Consumer Duty Manager - Insurance

Consumer Duty Manager - Insurance

Chelmsford Full-Time 36000 - 60000 £ / year (est.) No home office possible
Go Premium
H

At a Glance

  • Tasks: Join us as a Consumer Duty Manager, ensuring top-notch customer outcomes daily.
  • Company: We're a fast-growing personal lines insurance business based in Essex.
  • Benefits: Enjoy flexible working options and a vibrant company culture.
  • Why this job: Be part of a dynamic team shaping customer experiences and driving growth.
  • Qualifications: Experience in insurance and knowledge of Consumer Duty is essential.
  • Other info: This is a unique opportunity to influence best practices in customer care.

The predicted salary is between 36000 - 60000 £ per year.

A rapidly-growing personal lines insurance business based in Essex is seeking a Customer Outcomes Manager. This is an exciting time to join the business as you will support the firm's growth while participating in the establishment of a best-in-class customer outcomes team. On a day-to-day basis, you will support the business in fulfilling its duties related to Consumer Duty.

Duties will include:

  • Involvement in the production of papers for Board and Committees
  • Ensuring compliance with Consumer Duty outcomes: products and services price and value, consumer understanding, FCA cross cutting rules and consumer support
  • Liaising with stakeholders to gather required information
  • Developing positive relationships with outsourced partners
  • Working with the business to define their approach to vulnerable customers
  • Working on product governance matters

For this role, you will need experience of working in an insurance business and a working knowledge of Consumer Duty.

Consumer Duty Manager - Insurance employer: HFG Insurance Recruitment

Join a dynamic and rapidly-growing personal lines insurance business in Essex, where you will play a pivotal role in shaping a best-in-class customer outcomes team. Our supportive work culture fosters collaboration and innovation, offering ample opportunities for professional growth and development. With a focus on compliance and consumer support, we are committed to creating a rewarding environment that values your contributions and empowers you to make a meaningful impact.
H

Contact Detail:

HFG Insurance Recruitment Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Consumer Duty Manager - Insurance

✨Tip Number 1

Familiarise yourself with the latest regulations and guidelines surrounding Consumer Duty in the insurance sector. Understanding these nuances will not only help you in interviews but also demonstrate your commitment to compliance and customer outcomes.

✨Tip Number 2

Network with professionals already working in consumer outcomes or compliance roles within the insurance industry. Engaging with them can provide valuable insights into the role and may even lead to referrals, increasing your chances of landing the job.

✨Tip Number 3

Prepare to discuss specific examples from your previous experience that showcase your ability to manage stakeholder relationships and ensure compliance with consumer standards. Real-life scenarios can make a strong impression during interviews.

✨Tip Number 4

Stay updated on current trends and challenges in the insurance market, particularly those affecting consumer outcomes. Being knowledgeable about industry developments will help you engage in meaningful conversations during interviews and show your passion for the field.

We think you need these skills to ace Consumer Duty Manager - Insurance

Knowledge of Consumer Duty regulations
Experience in the insurance industry
Stakeholder Management
Compliance and Regulatory Knowledge
Strong Communication Skills
Relationship Building
Analytical Skills
Problem-Solving Skills
Project Management
Understanding of FCA guidelines
Ability to work with vulnerable customers
Report Writing
Attention to Detail
Team Collaboration

Some tips for your application 🫡

Understand the Role: Read the job description carefully to understand the key responsibilities and required skills for the Consumer Duty Manager position. Tailor your application to highlight your relevant experience in insurance and knowledge of Consumer Duty.

Highlight Relevant Experience: In your CV and cover letter, emphasise your previous roles in insurance and any specific experience related to Consumer Duty. Use concrete examples to demonstrate how you've successfully managed customer outcomes or compliance in past positions.

Showcase Stakeholder Management Skills: Since the role involves liaising with stakeholders, make sure to include examples of how you've effectively communicated and built relationships with various partners in your previous roles. This will show your ability to collaborate and gather necessary information.

Craft a Compelling Cover Letter: Write a personalised cover letter that not only outlines your qualifications but also expresses your enthusiasm for joining a rapidly-growing business. Mention how you can contribute to establishing a best-in-class customer outcomes team and your commitment to supporting vulnerable customers.

How to prepare for a job interview at HFG Insurance Recruitment

✨Understand Consumer Duty

Make sure you have a solid grasp of the Consumer Duty principles and how they apply to the insurance sector. Be prepared to discuss how these principles can enhance customer outcomes and ensure compliance.

✨Showcase Your Stakeholder Management Skills

Highlight your experience in liaising with various stakeholders. Be ready to provide examples of how you've successfully gathered information and built relationships, especially with outsourced partners.

✨Demonstrate Your Knowledge of Product Governance

Familiarise yourself with product governance matters relevant to the role. Be prepared to discuss how you would approach ensuring products are fair and provide value to customers.

✨Prepare for Scenario-Based Questions

Expect scenario-based questions that assess your problem-solving skills, particularly regarding vulnerable customers. Think of examples from your past experience where you’ve had to adapt your approach to meet diverse customer needs.

Consumer Duty Manager - Insurance
HFG Insurance Recruitment
Location: Chelmsford
Go Premium

Land your dream job quicker with Premium

You’re marked as a top applicant with our partner companies
Individual CV and cover letter feedback including tailoring to specific job roles
Be among the first applications for new jobs with our AI application
1:1 support and career advice from our career coaches
Go Premium

Money-back if you don't land a job in 6-months

H
Similar positions in other companies
UK’s top job board for Gen Z
discover-jobs-cta
Discover now
>