all levels and support our talent with industry-leading qualifications including CPCU, PMP, CRM, ARM and more. To support ongoing learning and development, we also offer up to 5 days of paid training
• A true meritocracy – At Alpha, we don’t have any concept of ‘time at level’ or promotion quotas – which means that your potential is truly driven by your performance
• High responsibility and autonomy – Each member has a high level of responsibility and autonomy on every project, as well as exposure to senior team members (e.g. Directors) who continuously train and develop you
• You share in our success – We have a profit share scheme enabling everyone to share the firm’s success
• Culture and community – We pride ourselves on creating a supportive, nurturing environment where people can be themselves

Consultant Roles and Responsibilities

As a management Consultant, you will take a leading role in reshaping and redefining our industry, through projects in capability assessment and roadmapping, business process transformation, technology enablement, and others to transform functions within insurance organizations. You may be leading a workstream within a larger program; or helping to drive projects and produce deliverables for smaller projects alongside a small team of other Alpha resources. You will be responsible for identifying and implementing solutions for a range of issues facing insurance companies. Over the course of each project, you will collect and analyze data, prepare and test hypotheses, and present recommendations to the client to solve their unique business challenge. You’ll be paying a proactive, leadership role in driving our programs forward and engaging directly with senior client stakeholders to solve their business challenges.

As a Consultant, you will be responsible for:

• Understanding complex insurance issues and their potential impact on a client(s) business
• Engaging with stakeholders to drive & lead execution against effective project plans, anticipate potential issues, and provide structured solutions to ensure a successful client engagement
• Leading a workstream or component of a project, taking responsibility for the creation of client deliverables by facilitating client interviews and workshops, performing analysis in Excel, synthesizing clear insights from complex information, and developing content that clearly articulates recommendations
• Developing meaningful and successful relationships with clients and vendors by understanding the different needs of stakeholders and establishing a high degree of credibility internally and externally
• Supporting Alpha FMC’s broader business evolution, including co-authoring whitepapers, and performing market research to identify opportunities for Alpha
• Contributing to the wider Alpha community by making innovative and proactive contributions to one or more of Alpha’s business management or practice areas
• Maintaining a broad understanding of the challenges facing the Insurance Industry and knowledge of relevant issues and trends within one or more of Alpha’s practice areas

We want to hear from people with:

• Bachelor’s degree in Risk Management, Business Management, Business Analytics, Economics, Engineering, or related disciplines
• At least 1 year of proven consulting experience at a recognized consulting firm or through an ‘in-house’ consulting / business analyst role at a leading financial institution (individuals with 1-3 years many be considered for our Analyst program)
• Experience within financial services, preferably within the insurance industry
• Excellent consulting and problem-solving skills, and familiarity with recognized projectand consulting frameworks and business process mapping
• Excellent written and verbal communication skills; the ability to articulate complex problems and solutions in a simple, logical, and impactful manner; executive presentation skills
• Proven track record of building and sustaining lasting relationships with team members
• Appetite to support clients across our practice areas Intellectual capacity and ability to think in new, innovative ways to understand complex issues and develop creative solutions
• Ability to comfortably multi-task and engage in multiple initiatives concurrently
• Flexibility to travel if required

Compensation and Perks

As part of the Alpha team, you will be rewarded with the following:

• Competitive salary with annual profit-sharing opportunity
• 401k matching
• 25 days of annual paid time off
• Supplemented medical, dental and vision coverage
• Reimbursement for commuting, mobile phone, and home internet expenses
• Choice of laptop
• North America team-wide training and retreats
• Sponsorship towards professional certifications / training supported with 5 days of paid training time

If you’re ready to part of one of the fastest growing consulting organizations serving the insurance industry, submit your application today.

There are a wide range of factors that are considered in making compensation decisions including but not limited to - skill sets, experience and training, and licensure and certifications. A reasonable estimate of the range is $110,000 and $150,000 subject to change based on salary benchmarking. In addition to this salary, employees would be eligible for both variable and non-variable benefits.

Equal Employment Opportunity

Alpha is an equal opportunities employer and the Group’s policy is to ensure that all employees, or those seeking employment, are treated fairly. All decisions relating to recruitment, selection and promotion are made objectively regardless of race, ethnicity, nationality, gender, sexual orientation, religious belief, political opinion, age, or disability.