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Business Interruption Consultant - Home Based

WTW
Posted 10 hours ago, valid for 7 days
Location

Birmingham, West Midlands B27 6QS, England

Salary

£60,000 - £72,000 per annum

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Contract type

Full Time

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Sonic Summary

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  • WTW is seeking a Business Interruption Consultant to provide clients with guidance on Property Damage Business Interruption (PDBI) insurance for full recovery in case of property damage events.
  • The role involves delivering pre-loss PDBI reviews, evaluating clients' financial exposures, and identifying sales opportunities while maintaining strong client relationships.
  • Candidates should have good experience in consultancy or claims roles, proven technical expertise in BI insurance, and experience in various Risk Management disciplines.
  • Strong problem-solving skills, high levels of business acumen, and exceptional communication abilities are essential for success in this fast-paced environment.
  • The position is home-based with travel across the UK, and while specific salary details are not mentioned, candidates should have significant relevant experience.
At WTW, Our risk & resilience advisory team are specialists in enterprise risk management (ERM), information security and cyber risk management, business continuity, crisis and reputational risk management and business interruption. We have representatives across the UK who will be able to work with you to understand your business's complex needs.Learn more: https://en-gb/solutions/services/risk-consulting-practice#BI-exposure-modelling We are looking for Business Interruption Consultant who will be providing clients with guidance on the correct level of Property Damage Business Interruption (PDBI) insurance required to support full recovery of the business in the event of a loss triggered by a property damage event. As a BI Consultant you will be supporting PDBI / Property insurance placement activity across GB Retail. 
  • To combine potential business / financial / operational impacts with sound financial modelling to ensure a realistic assessment of potential losses and impact on insurable gross profit, revenue and cost.
  • Supporting new business opportunities with a focus of driving New New (NN) and New From Existing (NFE) business to drive superior results.
The role is homebased with travel to WTW offices and clients and prospects throughout the United Kingdom (and occasionally overseas) where required. The Role
  • Delivery of pre-loss PDBI reviews to provide clients with a clear understanding of their potential financial exposures in the event of a loss.
  • Consideration of; business activities, inter-dependencies, logistics, supply chains, recovery timeframes and business continuity plans, adequacy of indemnity periods, trading losses related to reduced capacity or efficiency, Maximum Foreseeable Loss (MFL), Estimated Maximum Loss (EML), Normal Loss Expectancy (NLE), Insurable Gross Profit, Increased Cost of Working (ICOW) and Additional Increased Cost of Working (AICOW).
  • Using your expert knowledge in the facilitation of workshop exercises and providing expert advice on BI insurance.
  • Working with GB Retail clients to identify and evaluate their BI exposures and provide constructive challenge where required.
  • Identification of sales opportunities and revenue generation in line with GB Retail budget requirements.
  • Using your expert knowledge and experience to leverage new business opportunities.
  • Maintain a high external and internal profile and work seamlessly with other colleagues within the Risk Management and Account Management teams. 
  • Keep up to date on changing BI and claims methodologies. 
The Requirements
  • Good experience in a consultancy or claims role with a professional services company; experience of working with a large global broker or insurer would be advantageous.
  • Proven technical expertise in BI insurance.
  • Experience in one or more areas of Risk Management disciplines (incl. Business Continuity Management, Enterprise Risk Management, Risk Engineering, Health, Safety & Environmental, Claims Defensibility, Crisis Simulation, Supply Chain Risk, Fleet Risk, Claims / Loss Management).
  • Strong problem solving and reasoning skills with high levels of business and financial acumen and an understanding of company strategy, operating environments and business objectives.
  • Solutions focussed but sensitive to profitability (cost v revenue).
  • Ability to think strategically as well as operationally, leveraging opportunities to promote solutions when appropriate, confidently present in RFPs, and manage expectations of clients, CRDs, bid teams, etc.
  • Exceptional client relationship skills with the ability to influence across a broad spectrum of stakeholders, develop strong relationships quickly, and maximize resources effectively to achieve goals.
  • Proven success working in a fast-paced, high pressure environment and self sufficient.
  • Strong communication, negotiation and influencing skills.
  • High level of credibility.
  • Ability to work with limited direct supervision or as part of a collaborative team. 
  • Strong skills in planning with a clear focus on understanding and exceeding customer expectations.
At WTW, we believe difference makes us stronger. We want our workforce to reflect the different and varied markets we operate in and to build a culture of inclusivity that makes colleagues feel welcome, valued, and empowered to bring their whole selves to work every day. We are an equal opportunity employer committed to fostering an inclusive work environment throughout our organisation. We embrace all types of diversity.Equal Opportunity EmployerYou don't need to have an account in ATS to apply for the jobs. Once you click apply, get started right away by simply using your email. Your profile will be created and kept up to date automatically as you enter details for each of your job applications.

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