Director Of Insurance

City of London
£1 per annum
21 Sep 2016
19 Oct 2016
Goodman Masson
Employer Sector
Technology, ICT & Telecoms
Contract Type
Full Time
0-25% Travel
My client, a market leader within the media sector, has current acquired a number of new businesses under its parents company. As a result the need for an insurance risk Director has arisen.
The role will report directly into the Finance Director who he himself is Big trained with a number of year's experience working for FTSE100 firms and leading successful finance teams.
He is looking for someone to come on board to complement his skill set and identify risks and controls associated with the various insurance policies taken on by the different businesses.
It is critical with this role that the individual understands how a global company works and the key risks that the business could face. It is also essential to have experience in operating on a global scale within the insurance side of the business.
Below are a list of some of the main points of this role are:

*Evaluation of the company's overall insurance strategy
*Review all risks including emerging uninsured risks and develop risk management strategy (insurance, deductibles, aggregates, limits)
*Define optimum risk financing solution by risk (risk retained at OpCo, risk transferred to group captive, risk transferred to insurance market)
*Determine roles of captive insurance companies in context of their European and Latin American businesses
*Develop understanding of insurance strategy of relevant peers and benchmark their strategy and performance

Insurance Portfolio Management

*Manage their insurance portfolio
*Prepare and negotiate annual renewals for all insurance policies, including gathering and analysing exposure data and data relating to self-insured element of programme
*Negotiate and recommend the most cost-effective options based on appropriate limit, retention, and terms and conditions
*Develop appropriate mechanisms for identification of new and/or developing risks and deliver Risk Management solutions as required by the business
*Develop premium allocation model across the group per line of risk
*Oversee invoicing process
*Analyse policy terms and conditions for required and enhanced coverage opportunities

Relationship Management and Other

*Maintain and leverage strategic supplier relationships (brokers, insurers, reinsurers and related service providers)
*Communicate insurance and risk management philosophy to worldwide operating businesses, including self-insurance structure & use of Captive
*Serve as subject matter expert for insurance-related issues with key stakeholders
*Lead insurance M&A due diligence where requested
*Support other contract negotiations with insurance requirements
*Stay abreast of developments in the insurance industry including insurers, coverage's, and pricing trends

Knowledge & Experience

*Bachelor or Master's Degree
*Relevant industry and functional experience
*Experience in senior management roles
*Experience of managing risk activities and a thorough understanding of risk management and corporate finance
*Experience of successfully driving change and developing organisational structures and delivery
*Prior role as Insurance Director or senior Enterprise Risk Management role for multinational corporate is preferred