Insurance Performance & Cost Improvement Senior Manager

Our Deloitte Strategy & Transactions team helps guide clients through their most critical moments and transformational initiatives. We offer comprehensive end-to-end support and advisory services, covering areas such as valuation modeling, cost optimization, restructuring, business design and transformation, infrastructure and real estate, mergers and acquisitions (M&A), and sustainability. The team works closely with clients at every stage of their journey, helping them navigate challenges, avoid financial pitfalls, and implement practical solutions before, during, and after major transformational projects or transactions creating lasting impact.

Deloitte's Insurance Performance & Cost Improvement (P&CI) practitioners sit within the Performance Improvement & Restructuring offering, within our broader Strategy & Transactions practice. The group consists of experts who lead and aid insurance organizations on rapidly improving their profitability, cash flow, and operating performance. If this is your focus, apply for this Senior Manager role today!

Recruiting for this role ends on 5/22/2026.

Work You'll Do

Senior Managers in P&CI work with clients helping free up the capital they need to move fast, thrive, and make change happen for their organization. They focus on cost takeout, productivity improvement, and operating model changes. Additionally, Senior Managers in P&CI:

• Advise clients on the complex issues surrounding critical financial and economic events, and high-profile transactions
• Run cost transformation programs for clients
• Identify opportunities for efficiencies in process and innovative approaches to completing scope of work
• Plan and lead interviews with clients to understand complex financial and operational situations
• Lead and own project work streams, including overseeing and reviewing the day-to-day work of junior staff with oversight from project leadership
• Create client-ready deliverables and presenting to clients
• Build strong relationships with clients and identify areas to expand their business
• Participate in market-building activities, including preparation of proposal materials
• Assist with the building of internal tools and templates
• Understand and teach junior staff of the key operational performance drivers of a business
• Extract useful information from data
• Manage multiple work streams and train junior staff
• Use critical thinking skills to provide alternative solutions to complex issues
• Ability to assume full responsibility for quality control and accuracy of client deliverables

The Team
Our Performance Improvement & Restructuring (PI&R) practice develops and leads enterprise-level Board and C-suite agendas for clients across the performance spectrum-healthy, underperforming, and distressed-to enhance margins, address financial challenges, and optimize cash flow in support of critical transformation initiatives.

Deloitte's leaders in P&CI are helping our clients drive change through reducing costs - which is the key to margin improvement today. The team has access to more than 21,000 global M&A specialists servicing corporate and private equity clients in more than 150 countries, which allows them to deliver game-changing services. They are doing this by accelerating technological investment and targeting cost-reduction efforts. As part of the PI&R offering, P&CI focuses on rapidly addressing financial pressures and stabilizing our client's business performance, providing measurable results quickly. Their services include business simplification, dramatically reducing dealer-to-delivery friction, legal entity rationalization, working capital and liquidity, post-M&A transformation (synergy planning and capture), margin improvement and cost reduction, operating model transformation, business model transformation, artificial intelligence and analytics, and global tax restructuring.

Deloitte's Financial Services industry business delivers a robust suite of integrated solutions designed to address the multifaceted operational, technological, regulatory, and risk management needs of financial institutions. Our team works across all sectors of the industry-including banking, capital markets, investment management, insurance, and real estate-to help our clients solve complex business challenges and adapt to a rapidly evolving marketplace. Deloitte's unique strength lies in our deep industry experience and capability to align comprehensive resources across Audit & Assurance, Tax, and Consultative Offerings-supporting clients to drives strategic transformation and sustainable growth. Specifically, our insurance team collaborates with practitioners across Deloitte's different service offerings to deliver advice to formulate business strategy and strategic plans to leading insurance organizations and to implement solutions to execute on those plans and aid our clients in navigating complex engagements and organizational change.

Qualifications
Required:

• 8+ years of experience in management consulting in operations improvement, transformation, M&A integration, or business process reengineering around global cost reduction or development of global growth strategies
• 8+ years of experience in financial analysis and working with data inputs from multiple sources, to understand value creation opportunities
• 8+ years of experience in M&A or M&A service delivery experience, or other M&A-related experiences including planning and implementing integration and separation projects as the result of M&A activity, working with clients on Day One readiness and execution proficiency and executing synergy targeting and realization
• 8+ years of experience conducting operating model fine-tuning and organizational design
• 8+ years of experience developing models using Microsoft Excel, PowerPoint, Access, Visual Basic, or other tools (Tableau)
• 6+ years of experience in the Financial Services / Insurance sector
• Bachelor's degree and 8+ years consulting and/or industry experience
• Ability to travel up to 50%, on average, based on the work you do and the clients and industries/sectors you serve
• Limited immigration sponsorship may be available

Preferred:

• 8+ years experience working in a professional services / consulting firm
• Strong oral and written communication skills, including presentation skills (MS Visio, MS PowerPoint)
• Strong analysis skills (Excel required with other analytics capabilities preferred)
• Ability to work independently and manage multiple task assignments in a collaborative environment
• Strong problem solving and troubleshooting skills with the ability to exercise mature judgment
• Eagerness to mentor junior staff
• An advanced degree

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $175,300 to $322,900.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.