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About The Role
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:
o Identification and evaluation of potential risks to the company's assets, operations, and personnel, and evaluation of these in terms of impact and likelihood.
o 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:
o Steer on the selection of the most appropriate insurance policies for Vitality's needs, by conducting research, comparing insurance options from various providers and negotiating key policy terms conditions. This ensures there is an appropriate level of coverage for the business.
o Maintain and manage the corporate insurance policy renewal cycle.
* Compliance with insurance regulations:
o 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:
o 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 trends and areas for improvement.
* Stakeholder Management and Communication:
o Foster relationships with insurance partners, including fee/commission arrangements, negotiation of favourable terms and pricing, and coordination of policy updates information exchange.
o 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:
* 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 You
About Us
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.
We've been a purpose and values-driven business from day 1 - long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives - they benefit, our business benefits, and society benefits. We're successful because we attract, develop, and retain the best people - and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.
Ready to find out if we're the right fit for you? We can't wait.
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. #LI-Hybrid
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early. If you are interested, please submit your application as soon as possible.
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