Basic qualifications:

• ACII Insurance and loss prevention
• Experience in a Corporate leadership role with a large global / multinational company (Pharmaceutical industry experience is not a pre-requisite)
• Ability to engage and communicate with full range of stakeholders internally and externally
• Cross functional and country project management skills
• Technical knowledge across broad range of insurance arrangements and loss prevention strategies

Preferred qualifications:

• Commerce / financial degree
• Link and communicate insurance programmes to GSK financial and risk management strategy
• Ability to successfully manage and negotiate complex claims impacting the supply chain with both internal and external stakeholders

The incumbent will therefore:

• Support the VP with the ongoing evolution of the insurance strategy approved by the GSK Plc Board
• Have responsibility for the implementation and oversight of all centrally managed insurance and loss prevention programmes as required to implement the insurance strategy
• With the VP Corporate Insurance, have oversight of key internal and external relationships
• Develop and deliver the insurance budget
• Manage the performance and development of the corporate insurance and risk management team

Key Responsibilities:

• Support the VP to evolve the insurance strategy to ensure the insurance structure and role of the captive continues to align to key operational risks and GSKs financial objectives. This includes the ongoing review of the re-insurance strategy implemented by the Captive Board (GSK Insurance Limited)
• Develop and implement the governance and oversight required for the key insurance and loss prevention and reporting activities for all the insurance programmes required for compliance with the Insurance Act, BEPS requirements, insurance policy documentation and GSK policies and procedures
• Continued updating and development of the Enterprise Risk Management model to ensure continued alignment and cross functional engagement for purpose of viability statement, key risk and loss prevention evaluation
• Manage the day-to-day delivery, performance and development of the insurance and risk management team. This includes oversight of the annual renewals process; claims management and reporting; and loss prevention activities
• With the VP Corporate Insurance, manage and oversee all broker and insurer relationships to ensure performance against service level agreements and alignment to the insurance strategy
• With the VP Corporate Insurance, represent the Corporate Insurance and Risk Management team with key internal stakeholders to include the Treasury Management Group, the Captive Board (GSK Insurance Limited) and business and corporate risk management boards (High Severity Risk Board, Risk Management Control Board for GMS and Vaccines)
• Successfully lead, oversee and negotiate the settlement of material claims impacting GSK Plc and/or the local operating companies
• Develop and communicate the corporate insurance budget to include the required corporate, UK, US and local operating company approvals