WHAT WILL YOUR JOB PURPOSE BE?

GSK operates a centralized approach to the management of its key insurance and loss prevention programmes. The role will have responsibility for the operational management and delivery of key liability insurances and the co-ordination of applicable loss reporting and prevention programmes.

WHAT WILL YOUR KEY RESPONSIBILITIES BE?

For each of the Director & Officers (D&O), Employment Practices, Employer Liability, Public, Product and Clinical Trial (PPL) insurances, the role will have responsibility for the day-to-day to include:

• Understand GSK exposure: With the Director, act as the insurance lead in internal forums across R&D, GSK Legal, HR Risk and Finance that will develop the understanding of GSKs exposures across each and guide how the insurance terms and conditions need to be constructed to ensure programmes remain aligned to GSK requirements.
• Oversight of data collection and verification: Establish and implement rigorous processes for the collection and review of all key exposure metrics. This will include the annual update of Revenue Model, tracking of claims and trends and other applicable internal incident reports. Output will be used to manage the annual renewal, develop the programme requirements and input into loss reporting and loss prevention strategies.
• Deliver annual renewals: Under the guidance of the Director, develop a renewal/marketing strategy and define factors for a successful placement for each programme. The role will have responsibility for the co-ordination of the renewal to a successful conclusion. The role will complete an after action review and make recommendations for further technical and process improvements.
• Captive and market engagement: Prepare the underwriting submissions in order to negotiate terms for Captive and market participation in the respective insurance programmes. This will include identification of policy wording changes required to improve the alignment of the programme to GSK exposures. The role will also provide technical advice as required by the Captive manager.
• Claims Management and Reporting: Under the guidance of the Director, provide claims management advice and co-ordinate with GSK Legal the reporting and settlement of liability claims. As appropriate, the role will assist the Director to develop a claims strategy and be responsible for the execution of the strategy across both internal and external stakeholders.
• Governance: The role will ensure all programmes are fully compliant with legislative and GSK policy and procedures based on the direction of the Director. The role will also provide input into further governance enhancements for the consideration of the Director or alternate responsible to assist the Director with Governance.
• Develop principles and requirements for premium allocation: With the Manager Service Delivery, agree the principles and requirements for premium allocation. The Manager Service Delivery will have responsibility for the development of the premium allocation models and for the subsequent engagement required with fronting partners and local operating companies.