Vice President of Insurance

Gerald Group; City Of London; On-site; GBP 100,000 - 130,000; Full time

Job summary

A leading trading company in London is seeking a Vice President of Insurance to oversee risk mitigation products in commodities trading. The ideal candidate will have at least 10 years of insurance experience, particularly with credit risk policies, and will manage all insurance aspects throughout deal implementations. This position requires strong organizational skills, attention to detail, and the ability to build relationships with brokers and financial institutions.

Qualifications

• 10+ years of insurance including experience with credit risk policies required.
• Experience working with commodities trading required.
• Travel required 30% of time.

Responsibilities

• Identify and secure risk mitigation products for the Group.
• Lead insurance deal implementation process.
• Manage claims process across various policies.
• Develop relationships with external institutions.

Skills

Insurance product management

Credit risk management

Relationship building

Attention to detail

Organizational skills

Education

Bachelor's degree

Job description

About the Company:

Gerald Group is one of the oldest and the world’s largest commodity trading companies focused purely on the merchanting of non-ferrous, ferrous, and precious metals, as well as related concentrates and raw materials. For six decades, we have distinguished ourselves as the leading market specialists in the trading of all forms of refined metals and raw materials around the world. We take pride in our well-earned reputation as a dedicated and trusted partner to top-tier miners and processors, industrial consumers, and major financial institutions.

Position Summary:

Gerald Group is looking for a Vice President of Insurance to oversee insurance and related risk-mitigation products for our business. This includes typical products associated with commodities trading as well as structured finance transactions, credit and political risk, mining operations as well as general corporate policies.

The role will be responsible for leading the origination of these products, managing their implementation and monitoring throughout transaction lifecycles. Additionally, the successful candidate will be required to develop strong relationships with brokers, underwriters, and financial institutions to enhance the Group’s presence and capabilities. This position requires close collaboration with internal teams across business development, structured finance, trade finance, legal, trading desks, credit, and human resources.

Responsibilities:

• Identifies, structures, and secures appropriate Risk mitigation products for various exposures of the Group (including credit, pre-export and structured trade finance, political risk, cargo, etc).
• Leads all insurance-related aspects of the deal implementation process (i.e. policy and premium management), conforming policies to deals/contracts, preparation of insurance proposals, amendment to policies, and all other steps required to ensure compliance.
• Lead policy renewal efforts, optimizing costs and coverages where appropriate.
• Managing claims process across various policies
• Coordinates closely with departments managing exposures to ensure risk mitigation requirements of the Group are met by the policies secured in the most appropriate and cost-effective manner.
• Develops and manages relationships with external institutions, including attending industry events, meetings, and presentation preparation as required.
• Special projects and additional responsibilities as required by senior management.

Requirements:

• Bachelor’s degree required
• 10+ years of insurance including experience with credit risk policies required
• Experience working with commodities trading required
• Travel required 30% of time - interoffice travel and transactions specific will both be part of the role
• Highly organized with strong attention to detail
• Ability to work on-site 5 days a week