At a Glance
- Tasks: Lead global recoveries and salvage operations, driving innovation and strategy.
- Company: Join Hiscox, a forward-thinking international insurer with a unique culture.
- Benefits: Enjoy hybrid working, a supportive environment, and opportunities for personal growth.
- Other info: Be part of a diverse team that values creativity and challenges the status quo.
- Why this job: Make a real impact in a key area of claims while working with cutting-edge technology.
- Qualifications: 10+ years in claims subrogation, strong leadership, and excellent communication skills.
The predicted salary is between 80000 - 100000 £ per year.
Build a brilliant future with Hiscox.
We are looking for a global leader to join the Group Claims Function and lead the Claims recoveries and salvage operations across the Group. This is a new and exciting opportunity to join Hiscox and make a real difference in a key area of our claims process. You will be responsible for leading global recoveries and salvage operations, defining and executing the group-wide strategy, and building scalable solutions that align with growth ambitions across the group. You will also be responsible for managing relationships with our vendors globally and overseeing all recovery efforts, including pursuing and monitoring overpayments. With Hiscox’s diverse technology landscape, you will create a clear vision on simplifying processes through innovation and strategic alignment to support positive customer outcomes as our business grows. You will interact with senior and executive level stakeholders across the organisation, influencing others and applying critical thinking to overcome challenges and misalignment. The ability to think creatively but effectively implement solutions to deliver results through others will be a key skill.
Key Responsibilities
- Lead global operations, partner with vendors and business units, embed governance frameworks, and drive innovation through technology, analytics, AI, and scalable solutions.
- Develop and implement strategies to maximise claim recoveries and minimise leakage.
- Represent the Group in industry forums, maintaining awareness of emerging risks and best practices.
- Champion governance and controls to ensure compliance with legal and regulatory requirements and external/internal policies.
- Drive innovation through technology, AI, and advanced analytics to enhance recovery processes.
- Engage with internal and external stakeholders, including vendors and subrogation specialists, to optimise outcomes.
- Align globally across business units through process improvements and technology solutions.
- Deliver KPIs related to recovery rates and operational efficiency.
- Implement governance frameworks and controls across all recovery operations.
- Report performance and strategic progress to senior leadership and executive stakeholders.
- Support and develop teams through coaching, training programmes, and clear objectives.
- Ownership for maintaining and enhancing recoveries processes, training, and adherence to these across claims globally.
Skills / Qualifications / Experience Required
- Extensive experience in claims subrogation and salvage in a global capacity (10+ years, with leadership roles). Those with fewer years but the right level of knowledge will be considered.
- Strong knowledge of insurance laws, regulations, and commercial lines products across all geographies.
- Proven ability to lead teams and deliver through others.
- Exceptional global communication and stakeholder management abilities with intercultural competence.
- Exposure to recoveries monitoring systems (in-house or vendors) with a good understanding of how to transform and/or implement within an organisation and 3rd party suppliers.
- Proficiency in relevant software and reporting tools, with strong Microsoft Office skills.
- Resilience and adaptability to lead through change.
- Deliver results under pressure.
- Strategic thinking combined with operational execution capability.
- Excellent analytical skills, leveraging data and insights to drive decisions.
- Expertise in technology and innovation, including AI and machine learning applications.
About Hiscox
As an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength – all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things. We ensure the unique and the interesting. We search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions. Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places. Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
Diversity and flexible working at Hiscox
At Hiscox we care about our people. We hire the best people for the job, and we are committed to diversity and creating a truly inclusive culture, which we believe drives success. Working life does not always have to be in the office so we have introduced hybrid working to encourage a healthy work life balance. This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other. Work with amazing people and be part of a unique culture.
Group Head of Recoveries and Salvage employer: Hiscox
Hiscox is an exceptional employer that fosters a culture of innovation and inclusivity, making it an ideal place for the Group Head of Recoveries and Salvage to thrive. With a commitment to diversity and flexible working arrangements, employees enjoy a healthy work-life balance while collaborating with talented colleagues in a dynamic environment. The company prioritises professional growth through coaching and training, ensuring that every team member can contribute meaningfully to the organisation's ambitious goals.
StudySmarter Expert Advice🤫
We think this is how you could land Group Head of Recoveries and Salvage
✨Tip Number 1
Network like a pro! Reach out to connections in the insurance industry, especially those who know Hiscox. A friendly chat can open doors and give you insider info that could set you apart.
✨Tip Number 2
Prepare for interviews by researching Hiscox’s culture and values. Show them you’re not just about the numbers; you’re ready to embrace their innovative spirit and contribute to their unique approach.
✨Tip Number 3
Practice your storytelling skills! Be ready to share specific examples of how you've led teams or driven innovation in recoveries and salvage. Make it relatable and engaging to keep their attention.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Hiscox team.
We think you need these skills to ace Group Head of Recoveries and Salvage
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Group Head of Recoveries and Salvage role. Highlight your extensive experience in claims subrogation and salvage, and don’t forget to showcase your leadership skills and strategic thinking.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for Hiscox. Mention specific examples of how you've driven innovation and improved recovery processes in your previous roles.
Showcase Your Tech Savvy:Since this role involves driving innovation through technology, make sure to highlight your proficiency with relevant software and any experience you have with AI and machine learning applications. We love tech-savvy candidates!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Hiscox team.
How to prepare for a job interview at Hiscox
✨Know Your Stuff
Make sure you brush up on your knowledge of claims subrogation and salvage. Understand the key regulations and commercial lines products relevant to the role. This will not only help you answer questions confidently but also show that you're genuinely interested in the position.
✨Showcase Your Leadership Skills
Prepare examples that highlight your experience in leading teams and delivering results through others. Think about specific challenges you've faced and how you overcame them, especially in a global context. This will demonstrate your ability to manage relationships and influence stakeholders effectively.
✨Emphasise Innovation and Technology
Since the role involves driving innovation through technology and analytics, be ready to discuss any relevant tools or systems you've used in the past. Share your thoughts on how AI and machine learning can enhance recovery processes, as this aligns with Hiscox's focus on creative solutions.
✨Engage with the Company Culture
Familiarise yourself with Hiscox's unique culture and values. Be prepared to discuss how you can contribute to their mission of challenging convention and seeking better ways of doing things. Showing that you resonate with their ethos will set you apart from other candidates.