Finance Specialist - Insurance
Posted 3 days ago by Morrisons
Negotiable
Undetermined
Undetermined
Bradford, England, United Kingdom
Summary: The role of Insurance Specialist at Morrisons involves managing claims recovery portfolios and assessing insurance cover to minimize financial impacts on the business. The position requires collaboration with various stakeholders and a focus on strategic improvements and operational excellence within the insurance and risk function. Candidates should possess strong communication skills and a solid understanding of the insurance market, along with technical proficiency in data analysis. This role is integral to driving performance and enhancing business processes in a fast-paced environment.
Key Responsibilities:
- Owning the processes and performance of portfolios for claims recovery, including the negotiation of settlements.
- Assessing the cost and benefit of changes to insurance cover and identifying opportunities to reduce P&L risk.
- Establishing processes for timely and efficient delivery of information for claims recovery while maintaining strong financial controls.
- Developing and maintaining periodic reports, data analysis, and dashboards to show performance and drive continuous improvement.
- Working closely with insurance brokers, insurers, solicitors, and internal teams to achieve objectives.
- Providing expert guidance on active insurance cover and acting as a trusted advisor.
Key Skills:
- Strong understanding of the insurance market and terms of cover; preferably holding a qualification such as CII or IRM.
- Experienced in advanced applications such as Excel and Google Sheets.
- Proven ability in stakeholder management and performing cost/benefit analysis of insurance cover.
- Excellent numerical skills and ability to articulate financial data clearly.
- Ability to deliver high standards and meet deadlines in a complex, time-pressured environment.
Salary (Rate): undetermined
City: Bradford
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Other
We’re on the lookout for an Insurance Specialist to join our Finance team at Morrisons. Do you want to be part of our growth and success? Together, we tackle business challenges, enhance our performance, and unlock the true potential of our data to drive forward the insurance and risk function. We have exciting opportunities to join an expanding area of the business and play a pivotal role in identifying and delivering changes to business processes and controls to mitigate the total cost of risk. These roles are fast-paced, and you’ll be at the heart of decision-making, using data and influence to make improvements and change!
As a member of our team, you will take ownership of claims recovery portfolios and the assessment of insurance cover, delivering against objectives to minimize financial impacts on the business.
You’ll be responsible for:
- Risk & Claims Management: Owning the processes and performance of portfolios for claims recovery, including the negotiation of settlements.
- Strategic Improvement: Assessing the cost and benefit of changes to insurance cover and identifying opportunities where insurance may reduce P&L risk.
- Operational Excellence: Establishing processes that ensure the timely and efficient delivery of information for claims recovery while maintaining strong financial controls.
- Data & Reporting: Developing and maintaining periodic reports, data analysis, and dashboards to show performance and drive continuous improvement.
- Stakeholder Collaboration: Working closely with insurance brokers, insurers, solicitors, and internal teams like Health & Safety to achieve objectives.
- Expert Advice: Providing expert guidance to the business on active insurance cover and acting as a trusted advisor.
About You
So that you are set for success, we are looking for self-starters who are exceptional communicators with the ability to influence at all levels. You will work as part of a versatile team with a can-do culture, so it’s important that you are tenacious and strive for excellence. We are also looking for the following:
- Insurance Expertise: A strong understanding of the insurance market and terms of cover; preferably holding a qualification such as CII or IRM.
- Technical Skills: Experienced in working at an advanced level in applications such as Excel and Google Sheets.
- Experience: Proven ability in stakeholder management and experience performing cost/benefit analysis of insurance cover.
- Analytical Thinking: Excellent numerical skills and the ability to articulate financial data in a clear, transparent way.
- Adaptability: The ability to deliver high standards and meet deadlines in a complex, time-pressured environment.
About The Team
Feeding the Nation and making sure people can get the food they need wouldn't be possible without our incredible support functions. Our Insurance team manages a total spend of over £30m per annum, where risk management activity directly influences the P&L. What makes our business unique is that we don't just sell food—we make it too, meaning we work alongside manufacturing teams as well as external suppliers. It's busy, it's fast-moving, it's ambitious, and it's an incredible place to work, right at the heart of Morrisons.
About Us
Our modern Head Office, Hilmore House in Bradford, is home to our different support teams. This is where decisions are made and our corporate teams make sure everything runs smoothly. Here, you’ll find comfy breakout areas, a coffee shop, and a subsidised restaurant—all with free parking.
Some of the benefits you can expect include: 15% colleague discount in our stores and online, plus an additional 10% card for a friend or family member. Annual bonus scheme. Generous holiday entitlement and company pension contributions. Private healthcare. Perks with over 850 retailers.