At a Glance
- Tasks: Lead the global insurance strategy and manage complex relationships across the Group.
- Company: Join Starling, a disruptive tech bank transforming how people manage their money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and a supportive work culture.
- Why this job: Make a real impact in a fast-paced environment while shaping the future of banking.
- Qualifications: Significant experience in commercial insurance management and strong relationship skills required.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
The predicted salary is between 43200 - 72000 £ per year.
Hello, we’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We employ more than 3,500 people across our London, Southampton, Cardiff and Manchester offices.
Reporting to the Deputy Company Secretary, we’re seeking a Senior Insurance Manager to lead the Group's global insurance strategy, management, renewal and claims handling across all Group entities. Within our rapidly evolving, growth-stage business, you’ll ensure that the Group maintains appropriate insurance coverage aligned to business needs, strategic growth initiatives, operational risk appetite and contractual requirements. You’ll also act as the global insurance subject matter expert and primary point of contact for all internal stakeholders, brokers and claims service providers.
This is a FTC maternity cover role requiring an experienced insurance professional who can operate autonomously, manage complex relationships and maintain a robust control environment.
Key Responsibilities:- Lead the end-to-end management of the Group's global insurance programme, including D&O, PI, Cyber, Crime, Property, Public Liability and other relevant lines.
- Plan, lead and execute our annual Group insurance renewal, ensuring timely submission of quality underwriting information and alignment to strategic needs.
- Proactively assess and implement insurance coverage necessary to support the Group's growth initiatives, including those related to international expansion and M&A.
- Review, evaluate and recommend insurance structures, limits, deductibles and wording in line with risk appetite and commercial efficiency.
- Manage global broker partnerships and maintain oversight of broker service performance.
- Monitor insurance market developments and regulatory/industry trends, advising senior stakeholders and committees as appropriate.
- Act as the central point of contact for all insurance matters across the Group, ensuring effective engagement with our Finance, Legal, Risk, Technology and People teams.
- Provide internal education and training to elevate understanding and implementation of insurance best practices and foster a culture of proactive risk management and informed insurance decision-making.
- Prepare and present papers to relevant governance committees / Group boards as required.
- Ensure insurance documentation, schedules and certificates are maintained, stored appropriately and remain up to date.
- Support contractual negotiations by advising on insurance requirements, including reviewing indemnity and liability provisions in corporate and supplier agreements.
- Lead the management of all claims and potential claims, engaging with insurers, brokers, internal teams and legal advisers, as required.
- Support incident response processes and scenario planning, where insurance policies may be triggered (e.g. cyber events), ensuring timely notification and effective claims progression.
- Maintain claims records, insurer notifications, reporting and MI for senior management and governance committees.
- Ensure insurance risks are appropriately identified, assessed and documented in Group risk management frameworks.
- Maintain internal controls relating to insurance policies, claims processes and financial reconciliation of premiums and recoveries.
- Significant experience in commercial insurance management, preferably in a financial services environment (banking, fintech or insurance) with demonstrable experience navigating multi-jurisdictional and evolving insurance requirements.
- Robust working knowledge of D&O, Cyber, PI and Crime policies, including relevant regulations, market norms and policy structures.
- Demonstrable experience leading insurance renewals, negotiating with brokers and underwriters, and managing claims.
- Ability to operate with a high degree of autonomy and exercise sound judgement.
- Excellent relationship management and communication skills, with proven ability to articulate complex insurance and risk management concepts to diverse audiences, including advising senior stakeholders.
- Robust analytical and organisational skills, with meticulous attention to detail.
- Confident, calm and credible, able to work effectively with senior leadership.
- Demonstrable commercial and risk management awareness, and a pragmatic approach to decision-making.
- Highly organised, proactive, adaptable and able to manage multiple priorities.
- Commitment to maintaining high standards of accuracy and governance.
- 25 days holiday (plus take your public holiday allowance whenever works best for you).
- An extra day’s holiday for your birthday.
- Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off.
- 16 hours paid volunteering time a year.
- Salary sacrifice, company enhanced pension scheme.
- Life insurance at 4x your salary & group income protection.
- Private Medical Insurance with VitalityHealth including mental health support and cancer care.
- Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton.
- Generous family-friendly policies.
- Incentives refer a friend scheme.
- Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks.
- Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing.
Starling is an equal opportunity employer, and we’re proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling are considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law.
Senior Insurance Manager in London employer: Starling
Contact Detail:
Starling Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Insurance Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and banking sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Starling’s culture and values. Think about how your experience aligns with their mission to reshape banking. Be ready to share specific examples of how you’ve led insurance strategies in the past.
✨Tip Number 3
Showcase your expertise! Create a portfolio or presentation that highlights your achievements in insurance management. This could include successful renewals, claims handling, or innovative risk management strategies you've implemented.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Starling. Let’s make banking better together!
We think you need these skills to ace Senior Insurance Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Insurance Manager role. Highlight your experience in commercial insurance management and any relevant skills that align with our needs. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're excited about working with us at Starling and how your background makes you a perfect fit for this role. Be genuine and let your personality come through.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've successfully managed insurance renewals or claims in the past. We love seeing quantifiable results that demonstrate your impact.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our mission to reshape banking!
How to prepare for a job interview at Starling
✨Know Your Insurance Stuff
Make sure you brush up on your knowledge of D&O, Cyber, PI, and Crime policies. Be ready to discuss how these relate to the role and the specific needs of Starling. Showing that you understand the nuances of these policies will impress the interviewers.
✨Showcase Your Relationship Management Skills
Prepare examples of how you've successfully managed relationships with brokers and internal stakeholders in the past. Highlight your communication skills and ability to articulate complex insurance concepts clearly, as this is crucial for the role.
✨Demonstrate Your Autonomy
Since the role requires a high degree of autonomy, be ready to share instances where you've taken initiative and made sound decisions independently. This will show that you can handle the responsibilities that come with being a Senior Insurance Manager.
✨Be Ready for Scenario Questions
Expect questions about how you would handle specific insurance scenarios, such as claims management or risk assessment. Think through potential situations beforehand and prepare your thought process on how you'd approach them, demonstrating your analytical skills.