Head of Insurance & Compliance
West Midlands | Hybrid Working Available
Salary: Up to £60,000 + £6,000 Car allowance + Benefits
A well-established and growing warranty insurance business is looking to appoint an experienced insurance professional to lead its insurance function and help shape the next stage of its growth in this role which will have a main focus on their compliance, risk and regulatory responsibilities.
This is an excellent opportunity for someone from an underwriting, broking, delegated authority, insurer relationship management or insurance compliance background who is looking for a broader role with greater autonomy, influence and visibility than they may currently have within a larger company.
The business has built a strong reputation within the warranty and protection market, working with major national retail partners across the UK. While it has achieved significant growth, it has retained an entrepreneurial and agile culture where decisions are made quickly, bureaucracy is limited, and individuals are empowered to make a real impact.
This is not a role where you'll be responsible for a small piece of a much larger business. Instead, you'll take ownership of a wide-ranging insurance function, combining insurer relationship management, portfolio oversight, regulatory compliance, governance, operational improvement and strategic development.
For someone currently working within a larger insurer, MGA or broker, this position offers the chance to step into a far broader remit. You'll have direct exposure to senior leadership, genuine influence over business decisions and the opportunity to shape how the insurance function evolves moving forward.
With an established operational team already in place, including support for day-to-day activities, you'll be able to focus on insurer partnerships, underwriting engagement, portfolio performance, compliance oversight and driving business improvement initiatives.
The successful individual will play a key role in ensuring the business continues to maintain strong insurer relationships, profitable products and robust regulatory standards whilst supporting future growth plans.
Key Responsibilities
- Act as the primary relationship holder with insurer, underwriting and capacity partners.
- Analyse portfolio performance, loss ratios, claims trends and management information to support commercial decision making.
- Identify, assess and manage insurance risks and exposures.
- Lead the development, review and implementation of insurance policies, procedures and governance frameworks.
- Oversee FCA compliance requirements and the compliance monitoring plan.
- Provide regulatory and compliance guidance to stakeholders across the business.
- Investigate, manage and escalate significant compliance issues where required.
- Produce meaningful management information and reports for senior leadership.
- Conduct and oversee compliance reviews and audits.
- Deliver insurance and regulatory training across the organisation.
- Support the ongoing development and optimisation of warranty and claims processes.
- Contribute to system enhancement and implementation projects designed to improve efficiency, controls and customer outcomes.
- Ensure adherence to regulatory, ethical and industry best practice standards.
- Help shape the future direction of the insurance function as the business continues to grow.
To be considered you will need to be an experienced insurance professional from an underwriting, broking, compliance or insurer-facing background. You could currently be working in underwriting, delegated authority, governance or compliance, with a strong understanding of FCA regulation and experience operating within a regulated environment. You'll be commercially minded, comfortable working with portfolio performance data and MI, and confident building relationships with insurers, brokers and senior stakeholders.
This is a rare opportunity to take ownership of a broad insurance function within a successful and growing business. You'll enjoy far greater autonomy than is typically available in a larger organisation, with direct access to senior leadership and the ability to influence insurer relationships, compliance, portfolio performance and future strategy. If you're looking for a role where you can make a visible impact and help shape a business's continued growth.
Head of Insurance employer: IPS Group Careers
Join a dynamic and supportive insurance business that values your leadership skills and offers a collaborative work culture. With opportunities for professional growth and development, you'll be at the forefront of driving team performance and customer satisfaction in a hybrid working environment that balances office presence with flexibility. Located in Sheffield with travel to the South Coast, this role provides a unique chance to influence key strategic initiatives while enjoying comprehensive benefits and a strong focus on employee engagement.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Insurance
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like IPS Group Careers). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like IPS Group Careers. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at IPS Group Careers.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at IPS Group Careers. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at IPS Group Careers
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at IPS Group Careers to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at IPS Group Careers, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding IPS Group Careers's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
