SF Recruitment are working with a business based in Dudley who is looking for a Head of Insurance / Compliance to join the team.
Salary: cGBP80,000 + Depending on experience (Happy to talk through salary individually)
Must have extensive experience within insurance.
Duties Include:
1. Analysing, identifying and classifying risks and exposures.
2. Implementing and updating policy and procedure to measure and manage exposure risks and take mitigating actions.
3. Compiling loss trends.
4. Responsible for the adherence to regulatory and ethical standards.
5. Providing compliance advice to business stakeholders and escalating material compliance issues.
6. 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.
7. Investigating and escalating significant compliance failures and managing regulatory reporting.
8. Producing management reports for senior managers.
9. Conducting and overseeing regular audits.
10. Providing internal and external compliance training.
11. Continuously evaluating and optimising the warranty claims process to improve efficiency and customer experience.
12. Developing and implementing new warranty management systems and tools.
13. Streamlining communication channels between customer service, clients, and the warranty department.
Experience and Skills Required:
1. A relevant professional qualification preferably CII certified or proven knowledge of insurance sufficient to be able to fulfil the above responsibilities.
2. Detailed knowledge of insurance industry best practice and compliance standards including Bordereaux.
3. Significant FCA knowledge and experience.
4. Minimum of 10 years compliance and insurance experience.
5. Previous experience in a compliance management role within the insurance industry.
6. Experience of working within underwriting, pricing or exposure management.
7. In-depth knowledge of the insurance industry, including regulatory frameworks.
8. Highly organised and able to work independently.
9. Strong attention to detail.
10. Team player and ability to manage key relationships.
11. Good verbal and written communication skills.
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