Team – Sourcing
Working Pattern - Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week.
Top 3 skills needed for this role:
- A keen eye to learn
- Experience in a Commercial role
- Strong attention to details, the role covers Vitality's large Corporate renewals for the year
What this role is all about:
The Corporate Insurance Manager has direct duty for Group Insurance for the organisation, to ensure the right levels of cover are in place to protect the organisation. This includes the management of new policies, existing policies, and any associated claims.
We would be looking for someone who is familiar and comfortable dealing with large Corporate renewals or has previous experience in Commercial related roles. While prior procurement experience is beneficial, we are committed to developing talented individuals who are eager to learn and grow in this field.
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.
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Policy selection and management:
- Steer on the selection of the most appropriate insurance policies for Vitality’s needs, by conducting research, comparing insurance options from various provider and negotiating key policy terms conditions. This ensures 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, as well as coordination 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, liaising with insurance providers/brokers during claim investigations, settling claims in a timely and fair manner, and analysis of claims data to identify trend and 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.
- Be a point of contact for all insurance related queries, dealing with a multitude of internal stakeholders and advising on best practice.
What do you need to thrive?
- Possess knowledge and experience in corporate insurance management implementation primarily in a 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.
- Confidence to challenge choices made by others.
- 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
These are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we 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.