Insurance Engagement and Management Lead

Insurance Engagement and Management Lead

Intro

We have an incredible opportunity for an Insurance Engagement and Management Lead to join our Enterprise Risk team on a fixed term basis, for a period of 12 months, based in either the London or Darlington office (hybrid based).  

Who we are

Railpen is responsible for the safekeeping and investment of around £34 billion in assets and the administration of several pension schemes, including the Railways Pension Scheme, one of the UK's largest and longest established pension funds.

Our heritage of looking after the pension needs of the rail industry and its employees gives us our name and our unique outlook on how we serve our members. Railpen takes a holistic view, focusing on how we serve members today and how we can positively impact the communities and the world they will retire into.

To learn more about Railpen including our values, culture and purpose, visit our LinkedIn Life page here

The role

This role will look to lead on creating, embedding and maintaining an Insurance Framework across Railpen. As the SME, you will oversee Insurance arrangements, ensuring we have adequate cover in place to manage our risk and provide robustness in the decisions we are taking. This role will require you to work closely with the brokers, ensuring policies and premiums are appropriately sized to ensure adequate cover and value for money.

This role is not eligible for visa sponsorship. Applicants must have the legal right to work in the UK.

The person

We are looking for someone who has experience in creating and embedding a robust Insurance framework including documenting the process and procedures to follow. You will have comprehensive insurance knowledge and the ability to horizon scan to understand how insurance policies may be impacted by potential internal and external risks and use this to inform on decisions when selecting cover. As the SME for insurance within Railpen, you’ll be comfortable in presenting and reporting at various internal forums, including risk committees on our insurance cover and active claims.

The successful candidate will look to build effective relationships with the Enterprise Risk team, external vendors and internal stakeholders across Railpen. You will possess excellent communication skills (written and verbal) to allow for reporting to ExCom and Committee presentation on the insurance strategy and model. The ability and desire to constructively challenge existing coverage is fundamental to ensure Railpen are getting clear value for money. You will demonstrate excellent attention to detail in the context of administration of insurance including claim notification to insurers and the annual renewal. A willingness and ability to work independently to help define what good looks like when developing and an insurance framework and supporting policies within Railpen is key.

Our values of integrity, community and alignment are the guiding principles that influence our behaviour. They help us make decisions and shape our relationships with others. They’re what we stand for. You will actively demonstrate our values, helping to create a safe environment, to place the needs of the community above oneself and, through a culture of ‘fair challenge’, align to the best interests of our members. 

What we can offer youRewarding you

• A competitive salary

• 28 days annual leave, plus bank holidays

• We provide a Defined Contribution pension scheme

• Colleague referral scheme

Heath & Wellbeing

• Employee assistance programme

• Health cash plan

• Eye care vouchers

• Flu vaccination

Lifestyle

• Give as you earn scheme

• Paid volunteering days

Next Steps

Please apply for the apply button or visit Careers Page by 17th March 2025.

Railpen is committed to creating an inclusive and diverse environment, we value diversity and welcome people from all backgrounds and walks of life