Insurance Senior Manager Job Description
Insurance Senior Manager Duties & Responsibilities
To write an effective insurance senior manager job description, begin by listing detailed duties, responsibilities and expectations. We have included insurance senior manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Insurance Senior Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Insurance Senior Manager
List any licenses or certifications required by the position: CPA, US, ID, ACCA, CA, PMP, GB, LSS, WFT, PEGA
Education for Insurance Senior Manager
Typically a job would require a certain level of education.
Employers hiring for the insurance senior manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Accounting, Finance, MBA, Management, Computer Science, Engineering, Graduate, Economics, Technical
Skills for Insurance Senior Manager
Desired skills for insurance senior manager include:
Desired experience for insurance senior manager includes:
Insurance Senior Manager Examples
Insurance Senior Manager Job Description
- Establish, monitor and evaluate policies and procedures to mitigate regulatory, legislative and operational risks impacting the business
- Accountable for maintaining line of sight on impact of annual review of assumption and model changes for all lines of business on a quarterly basis, monthly review of reported liabilities to ensure completeness
- Lead the development of Creditor product strategies and integration plans to achieve increased penetration, retention and cross-sell objectives
- Support the alignment and integration of Creditor within Canadian Banking
- Accountable for Creditor short term and long term strategic and financial plan
- Provide thought leadership and spot opportunities to further align the Creditor client, product and marketing strategies focusing on achieving key metrics
- Provide leadership and coaching to Product Management and cross functional teams
- Apply structured methodology and manage identified business efficiency initiative
- Support and engage senior leaders and business sponsors
- Establish, lead and motivate the project team on the delivery of reengineering and other efficiency enhancement projects according to agreed time and cost estimates
- Experience in planning and implementing a Strategic Supplier Procurement solutions for Insurance Claims, is an asset
- Experience in negotiating contracts, Statements of Work (SOWs) and related pricing structures, , a strong understanding contractual terms and conditions to reduce risk and deliver a high value deal
- Relevant VAT experience (ideally within Insurance market)
- Technical accounting knowledge of non-life or life insurance accounting and IFRS in general (specific knowledge of IFRS 4 Phase II would also be beneficial but not a prerequisite as you will develop this over time)
- Strong insurance market knowledge and experience (gained either from industry or consulting)
- Ideally educated to degree level with ACA (or equivalent) or CFA qualified/part qualified
Insurance Senior Manager Job Description
- Coordinate with the legal team to ensure products and agreements adequately protect the company, resolve any legal disputes and ensure that regulatory compliance is maintained
- Build and maintain relationships with key product partners, negotiate contracts, evaluate emerging products and ensure that data acquisition is accurate and updated in a timely manner
- Create & lead the development and implementation of product strategies increasing penetration, profitable growth and service excellence
- Create marketing and distribution strategies with senior banking partners in business banking and Commercial to complement and coexist with banking execution strategies
- Experience implementing other CRM platforms (SAP CRM, Oracle Sales Cloud, Salesforce.com, Microsoft Dynamics, etc) or CPQ technologies (Big Machines, Apttus, Cameleon)
- Lead and Manage key relationships within Canadian Banking, such as Role, Performance Management and Performance Strategy
- Providing leadership and developing managers and junior team members to reach their potential
- Lead management consulting business development by articulating distinctive points of view on the P&C industry
- Develop P&C related IP, tools and assets that leverage trends in product development, distribution, marketing and operations
- Dive new SMAC offerings working with our digital COEs to enhance the P&C value chain
- University degree or diploma (major in business management)
- Experience in leading audits of insurance and/or investment management companies
- Creates a framework by which all client experience measurement sources are combined to provide a complete and integrated view of client experience (Market Probe, JD Power, Net Promoter, Brand Equity )
- Analyze what inputs / factors drive the experience and identify key drivers/ opportunities
- Investigates and quantifies the financial benefit and impacts of improving our client experience
- Investigate opportunities to continuously improve our client satisfaction surveys (method & timing)
Insurance Senior Manager Job Description
- Define the go to market strategy for Payments, Portals and Document Managment Product Management and Identify vendors and partners to accomplish this strategy
- Management of all day-to-day aspects of the Payments, Portals and Document Management product line(s) including product management, product marketing, product development, business analysis, account management, operations
- Provide regular communication to and taking direction from the divisional president
- Provide executive leadership to the employees within the product family
- Contribute to and communicate objectives and goals of the team
