Job title: Group Insurable Risk Manager
Location: Frimley – We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role
Salary: £60,000 to £70,000 depending on experience plus executive benefits

YOUR SKILLS AND EXPERIENCES:

Essential:

Sound understanding of insurance technical issues: application of policy wordings, insurable risk management techniques and contractual risk management

• Knowledge of contractual risk management including insurance, liability and indemnity positions that can be accepted under contract and those aspects which are onerous or unacceptable
• Good understanding of the insurance market; the structure, and ability to understand BAE Systems’ key strategic relationships, customers and suppliers
• Sound understanding of insurable risk management operations of GIR to enable you to speak about insurance, premium allocation, claims, asset valuation and loss prevention to inform Finance Directors and other key stakeholders as identified
• Ideally you will have associated qualifications within insurable risk however this is not essential

• Interacting with a number of business units and stakeholders to enable a good understanding of the business environment, products and services to inform the development and delivery of the Company’s global insurable risk strategy
• Supporting Insurable Risk Contacts and stakeholders based in business units to help them with a range of insurance related questions or issues and develop GIR’s understanding of the group’s ever changing insurable risk profile, including identification of material circumstances ensuring that these insights are captured by the business units in their ‘risk story’ submissions to insurers thereby complying with the Insurance Act 2015
• In conjunction with Head of Insurable Risk Identification and relevant business unit Finance Directors determine and agree annual key business objectives aligning to the business units and GIRs strategy. Support the Insurable Risk Contacts in achieving the agreed annual key businesses’ objectives as well as emerging issues from the business operations
• Working closely with the business units or corporate functions to support appropriate commercial and supplier arrangements that need to be in place to compliment preferred risk positions and ensure the insurance programme managed by GIR responds in the event of a loss through:
• Supporting appropriate contractual risk management assessment with the business units including provision of appropriate training programmes.
• Support the business units by helping to negotiate preferred risk and insurance provisions in contracts e.g. indemnities, waivers and caps on liability with customers and or suppliers and agreeable insurance clauses.
• Providing support to all members of Group Insurable Risk and the wider BAE Systems Insurable Risk contacts and participate in specific insurable risk projects and other work streams that enhance Group Insurable Risk’s capability or performance on an as required basis