About The Role
Team –
Sourcing
Working Pattern -
Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week.
We are happy to discuss flexible working!
Top 3 skills needed for this role:
- The ability to meet/exceed Stakeholder expectations
- Knowledge and Experience in Corporate Insurance
- Making suitable recommendations whilst minimising risk
What this role is all about:
As a Corporate Insurance Manager you will have responsibility for Group Insurance for the organisation, to ensure the right levels of cover are in place to protect Vitality. This includes the management of new policies, existing policies, and any associated claims.
Key Actions
Risk assessment and analysis:
- Identification and evaluation of potential risks to the company's assets, operations, and personnel, and evaluation of these in terms of impact and likelihood.
- Addressing these risks by ensuring that the appropriate risk management strategy is adopted to mitigate or transfer risks through insurance or other means.
Policy selection and management:
- Lead on the selection of the most appropriate insurance policies for Vitality's needs. You will conduct research, comparing insurance options from various providers, negotiating key policy terms conditions, and ensuring there is an appropriate level of coverage for the business.
- Maintain and manage the corporate insurance policy renewal cycle.
Compliance with insurance regulations:
- Ensure that Vitality's corporate insurance program meets all legal and disclosure requirements, through knowledge of insurance laws and regulations. You will have the chance to coordinate with the legal department for further support.
Claims handling and processing:
- Be the point of contact for all corporate insurance claims, ensuring oversight of the submission process. You will liaise with insurance providers/brokers during claim investigations, settling claims in a timely and fair manner, and analysis of claims data to identify areas for improvement.
Stakeholder Management and Communication
- Foster relationships with insurance partners, including fee/commission arrangements, negotiation of favourable terms and pricing, and coordination of policy updates information exchange.
- Reviewing levels of coverage vs risk appetite vs budgetary constraints, including linking with group insurance cover via our parent company.
- Be a point of contact and support for all insurance related queries, dealing with a multitude of internal stakeholders and advising on best practice.
Essential Skills needed to fulfil this role:
- Possess specific knowledge and experience in corporate insurance management strategy and implementation primarily in General Insurance corporate coverage
- Be adept at thinking logically and analytically, with the ability to effectively understand, summarise, and make recommendations on complex subjects.
- Be able to communicate, influence, and network with stakeholders at all levels, both internally and externally.
- Possess a great attention to detail and a strong desire to seek ways to deliver continuous improvement.
- Demonstrable ability to effectively balance deadlines, whilst ensuring appropriate rigour, and exceeding stakeholder expectations.
- Confidence to challenge decisions made by others including senior stakeholders.
- Possess a positive level of proficiency of desktop applications including Excel, Word, SharePoint and PowerPoint
So, what's in it for you?
- Bonus Schemes – A bonus that regularly rewards you for your performance
- A pension of up to 12%– We will match your contributions up to 6% of your salary
- Our award-winning Vitality health insurance – With its own set of rewards and benefits
- Life Assurance – Four times annual salary
If you are successful in your application and join us at Vitality, this is our promise to you, w
e will:
- Help you to be the healthiest you've ever been.
- Create an environment that embraces you as you are and enables you to be your best self.
- Give you flexibility on how, where and when you work.
- Help you advance your career by playing you to your strengths.
- Give you a voice to help our business grow and make Vitality a great place to be.
- Give you the space to try, fail and learn.
- Provide a healthy balance of challenge and support.
- Recognise and reward you with a competitive salary and amazing benefits.
- Be there for you when you need us.
- Provide opportunities for you to be a force for good in society.
We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About The Company
We're really excited to announce that we have recently been awarded
"Top 10 Best Places To Work"
in The Sunday Times Awards 2024!
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.
Diversity & Inclusion
We're committed to diversity and inclusion because it's good for our employees, for our business, and for society. To learn more please visit our Careers page.
Vitality's approach to sustainability
Vitality is a business that drives positive change. We reward people for making and sustaining healthier choices. But healthy people also need a healthy environment. To learn more please visit our Careers page.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early.