Manager – Corporate Insurance & Risk Management

(2 positions)

Consumer Health

The Manager, Corporate Insurance & Risk Management (CIRM) will have responsibility for the operational management and delivery of key supply chain and liability insurances and the co-ordination of applicable loss reporting and prevention programmes.  This role will act as the insurance lead in internal forums across R&D, Legal, HR Risk and Finance that will develop the understanding of GSK CH’s exposures across each function and guide how the insurance terms and conditions need to be constructed to ensure programmes remain aligned to GSK CH requirements. 

Responsibilities include the following:

• Understand GSK CH exposure: With the Director, act as the insurance lead in internal forums across Legal, EHS, Engineering, Logistics, Quality, Procurement and Finance that will develop the understanding of GSK CH’s 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 a detailed understanding of the supply chain and liability exposures, 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 prevention strategies.
• Risk Management Information System: Develop and implement the RMIS strategy for data collection and claims to ensure the RMIS is used to drive efficiencies and process improvement within the CIRM team with the support of the Analyst. 
• Deliver annual renewals: With guidance from the Director, develop a renewal/marketing strategy and define factors for a successful placement.  The role will have responsibility for execution and 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.
• Develop the principles and requirements for premium allocations. Oversee the premium allocation processes and review and sign-off the models and outputs.
• 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 CH exposures.  The role will also provide technical advice as required by the Captive manager.
• Claims Management: Provide claims management expertise to advise and assist GSK CH businesses to reach agreement on insurance claims.  As appropriate, the role will develop a claims strategy and be responsible for the execution of the strategy with co-ordination across both internal and external stakeholders.  The role will support the Director with more complex and material claims.
• Governance: In conjunction with the broker/ insurer, the role will ensure all programmes are fully compliant with legislative and GSK CH 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.
• Accountable for the loss prevention strategies and governance for the main risk management programmes.  The role will progress existing strategies and will have responsibility for driving the implementation through pro-active business and vendor engagement and will deliver management reporting and tracking of both service provider and site delivery.
• Governance and oversight of third-party suppliers and consultants. Ensure suppliers are delivering value-added services to GSK CH by managing and monitoring via SLAs and KPIs on a regular basis and reporting escalations to the Director. Set the engagement strategy for key partners and engage with stakeholders in risk dialogues to continue to develop knowledge and solutions for GSK CH.

APPLICATION CLOSING DATE – Friday 3rd September 2021.

Please take a copy of the Job Description, as this will not be available post closure of the advert.

When applying for this role, please use the ‘cover letter’ of the online application or your CV to describe how you meet the competencies for this role, as outlined in the job requirements above. The information that you have provided in your cover letter and CV will be used to assess your application.

NB: In 2022, GSK will be separating into 2 new companies. This role is part of a new team build within the new Consumer Health business, the start date for this role will be February/March 2022.  

Basic Qualifications:

• Qualified to Degree level or equivalent further academic qualifications.
• Professional Insurance Qualification or experience with an Insurer or Insurance Broker or similar corporate role.
• Ability to build and maintain strong professional relationships, across different functions and different countries.
• In-depth knowledge of main insurance classes and related loss prevention programmes.
• Risk management and/or loss prevention experience.
• Financial and analytical proficiency.
• Strong attention to detail.
• Strong verbal and written communication skills e.g., Board paper writing, presentations to senior management.
• Excellent time management.
• Previous experience in claims management.

Preferred Qualifications:  

• Legal Degree plus professional insurance qualification or significant equivalent experience in a corporate role.
• Previous experience working with a RMIS.

Why GSK?

GSK is a place where outstanding people do amazing things. As a science-led global healthcare company, we exist to help people do more, feel better, live longer. This special purpose – along with our goal of being one of the world’s most innovative, best performing and trusted healthcare companies – helps us attract some of the best and brightest minds in the world.

We take pride in providing access to all and continually focus on our opportunity and obligation to do more to improve inclusion and diversity: for our people inside GSK; in the way we do business; and in the communities where we operate. 

We want our company to be a place where diversity of people and thought is valued everywhere and where we’re all able to be ourselves and feel a sense of belonging. An inclusive organization where we all feel valued, engaged and supported, knowing that our work makes an important contribution to our mission. Reinforced by our clear values and expectations, it is part of our DNA. Together we achieve extraordinary things for our patients and consumers, who rely on us each and every day.