HSB are currently seeking an experienced Non-Executive Director, preferably with experience of working in a complex corporate structure.
To be successful in this role you will demonstrate a strong track record of achievement in more than one organisation at a senior level. Previous experience of working in the Insurance sector is essential for this opportunity. The ideal candidate will be commercially astute, ideally with operational or service delivery experience and the ability to evidence successful execution.
Time Commitment:
Approximately 25 days per year which includes four meetings each of the HSBEIL Board, Audit Committee and Risk Committee, as well as two Remuneration and Nomination Committee meetings each year.
The role played by an iNED of HSBEIL is to:
- Recognise HSBEIL’s position within the wider corporate structure and provide leadership of the Company within a framework of prudent and effective controls which enable risk and opportunities to be assessed and managed;
- Facilitate the collective achievement of the Company’s strategic aims and financial targets, having due regard to the strategic framework of the wider HSB/Munich Re Group within which HSBEIL operates, oversee the executive directors in ensuring that the necessary financial and human resources are in place for the Company to meet its objectives, and review management performance; and
- Safeguard the good name and values of the Company and ensure that its obligations to the regulator and other appropriate parties/stakeholders are understood and met.
The core functions of the iNED of HSBEIL, among others, include:
- Provide independent judgment, constructive challenge and advice on the company's strategic plans
- Offer insights on market trends, changes to the regulatory landscape, and the competitive landscape.
- Ensure that HSB EIL adheres to high standards of corporate governance by providing independent oversight.
- Ensuring HSBEIL fulfils its obligations under the Consumer Duty by putting the customer at the centre of its decision making
- Act as a sounding board and mentor for the executive team.
- Monitor the organisation’s financial performance against targets and adherence to key control framework
- Attend and contribute to quarterly Board and Committee meetings, offering your expertise to guide strategic decisions.
The person specification
Motivation and values
- Have empathy with, and subscribe to, the Vision and Values of HSB and Munich Re
- Exhibit through actions the highest ethical credentials — the Non Executive must be beyond reproach
- Shows respect for the confidentiality of discussions and the views of others
- Demonstrates commitment to building an equitable and inclusive work environment and forum where all members of Board/Committees feel able to express their views
Knowledge and experience
- Experienced Non Executive, preferably with experience of complex global corporate structures
- Track record of achievement in more than one organisation at a senior level with no disciplinary history
- Experience of the property insurance sector is essential
- Commercially astute, ideally with operational or service delivery experience and demonstrable evidence of successful execution
- Ideally holding already holding or have recently held Approved Person status with the Regulator
Skills
- Demonstrable credibility through breadth of experience, vision, and interest
- Relevant intellectual ability to enable consideration of complex issues
- Attention to detail and a sound strategic thinker with the ability to challenge constructively
- The ability to make independent balanced analytical assessments
- A pragmatic approach to decision making with the flexibility to react effectively to changing circumstances
- Open and honest when communicating, with excellent relationship management skills
Personal qualities
- Ability to master a brief quickly
- Judgement, considering information, reasonable assumptions, alternative views, the ethical dimension, and other evidence before facilitation of a decision
- The ability to operate in a consultative and coaching style that encourages a challenging and questioning approach to the issues and to achieve results through a partnership approach rather than an adversarial one
- Appreciation of the role of a Non-Executive Director as it relates to a wholly owned regulated subsidiary of a large global group
- Excellent communication skills, both oral and written
Application Process:
The full candidate briefing pack will be made available to those who meet the minimum criteria for the role. Please complete the online registration form. Further details can be found here: iNED | UK & Ireland | HSB (munichre.com)
Please note that the closing date for this role will be 12:00 on Monday 30th September applications will not be considered after this time.
At HSB Group Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to our Senior Talent Acquisition Lead.