Group Insurable Risk Manager

Job title: Group Insurable Risk Manager

Location: Frimley – We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role

Salary: £60,000 to £70,000 depending on experience plus executive benefits

What you’ll be doing:

• Interacting with a number of business units and stakeholders to enable a good understanding of the business environment, products and services to inform the development and delivery of the Company’s global insurable risk strategy

• Supporting Insurable Risk Contacts and stakeholders based in business units to help them with a range of insurance related questions or issues and develop GIR’s understanding of the group’s ever changing insurable risk profile, including identification of material circumstances ensuring that these insights are captured by the business units in their ‘risk story’ submissions to insurers thereby complying with the Insurance Act 2015

• In conjunction with Head of Insurable Risk Identification and relevant business unit Finance Directors determine and agree annual key business objectives aligning to the business units and GIRs strategy. Support the Insurable Risk Contacts in achieving the agreed annual key businesses’ objectives as well as emerging issues from the business operations

• Working closely with the business units or corporate functions to support appropriate commercial and supplier arrangements that need to be in place to compliment preferred risk positions and ensure the insurance programme managed by GIR responds in the event of a loss through:

1. Supporting appropriate contractual risk management assessment with the business units including provision of appropriate training programmes.

2. Support the business units by helping to negotiate preferred risk and insurance provisions in contracts e.g. indemnities, waivers and caps on liability with customers and or suppliers and agreeable insurance clauses.

• Providing support to all members of Group Insurable Risk and the wider BAE Systems Insurable Risk contacts and participate in specific insurable risk projects and other work streams that enhance Group Insurable Risk’s capability or performance on an as required basis

Your skills and experiences:

Essential:

Sound understanding of insurance technical issues: application of policy wordings, insurable risk management techniques and contractual risk management

• Knowledge of contractual risk management including insurance, liability and indemnity positions that can be accepted under contract and those aspects which are onerous or unacceptable

• Good understanding of the insurance market; the structure, and ability to understand BAE Systems’ key strategic relationships, customers and suppliers

• Sound understanding of insurable risk management operations of GIR to enable you to speak about insurance, premium allocation, claims, asset valuation and loss prevention to inform Finance Directors and other key stakeholders as identified

• Ideally you will have associated qualifications within insurable risk however this is not essential

Benefits:

As well as a competitive pension scheme, BAE Systems also offers employee share plans, an extensive range of flexible discounted health, wellbeing and lifestyle benefits, including a green car scheme, private health plans and shopping discounts – you may also be eligible for an annual incentive.

The Group Insurable Risk Team:

This role sits within the Group Insurable Risk function, part of the of the Head Office business within BAE Systems. The role will provide you with the opportunity to work across a large, international and diverse portfolio.

As a Group Insurable Risk Manager, you will be responsible for supporting the delivery of the Company’s Group Insurable Risk strategy through understanding the Group’s insurable risk profile to optimise the purchasing of appropriate insurance policies and associated risk management programmes. You will typically be responsible for identifying and understanding the risk profile of the assets, liabilities and people exposures for a large portion of the group through proactive structured engagements, providing adhoc insurance advice to business units, manage relationships with stakeholders and advising on risk in contracts to bring about preferred contracting positions for the Company.

Why BAE Systems?

This is a place where you’ll be able to make a real difference. You’ll be part of an inclusive culture that values diversity of thought, rewards integrity, and merit, and where you’ll be empowered to fulfil your potential. We welcome people from all backgrounds and want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder etc.) that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

Closing Date: 15th September 2025

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

#LI-Hybrid

#LI-PD1