At a Glance
- Tasks: Lead premium finance operations, driving strategy and risk management in motor insurance.
- Company: Join a leading insurer known for innovation and excellence in the UK market.
- Benefits: Enjoy competitive salary, career growth opportunities, and a dynamic work environment.
- Why this job: Be at the forefront of insurance finance, shaping strategies that impact the industry.
- Qualifications: Extensive experience in premium finance, underwriting, or credit policy is essential.
- Other info: This role offers a chance to influence key decisions and collaborate with diverse teams.
The predicted salary is between 48000 - 72000 £ per year.
I am currently recruiting for a leading Insurer who are seeking a Head of Premium Finance to join their growing team. My client is looking for someone with extensive experience in Premium Finance to lead the function, driving the commercial success, underwriting integrity, and risk management of our premium finance operations across the UK market. This role would suit someone with a strong background in underwriting, credit policy, or product risk. Proven senior leadership experience in this space is required.
Key Responsibilities
- Strategy & Commercial Development
- Define and deliver the premium finance strategy in alignment with broader business goals.
- Drive product innovation and competitive differentiation in the insurance finance space.
- Risk Management & Underwriting
- Oversee credit risk and underwriting policies across both personal and commercial finance products.
- Ensure full compliance with FCA regulations, internal risk frameworks, and Treating Customers Fairly (TCF) principles.
- Chair or actively participate in credit committees and relevant risk governance forums.
- Stakeholder & Relationship Management
- Collaborate cross-functionally with legal, compliance, finance, and product teams to execute strategy and ensure alignment.
Head of Premium Finance (Motor Insurance) in City of London employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Premium Finance (Motor Insurance) in City of London
✨Tip Number 1
Network with professionals in the insurance and finance sectors. Attend industry events, webinars, or conferences where you can meet potential colleagues or leaders in premium finance. Building these connections can provide valuable insights and may even lead to referrals.
✨Tip Number 2
Stay updated on the latest trends and regulations in the motor insurance market. Understanding current challenges and innovations will not only prepare you for interviews but also demonstrate your commitment to the field and your ability to drive strategic initiatives.
✨Tip Number 3
Prepare to discuss your leadership style and past experiences in managing teams and projects. Highlight specific examples where you've successfully driven commercial success or improved underwriting processes, as this will resonate well with the hiring team.
✨Tip Number 4
Familiarise yourself with the company's values and recent developments. Tailoring your conversations around their goals and how your experience aligns with their vision can set you apart from other candidates and show that you're genuinely interested in the role.
We think you need these skills to ace Head of Premium Finance (Motor Insurance) in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in Premium Finance, underwriting, and risk management. Use specific examples that demonstrate your leadership skills and achievements in these areas.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the insurance industry and detail how your background aligns with the key responsibilities of the role. Mention your experience in driving commercial success and product innovation.
Highlight Relevant Skills: Emphasise your knowledge of FCA regulations and Treating Customers Fairly (TCF) principles. Showcase your ability to manage credit risk and your experience in collaborating with cross-functional teams.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a leadership role.
How to prepare for a job interview at High Finance (UK) Limited
✨Showcase Your Leadership Experience
As a candidate for the Head of Premium Finance, it's crucial to highlight your senior leadership experience. Prepare specific examples of how you've successfully led teams and driven commercial success in previous roles.
✨Demonstrate Industry Knowledge
Familiarise yourself with the latest trends in premium finance and motor insurance. Be ready to discuss how these trends can impact strategy and product innovation within the company.
✨Understand Regulatory Compliance
Since compliance is key in this role, brush up on FCA regulations and Treating Customers Fairly principles. Be prepared to discuss how you have ensured compliance in past positions and how you would approach it in this role.
✨Prepare for Stakeholder Engagement
This position requires collaboration across various teams. Think of examples where you've successfully managed relationships with stakeholders, and be ready to discuss your approach to cross-functional collaboration.