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Group Insurance Manager

Date: 23-Nov-2022

Location: Malvern, England, GB

Company: QinetiQ

Role Purpose:

To ensure that the Group Insurance programme is sufficiently broad and flexible to respond to the changing activities and risk exposures of the whole of the Group and is priced competitively. To provide senior executives with management information as and when required, and to ensure that the contractual exposures faced by the Group are matched by the protection provided by the insurance programme.

 

Key Accountabilities:

Business support

  • Advise commercial and procurement teams on all insurance matters, contract reviews, and assist these teams in negotiating with third party customers and suppliers
  • Advise the broader business on all insurance/risk related matters either face to face or through bulletins and the Global Portal
  • Co-ordinate risk management measures between the business and insurers, accompanying insurance risk engineers during site visits
  • Provide insurance advice on larger and "contentious" bids, and input into due diligence on acquisitions and disposals,
  • Act as a director on the board of the Guernsey based Captive insurer

 

Claims

  • Establish systems whereby losses are reported to insurers in a timely and efficient  manner
  • Manage all claims, liaising with insurers and  solicitors as appropriate
  • Periodic claim reviews with insurers

 

External relationships

  • Support negotiation with customers, in particularly the MoD around contractual requirements/changes
  • Constantly challenge insurer and broker performance, measuring against the agreed KPIs

 

Renewal

  • Ensure effective completion of the insurance renewal each year for the Group and effectively manage its total cost of risk (TCOR) in terms of premium and self-insured retentions.
  • Liaise with others within QinetiQ who are engaged in Risk Management
  • Collate the necessary underwriting information, proposals, and Group data to present to insurers each year
  • Ensure that documentation issued by insurers and brokers is appropriate and correct
  • Distribution of the insurance certificates throughout the business as required
  • Manage the payment of premiums, fees and claims within agreed timescales

 

Key Capabilities/Knowledge:

  • Robust knowledge of the workings of the commercial insurance market
  • Robust Knowledge of corporate obligations in relation to legal and contractual liabilities
  • A good communicator – Much of the role is in conveying to others :-
    • how insurance will/will not  respond to a given situation
    • what the Group actually does
    • the Group’s insurance requirements and priorities
  • Knowledge of Captives, International Programmes, and how to spot the potential for Alternative Risk finance solutions
  • Ability to work effectively either from home or the office in an agile manner as required

 

Experience/Qualifications:

  • Experienced in the commercial/corporate  insurance/reinsurance market either in the underwriting or broker environment or
  • Experience as an insurance or risk manager in industry
  • Relevant insurance industry professional qualification from the Chartered Insurance Institute
  • Knowledge of the workings and structure of multinational insurance programmes
  • Desirable – Knowledge of Crisis/Incident Management and Business Continuity

 

Please note that all applicants must be eligible for SC clearance as a minimum.

UKSV National Security Vetting Solution: guidance for applicants - GOV.UK (www.gov.uk)

Why join QinetiQ?

As we continue to grow into new markets around the world, there’s never been a more exciting time to join QinetiQ. The formula for success is our appetite for innovation and having the courage to take on a wide variety of complex challenges.

You’ll experience a unique working environment where teams from different backgrounds, disciplines and experience enjoy collaborating widely and openly as we undertake this exciting and rewarding journey. Through effective teamwork, and pulling together, you’ll get to experience what happens when we all share different perspectives, blend disciplines, and link technologies; constantly discovering new ways of solving complex problems in an diverse and inclusive environment where you can be authentic, feel valued and realise your full potential. Read more about our diverse and inclusive workplace culture here.  

Joining QinetiQ offers you an opportunity to work on a broad range of interesting defence-based projects with vast career progression across a global organisation in addition to competitive personal and professional benefits.  You’ll receive a highly competitive salary and benefits package: our basic salaries are very attractive as we constantly review what’s happening in the market. The range of benefits that we offer include, adaptive and flexible working, generous holiday entitlements, Health Cash Plan, Private Medical Insurance and Dental Insurance and much more. 

About QinetiQ

As a company of over 6,000 dedicated professionals, we are a world-centre of excellence in research and development and act as a catalyst for fast-track innovation, offering outstanding experimentation facilities, and technical, engineering and scientific expertise. QinetiQ is made up of dedicated experts in defence, aerospace, security and related markets, all working together to explore new ways of protecting what matters most. Being part of QinetiQ means being central to the safety and security of the world around us. Partnering with our customers, we help to save lives; reduce risks to society; and maintain the global infrastructure on which we all depend. Come and find out how you can play a role.

Please note that many roles in QinetiQ are subject to national security vetting. Applicants that already hold the appropriate level of vetting may be able to transfer it upon appointment, subject to approval. A number of roles are also subject to restrictions on access to information that mean factors such as nationality, previous nationalities held and the country in which you were born may have an effect on the roles that you can be employed in.