There’s never been a more exciting time to join National Grid!

As a nation, we’re working towards the goal of net zero carbon by 2050 and we’re committed to helping Britain reach this target by building a cleaner, greener energy system. But we can’t do this alone. We're looking for people who are brimming with enthusiasm and bursting with ideas to help us build and run a cleaner energy system for the future. Are you up for the challenge?

As an Insurance Officer, you’ll support key activities in defining and delivering the overarching insurance strategy for National Grid and provide insurance, claims and risk management advice and support.

Working closely with our Group Insurance Manager you’ll oversea the data and analysis that supports the annual (re)insurance renewal activity to deliver efficient risk transfer solutions across the Group.

You’ll provide insurance and risk advice for new projects and technologies as required and be responsible for identifying insurable risks opportunities and cost-effective insurance solutions.

This role will be based out of The Strand, and we’d hope to see you at least two days per week but you’re welcome to be in the office more often if that would work best for you. We’re happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you!

What You’ll Do:

• Input to (re)insurance strategies and solutions for designated areas of coverage as it applies to the purchase of insurance coverage, (re)insurance brokers, claim administrators and other services to support the insurance programmes.
• Lead on (re)insurance renewal processes and activities as required.
• Input to Risk Registers, draft controls and compliance returns.
• Collection and analysis of data to support insurance activities.
• Review and negotiate contractual insurance obligations placed on the organisation.
• Ensure insurance risks are managed and reported to appropriate forums effectively.
• Provide support to the Group Insurance Manager in day-to-day interactions with the group’s captive insurance companies.
• Provide insurance advice to businesses and stakeholders.
• Maintain an up-to-date knowledge of insurance market influences and developments and share across the team.
  

What You’ll Have:

• Experience within the insurance and risk management profession with a solid understanding of the global insurance market.
• Knowledge of Insurance fundamentals and the usual lines of coverage purchased by a company of this size and nature with a detailed understanding in some of these classes.
• Data Management/ Compliance experience
• Experience working on Risk Registers would be ideal but not essential
• Excellent communication skills as will have interfaces a variety of internal and external stakeholders.
• An ability to critically review diverse sources of information and data, draw conclusions and produce compelling insurance and claims analysis, reports, presentations, and strategies.
• Proactive and a self-starter
• Ability to collaborate and work as part of a team.

Don’t meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we are committed to building a diverse, inclusive, and authentic workplace for everyone. So, if you’re excited about this role but your experience or qualifications don’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one.

What You'll Get:

Up to £55,000 depending on experience

Plus:

• Annual Bonus and annual salary review.
• Competitive contributory pension scheme (we double-match your contribution to a max company contribution of 12%
• 28 days holiday (plus the opportunity to buy more each year)
• Life Insurance at 10 x your basic salary.
• Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave – relevant to your role.
• Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
• Access to apps which support health, fitness, and wellbeing.
• Career development, ongoing training and support, career progression and plenty of opportunity to progress.

Further Information:

This is a hybrid working role from our Strand office with circa 2 days per week in the office. The closing date for this vacancy is Midnight 2 April ‘24, with interviews due to take place w/c 8 April onwards. We encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.

About Us:

Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.

Inclusion and Diversity is not just about race, ethnicity, gender, or sexual orientation. It is about our employees who wake up every day to serve our 20 million customers. At National Grid, we aim to create an environment where everyone is welcomed for who they are and where our differences are not only accepted but are celebrated. We understand the value that a diverse team can add to our organisation and that is why we model inclusive behaviour starting with senior leadership. National Grid utilises the insights of our employees that come from all different cultures, backgrounds, and beliefs to better serve our customers and communities who are in the fore front of everything we do.

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