Description
My local authority client is looking for a Corporate Risk and Insurance Manager to manage the provision of an effective risk management and insurance service with the finance and governance department. To formulate aspects of the council's financial policies and strategies (strategic risk management and insurable risk financing strategies and report on those issues to senior management team (SMT), strategic directors/chief officer team (COT) or members as needed. To provide expert advice and support to the council/department, its committees, members and senior management on all risk and insurance issues. To attend council-wide working parties as appropriate and to take the lead role on relevant risk and insurance issues emanating from these discussions. To respond to, and take actions as appropriate on, relevant government initiatives. To be responsible for the implementation of, and compliance with, the council's overall regulatory framework and to advise strategic directors and their senior management teams on changes within their departments. To be responsible for the integrity and the integration of risk and insurance information. To be responsible for the production of all relevant statutory accounts. To manage the effective delivery of risk and insurance, and related services supplied to the council by a third party or by any in-house supplier and to take appropriate action to improve the value for money obtained by the council from those suppliers. To ensure that sound financial management systems and procedures are in operation within the finance and governance department. To promote and implement the council's risk management strategy. To implement the council's corporate anti-fraud strategy, in order to protect the council's assets.
Manage the Insurance and Risk budget which currently is as follows: £5 million total budget, which is split as follows: Claims payouts below the excess - £2.4million, Insurance premiums and related costs - £2.6 million, Team costs - £180,000.
Financial closing of the insurance (and risk) accounts that are set up to manage the budget. Following closure, to undertake a financial outturn analysis and to make the decisions to move to and from the appropriate reserves and provisions that are set up in the council's accounting structure to meet future liabilities. To liaise with the actuary to ensure that the council's insurance liabilities are adequately covered by its insurance fund.