At a Glance
- Tasks: Lead global recoveries and salvage operations, driving innovation and strategy.
- Company: Join Hiscox, a forward-thinking insurer with a unique culture.
- Benefits: Enjoy hybrid working, diversity, and a supportive environment.
- Why this job: Make a real impact in a key area of our claims process.
- Qualifications: 10+ years in claims subrogation, strong leadership and communication skills.
- Other info: Be part of a dynamic team that values creativity and challenges the norm.
The predicted salary is between 80000 - 100000 £ per year.
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.
- 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.
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.
Group Head of Recoveries and Salvage in London employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Head of Recoveries and Salvage in London
✨Tip Number 1
Network like a pro! Reach out to connections in the insurance industry, especially those who work at Hiscox or similar companies. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by researching Hiscox’s values and recent projects. Show us that you’re not just another candidate; demonstrate how your experience aligns with their innovative approach and commitment to customer outcomes.
✨Tip Number 3
Practice your storytelling skills! Be ready to share specific examples of how you've led teams or implemented successful strategies in recoveries and salvage. We want to hear about your impact and how you can bring that to Hiscox.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email reiterating your enthusiasm for the role can leave a lasting impression. Plus, it shows us that you’re genuinely interested in joining the Hiscox team.
We think you need these skills to ace Group Head of Recoveries and Salvage in London
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 analytics. We love candidates who can leverage tech to enhance operations!
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, especially in a global context. Familiarise yourself with the latest insurance laws and regulations, as well as Hiscox's specific processes and technology landscape.
✨Showcase Your Leadership Skills
Prepare examples that demonstrate your ability to lead teams and deliver results through others. Think about times when you've successfully managed relationships with vendors or stakeholders, and be ready to discuss how you overcame challenges in those situations.
✨Think Strategically
Be ready to discuss your strategic thinking capabilities. Consider how you would develop and implement strategies to maximise claim recoveries and minimise leakage. Have some innovative ideas in mind that align with Hiscox’s focus on technology and analytics.
✨Engage with Confidence
Practice your communication skills, especially for engaging with senior and executive-level stakeholders. Be prepared to articulate your vision clearly and confidently, and think about how you can influence others while maintaining a collaborative approach.