SF Recruitment are working with a business based in Dudley who is looking for a Head of Insurance / Compliance to join the team.
cGBP80,000 + Depending on experience (Happy to talk through salary individually)
Must have extensive experience within insurance
Duties Include:
Analysing, identifying and classifying risks and exposures.
Implementing and updating policy and procedure to measure and manage exposure risks and take mitigating actions
Compiles loss trends.
Responsible for the adherence to regulatory and ethical standards
Providing compliance advice to business stakeholders and escalating material compliance issues
Managing regulatory requirements stemming from the FCA regulations and requirements, overseeing the compliance monitoring plan, and providing advice and management of FCA compliance plans, among other duties
Investigate and escalate significant compliance failures and manage regulatory reporting.
Produce management reports for senior managers.
Conduct and oversee regular audits
Providing internal and external compliance training.
Continuously evaluate and optimise the warranty claims process to improve efficiency and customer experience.
Develop and implement new warranty management systems and tools.
Streamline communication channels between customer service, Clients, and the warranty department.
Experience and Skills Required:
A relevant professional qualification preferably CII certified or proven knowledge of insurance sufficient to be able to fulfil the above responsibilities
Detailed knowledge of insurance industry best practice and compliance standards including Bordereaux
Significant FCA knowledge and experience
Minimum of 10 years compliance and insurance experience
Previous experience in a compliance management role within the insurance industry
Experience of working within underwriting, pricing or exposure management
In depth knowledge of the insurance industry, including regulatory frameworks
Highly organised and able to work independently
Strong attention to detail
Team player and ability to manage key relationships
Good verbal and written communication skills