- Participate in Payments, Portals and Document Management product marketing activities including value proposition refinement, pricing strategies, promotions, presentations, advertising, speaking opportunities and testimonials
- Lead team members in technical, business and data analysis to improve the product offering
- Lead Product Marketing Committee meetings and fully report to senior management all opportunities and threats on a monthly basis
- Work across divisions to ensure high quality integration between Payments, Portals & Document Management and the company’s other product families
- Assist senior management with due diligence on acquisition opportunities related to the product line
- Builds relationships and processes with external partners to objectively measure the client experience and benchmark against industry and non-industry competitors
- Works with the business to discuss the possible outcomes of client measurement sources (and determines next steps)
- Champions client experience results and recommended actions, across all teams in RBCI through organizational awareness, impact, influence, communication and strong leadership
- 5+ years leadership and/ or people management
- Above average ability with Microsoft Suite, particularly excel and PowerPoint
- Substantial and relevant insurance experience
Insurance Senior Manager Job Description
- Maintain accurate loss information and prepare reports, as needed, for applications, claim reviews, actuarial analyses and other risk management purposes
- Serve as a liaison between finance and the business by establishing and communicating policies and procedures and maintaining open active lines of communication
- Assist in training and supporting other project managers and novice Scrum Masters
- Supporting management in the identification of risks, assessment of controls and design of efficient, innovative and commercial strategies to address control gaps and manage risks within appetite
- Leads the planning, budgeting and financial reports including Profit and Loss statements, compensation ratios, labor ratios, margin maintenance, revenue, Operations RPE reports, and New and Lost Business reports
- Utilize strong analytical skillset to establish and evaluate metrics and performance benchmarks for marketing communications programs
- Creates and implements innovative internal and external communications programs utilizing a variety of media including direct mail, email, brochures, Web and print media
- Responsible for daily collaboration and information sharing with other Marketing stakeholders
- Occasionally manages outside vendors in developing and supplying communication tools, such as brochures, direct mail letters, materials for special accounts, videos, Ensures projects are completed within the desired budget, schedule and quality limits
- A background in Insurance Strategy
- Develop an in-depth understanding of the Creditor product, the associated business operations and leverage data analytics partners for a solid understanding of customer demographics, behaviours, needs, to assist in identifying further business opportunities
- Manage internal and external service providers (IT, operations, legal, compliance, marketing ) to ensure the product meets TDBFG and regulatory objectives and standards
- Facilitates innovative insurance solutions
- Develop and maintain strong working relationships with business, partners, digital planning, and key stakeholders including Technology, Marketing, TRIMIS and 3rd party service providers
- TDBFG representative both internally and externally with vendors, retailers and other financial service providers
- Thorough understanding Wealth and Insurance
Insurance Senior Manager Job Description
- Ensuring that all products a fully compliant
- Innovating to impress our clients and partners
- Improving the performance and efficiency of end-to-end processes that affect distribution
- Develop the Group’s insurance strategy (policies, coverage, limits, deductibles, exclusions, ) with a view to maintaining competitive premiums (and brokerage fees / commissions) and adequate coverage of the Group’s risks in the light of the changing risk profile of the Group
- Manage / conduct any insurance and risk related assessments
- Undertake any other responsibilities / duties as assigned by the Risk Management Committee and the Head Group Risk Management
- Financial & Insurance risk management advice – be alert to financial & insurance risk events, trends and emerging issues and provide thought leadership, advice and guidance to business teams and relevant committees in addressing regulatory and ERM / business led initiatives
- Translate results into meaningful solutions to enhance decision making
- Present results to various levels of leadership and influence key decisions that have business unit or enterprise impact
- Oversee and manage the Insurance Retail business development through Individual Agents
- Understanding of Digital Online Wealth Platforms both CDN and the US
- Proven people management skills, with a strong ability to effectively lead diverse teams through the use of development training, coaching and ongoing performance management
- Negotiation and influencing strengths - proven interpersonal and relationship management skills, detail-oriented with the ability to follow up on items or determine appropriate steps for timely resolution
- Strong change management and stakeholder management skills
- Degree qualified, preferably in Business, Finance, IT/Engineering or related disciplines
- Develop integrated baseline project plans, manages issues, risks and mitigation plans, provides weekly detailed status reporting and input at stakeholder and project meetings