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Commercial Fronting Manager

Employer
HFG
Location
England, London, City of London
Salary
Negotiable
Closing date
12 Apr 2024
Reference
CFM001

View more

Sector
General insurance
Contract Type
Permanent
Hours
Full Time

Job Details

New Vacancy - Commercial Fronting Manager
Salary - £80,000 - £100,000
Global Insurer
City of London / Hybrid

HFG are currently recruiting for a leading insurer who are seeking a Commercial Fronting Manager on a 12 Month FTC basis to cover maternity.

My client is looking for an insurance professional with a background in delegated underwriting or underwriting process improvement. The role will entail managing a team of 25 and exploring how they are delegating authority, performance management and how risk is managed.

Key Responsibilities

  • Lead technical negotiations with potential new fronting partners to establish commercial terms and conditions, working closely with Business Solutions and Legal teams to document agreements.
  • Develop processes to ensure prompt sharing of agreed terms with relevant departments.
  • Serve as primary contact for all fronted agreements within the business.
  • Annual renegotiation of T&C's with existing partners and captive contracts to secure competitive rates for customers.
  • Identify and mitigate key commercial risks, implement controls, and monitor risks continuously.
  • Initiate commercial audits, conduct reviews, and improve processes following issue identification.
  • Establish and maintain robust processes to ensure contractually agreed prices are accurately reflected in premium rates for Finance payment.
  • Experience of managing insurance fronting and/or binding authority contracts within the Insurance industry.
  • Ensure compliance with group governance standards for fronted and captive contracts, drawing on experience in insurance industry contract management.
  • Proven track record of successful contract negotiations and risk management, with experience in a complex global financial services organization.

Company

HFG is an award winning international recruitment consulting firm that provides specialist professionals to leading General Insurance, Life, Reinsurance, Pensions and Management Consultancy firms. 

Since our formation in 2002 we have sought to provide a market leading recruitment service which challenges the gap between large agencies broad capabilities, and executive search companies’ levels of service.

Regarded by our clients and candidates as industry experts, we deliver solutions to the global insurance marketplace where we specialise in actuarial recruitment.

Led by a number of ex-industry professionals, our consultants have shown a long-term commitment to their defined markets. 

The provision of considered advice based on deep market knowledge is central to our business model. 

You will regularly find HFG at industry events and conferences including GIRO, Life, Momentum, Health, Care & Protection and Joint Risk, Investment & Pensions.

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