At a Glance
- Tasks: Lead the non-life insurance sector and engage with stakeholders to enhance regulatory frameworks.
- Company: Join a forward-thinking organisation committed to excellence in insurance regulation.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to shape the future of insurance regulation with excellent career growth.
- Why this job: Make a significant impact on the insurance industry while leading a diverse team.
- Qualifications: Professional qualification and proven leadership experience in insurance or regulatory roles.
The predicted salary is between 46300 - 52800 £ per year.
Our client seeks a Senior Manager - Non-Life Insurance to join their team and lead the supervision of the non-life insurance sector, encompassing both prudential and conduct supervision.
The role also involves external stakeholder engagement as well as contributing to the maintenance and development of the Island's regulatory framework in line with international standards.
Key Responsibilities
- Effective leadership of the supervisory team, ensuring effective use of resources for the completion of agreed deliverables.
- Develop, oversee and deliver the supervisory plan by insurance sector, class of insurer and theme.
- Oversight of the delivery of the Methodology, including all supervisory activity and engagement (including conducting a range of thematic work, inspections and business meetings).
- Review and/or prepare firm and sector supervisory risk assessments.
- Identify and assess potential risk trends and supervisory themes.
- Management and delivery of difficult/complex issues utilising technical resources.
- Oversight of the assessment of all relevant proposals for authorisation and registration under the relevant insurance legislation.
- Ensure appropriate consideration given to all relevant statutory and regulatory returns and other information submitted under the relevant insurance legislation and taking appropriate action within agreed parameters.
- Oversight of on-site inspections including, pre-visit preparation, and drafting of reports.
- Ensure that public enquiries (including complaints against insurers) are dealt with timely and efficiently in a courteous and constructive manner.
- Preparation and presentation of reports on appropriate matters and events.
- Embrace and support a risk-based approach, including ongoing triage of work efforts and resources to achieve completion of highest priorities.
- Lead by example to ensure enhancement of a high performance, inclusive and diverse culture.
- Carry out such other duties as may be delegated; these may involve matters outside of the parameters set out above from time to time.
Key Skills and Experience
- Hold a relevant professional qualification.
- Proven experience in leadership and managing teams.
- Extensive relevant industry experience in an operational, regulatory, compliance, insurance, risk or audit/accounting role.
- Experience of working for a financial services regulator - desirable.
- Proven ability to build and maintain working relationships with stakeholders at all levels including the ability to influence and negotiate.
- Ability to work under pressure, manage/oversee individual and team workloads of varied complexity, to manage competing priorities and to deliver against deadlines.
- Ability to prepare, lead and conduct meetings with senior stakeholders both internally and externally including dealing with difficult/contentious issues and having the ability to challenge on these.
- Strong analytical skills, ability to quickly and accurately assimilate information.
- Quote job ref: 16713
- #J-18808-Ljbffr
Senior Manager - Non-Life Insurance in Douglas employer: Search-Select LTD
Search-Select LTD is an excellent employer, offering a dynamic work environment on the Isle of Man where compliance and risk management are at the forefront of business operations. With a strong focus on employee growth and development, we provide opportunities for professional advancement while fostering a collaborative culture that values integrity and innovation. Join us to make a meaningful impact in a thriving industry and enjoy the unique advantages of working in a picturesque location.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager - Non-Life Insurance in Douglas
✨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.
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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 Search-Select LTD). 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 Search-Select LTD. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Manager - Non-Life Insurance in Douglas
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 Search-Select LTD.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Search-Select LTD. 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 Search-Select LTD
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Search-Select LTD 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 Search-Select LTD, 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 Search-Select LTD'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.
