Job Description
To proactively work with the Claims Senior Management Team, Senior product managers and analysis managers to understand Household & Life claims spend and formulate strategies and initiatives to reduce the costs base- To evaluate and support consolidated and individual strategic financial initiatives as driven by Group or the Assistance function, ensuring that financial projects are structured, well managed and meet the needs of the business
Responsibilities
· Assist with the preparation of the Business Plan for Household & Life within Claims to reflect the strategic needs and opportunities of the Division and to achieve financial targets · Creation and maintenance of Household & Life Spend analysis mapped to current and future cost saving initiatives- Including both internal and market analysis and intelligence- · Proactively lead strategic and performance reviews of product performance with a view to generate significant cost savings · Ensure that key sector plans are prepared and updated and are consistent with the business plan · Regularly report progress against the Business Plan for formal review by the Senior Management Team- Identifying issues, risks and opportunities at a combined project level and recommend solutions · Build and Maintain relationships with Key customers at a senior- · Take a lead in continuous improvement the processes and procedures within the team utilising both internal and external best practice- · Undertake regular, ad hoc project work, produce 'scenario plans' in response to changing circumstances and to continuously identify areas for improvement and potential cost/benefit- · Ensure that cost benefit analyses are undertaken for all Plans prior to Plan sign off by the Senior Team · Provide regular project updates to senior management, to include performance reviews against targets · Manage cross departmental projects from a financial perspective to ensure delivery in accordance with each project plan · Design and deliver financial evaluation models · Focus on costs, process improvements and/or efficiency to contribute to the profitability of RBS Insurance · Develop self and others in order to maximise personal and team contribution to the job · Reinforce the culture and core values of RBS Insurance through appropriate behaviours and actions · To be aware of and comply on an ongoing basis with the rules and requirements of the General Insurance Standards Council (GISC) and any other legal/regulatory/risk management frameworks
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