Group Insurance Manager

Group Insurance Manager

Who we’re looking for.

This Group Insurance Manager will provide insurance subject-matter expertise for Schroders, working with the Head of Insurance Risk, helping to manage the insurance programme to meet the needs of each business unit and for the corporate entity.  We are looking for someone who is:

·         A qualified and experienced insurance professional (ACII or IRM);

·         Keen to learn and explore the risk profile of the business, looking for insurance solutions to answer the requirements of the Group and business units; and

·         Will want to help manage the financial institution insurance and global general insurance programmes, and potentially providing insurance expertise to support to a major pan-European real estate portfolio and employee benefits insurance programme.

About Schroders.

We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have more than 6,000 people on six continents. And we’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper.

The team.

Working within the Risk and Compliance team, the role involves contact with every aspect of the business in 38 countries. Your colleagues are highly skilled Asset Management, Wealth and Investment Property professionals. There will be regular contact with Legal, Workplace, HR, Governance and Management teams. Interacting with the outsourced service teams at the insurance brokers. You will be one of two Subject Matter Experts in insurance.

What you’ll do

·         Reviewing documents, assisting in formulating answers to insurance questions from the business, and determining when to seek advice or opinions from the brokers;

·         Creating solutions to a wide variety of risk exposures, legal and regulatory requirements and insurance-related requests from clients and suppliers;

·         Support the Head of Insurance Risk to develop the overall insurance strategy;

·         Review internal Group policies and procedures for Insurance Risk;

·         Request, collate and assess information for the annual insurance renewal;

·         Support the annual insurance renewal process, liaising with business units and the insurance brokers;

·         Monitor business activities to ensure insurance cover is aligned with key risk exposures;

·         Administer claims from first advice through to settlement, including delegated oversight of; claims; claims service from insurers; provision of claims information, and likely settlement outcomes

·         Monitor insurance policies outside of arranged Group cover;

·         Support periodic and ad hoc reviews of the appointed insurance brokers;

·         Support and input on insurance aspects of business acquisitions and disposals;

·         Develop and maintain professional relationship with a wide range of Group infrastructure and business units (Legal, HR, Audit, Compliance, Investment, Wealth Management, Bank, Real Estate, Hotels, Renewable Energy) for Insurance Risk subjects;

·         Maintain relationship with the insurance market, including potential alternative brokers, insurers and other service providers and peer group of insurance risk managers;

·         Provide insurance advice to business units, specifically, due diligence of external suppliers’ insurance arrangements and responding to clients’ due diligence requests in respect of Schroders insurance arrangements;

·         Help to prepare reports and papers for presentation to Group Committees

·         Help to develop and manage Target Operating Models for:

a) Governance oversight of the global insurance programme;

b) Roles and responsibilities for insurance programme creation and management;

c) Identification of insurable risks and insurance coverage;

d) Establishing insurance programme strategies;

e) Broker and insurer selection processes;

f) The renewal process; and

g) Risk event reporting and management of claims.

The knowledge, experience and qualifications you need:

·         ACII or IRM qualification;

·         Excellent communication skills; and

·         Good knowledge of at least two insurance sectors from; global general insurance, financial institutions insurance, real estate insurance, employee benefits insurance.

The skills that will be advantageous:

·         Good knowledge of the insurance market and insurance brokers;

·         An understanding of a captive insurance company would be very useful;

·         English is the global language for Schroders but some proficiency with other languages may be an advantage;

·         a

·         Previous working experience in or for Asset Management, Wealth Management, Banking or Real Estate sectors; and

·         Evidence of taking responsibility to complete complex tasks or projects.

What you’ll be like:

·         Enthusiastic about insurance;

·         Keen to understand how the business operates;

·         Strong collaboration skills working across diverse teams across multiple time zones;

·         Attention to detail with accuracy at meeting time scales; and

·         Capability to identify errors and troubleshoot by finding solutions or seeking advice.

We recognise potential, whoever you are.

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer: you are welcome here regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background or any other protected characteristics