Senior Manager, Enterprise Risk Management (Insurance)

The Projects and Risk Management (‘PRM’) Division is responsible for managing and overseeing Strategic Projects for the Club, and for the rollout of the Club-wide Enterprise Risk Management (‘ERM’) Framework.  This ERM rollout is led by the Risk Management Department, which is a second line function within the Three Lines of Defense model.  

The Insurance function is part of the Risk Management Department and is responsible for maintaining the Club’s existing insurance structure and for identifying expanded risk transfer opportunities and requirements based on the Club’s business expansion and risk exposures identified and assessed through the ERM rollout. 

The Senior Manager, Insurance (SM, I) reports to the Executive Manager, Enterprise Risk Management (EM, ERM) and leads the renewal and purchase of corporate insurance policies across the Club, in conjunction with the Club’s insurance broker.  He/she is responsible for the following activities:

• Maintain and service the Club’s existing insurance structure, including claims management.
• Improve efficiency of the insurance structure and identify risk transfer opportunities in line with business expansion and the ERM framework across the Club.
• Raise awareness of the insurance structure across the Club and educate senior managers on the benefits available from risk transfer.

This role requires strong collaboration with the Divisional stakeholders, ability to communicate and operate up to Executive level, as well as proactively learning and ramping up with the Club’s business model and the main business domains. In addition, the role holder should have a foundation in statistics in order to ensure robust analysis is undertaken to recommend the appropriate balance between self-insured risk exposure, premiums and other insurance related costs.
 

You will: 

• Maintain and service the Club’s existing insurance structure, including claims management.
  • Execute renewal of all Club wide insurance programmes.
  • Ensure all current coverages align with business requirements.
  • Oversee management of Club’s insurance claims, including complex claims.
  • Answer all queries concerning insurance from business units and subsidiaries/related entities.
• Improve efficiency of the insurance structure and identify risk transfer opportunities in line with business expansion and the ERM framework across the Club.
  • Proactively engage with senior management to identify business expansion and the need and opportunity for the procurement of insurance.
  • Identify and periodically assess currently uninsured areas and Enterprise risks, providing recommendations based on risk and cost-benefit analysis. 
  • Regularly review placement structure(s) and propose amendments to self-retained exposure where appropriate.
  • Identify new initiatives to improve efficiencies across the Club.
• Raise awareness of the insurance structure across the Club and educate senior managers on the benefits of risk transfer.

You should have:

• A Bachelor and/or Post Graduate degree from a highly accredited University in the disciplines of Engineering, Mathematics, Business, Accounting or similar.
• Insurance specific professional qualification(s). 
• Minimum of 10 years' corporate insurance experience working in consulting or ‘in-house’ with in-depth knowledge of the market and best practices.
• Strong statistical knowledge and background with a keen interest in continued development of quantitative topics.
• Undertaken academic and industry research to enhance the Club’s insurance structure.
• Knowledge of insurance placement design and capabilities in analysing technical coverages, including mapping to identified risk exposures.
• Proactive with high levels of initiative.
• Ability to write concise risk reports with clarity and precision that provide persuasive recommendations evidenced with data and analysis.
• Fluency in written and spoken English. 

The level of appointment will be commensurate with qualification and experience.