Managing Director Greenval Insurance Dac

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Managing Director Greenval Insurance DAC

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Managing Director Greenval Insurance DAC

Job Title

: Managing Director Greenval Insurance DAC

Business Unit

: Greenval, Arval

Contract Type

: Permanent

Location

: The Anchorage 17-19 Sir John Rogersons Quay, Dublin 2, D02 DT18

Role

Managing Director Greenval Insurance DAC

About BNP Paribas

At BNP Paribas, we center our values on what drives the company forward.

Our driving forces are Agility, Client Satisfaction, Compliance Culture and Openness :

Agility :

we want to behave more simply to embrace useful innovation and digital transformation

Client Satisfaction :

we believe that our success lies in being the customers' and clients' preferred choice.

We seek to listen carefully to them and work closely with them

Compliance Culture :

We believe in promoting clear rules to foster a strong culture of compliance and ethics

Openness :

We promote open-minded attitudes towards our stakeholders.

We aim for everyone in Group to feel included, to have their say and be empowered

Our strengths are based on four key areas of Stability, Expertise, Responsibility and Good Place to Work :

Stability :

we build upon our solid, long-term oriented management, our diversified and integrated business model and our international footprint

Expertise

: We build upon our recognized and expanding knowledge of our teams

Responsibility

: We build upon our culture of responsibility and integrity to ever better serve the interest of our customers

Good Place to Work

: We foster a stimulating workplace where people are treated fairly and with respect

Greenval

Insurance DAC

is a non-life insurance company specialising in fleet motor insurance.

An Irish company created in 2007 owned by Arval, part of BNP Paribas group.To date, Greenval insures in excess of 980,560 + vehicles; Greenval Insurance offers liability and damage cover specifically designed for the fleet business and is dedicated to customers of the Arval Group.

As part of the BNP Paribas Group, the company is seeking a credible and brand-aware individual that can manage the company's different risks and exposures while delivering an active commercial roadmap on time and within budget.

As part of the Arval group, the MD will be expected to be, or quickly become familiar with, all aspects of operational leasing and insurance as part of same.

Key Responsibilities

Governance, Board & Regulatory Oversight

PCF responsibilities associated with the position.

The role holder's PCF status would be subject to the approval of the regulator.

Active member of the Board and its three committees – Risk, Audit & Investments.

Ensure quality and timeliness of quarterly Board packs and associated deliverables.

Monthly Board reporting on day-to-day results and issues.

Report all incidents, errors and near-misses to the Board / Committees.

Signatory of all major payments & significant contracts in line with Board risk-appetite.

Implement BNPP Group and Board decisions on products, policy, underwriting, accounting and risk management.

Report to and liaise with the Central Bank of Ireland and other international regulators – custody of the SolvencyII model, embed the ORSA model in decision-making.

Strategic Direction & Business Development

Define & cascade Arval's insurance strategy (aligned with "Arval26 & Beyond" plan).

Deliver the Strategic Medium-Term Plan – financial targets (premium volume, fleet insured, profit), solvency limits, BNPP dividend.

Adapt existing offers and create innovative product developments in line with strategy.

Drive insurance product promotion to raise penetration (share of leased assets insured).

Align product & service road-maps with new-mobility trends and driver-safety initiatives.

Represent Arval with partners, prospects and clients on insurance matters.

Financial Management & Performance Monitoring

Ensure the company maintains adequate internal, accounting and financial controls; report to the Board, shareholder and Arval Group as required.

Co-build & validate insurance budgets with country units & Group Finance.

Review total insurance NBI (RR revenues, AXM fees, Greenval income, intermediation revenues).

Monitor KPIs – claim frequency, average cost / premium, claim reserves (OSLR, IBNR), insurance margin.

Ensure consistency of provisioning per Group guidelines.

Verify all insurance programmes comply with local regulations (Insurance Distribution Directive, SolvencyII) & Group standards.

Embed ORSA in decision-making.

Report monthly / quarterly Board packs on financial results, targets and variances.

Risk Management, Compliance & Control

Technical structuring of efficient global & local insurance schemes – full legal & fiscal compliance.

Identify, propose and monitor risk-prevention measures (e.g., climate-change impacts) to limit financial & operational exposure.

Manage & monitor outsourcing activities to ensure quality delivery and minimise operational risk.

Oversee IT / Digital projects to ensure end-to-end insurance process efficiency (distribution ? claims).

Ensure consistent application of Group policies – risk management, provisions, procurement, etc.

Reporting of all incidents, errors and near-misses.

Process Optimisation

Optimize repair & claims-management processes with Global Operations, leveraging digital tools.

Develop Greenval Insurance as an insurance-expertise centre for the Arval Group and support other Arval companies as requested.

Work closely with Corporate Marketing (Products team), Global Operations, IT / Digital, Finance and the Insurance Committee to align strategy, product development and execution.

People, Culture & Stakeholder Management

Take responsibility for deploying the Human Resources strategy – attract, train and retain experts; manage disciplinary and performance issues; balance risk & reward.

Provide mentorship, guidance & best practice sharing to the network of local insurance managers

Leverage excellent stakeholder-management skills- represent the company at Territory level and with external partners, prospects and clients on insurance matters.

Control monthly management reporting including premiums, claims, reinsurance covers, business and risk indicators, etc.

Presentation of the company's budget and its strategy in Paris.

Maintaining systems and controls to ensure adequate backup documentation and audit trails.

Assisting with and managing the relationship with the auditors.

Monitoring compliance with all tax and statutory requirements- keep up to date with all legislative and tax changes.

Bringing a commercial point of view to the financial and actuarial.

Management of various reporting timetables to ensure deadlines are met, including delivery of internal reporting and consolidation reporting towards the Group

Analysis of results and key performance indicators

Contribute to industry expert groups

Own or be willing to create a network that can add value to the company's activities

Qualifications & Experience required for this role

Experience managing mid-sized company, preferably in insurance / financial sector

Proven talent management and leadership skills

Non-life insurance background.

Long tail liability, product launch & design, and motor insurance a clear advantage.

Basic knowledge of finance, accounting, budgeting, and cost control principles.

Proven ability to analyse financial data, statements and projections including actuarial assumptions.

Good written and verbal communication and interpersonal skills in English and another European language.

French is a clear advantage.

Third level qualification and 5- 10+ relevant years of experience.

Active Member of the Insurance Institute of Ireland, Institute of Directors or equivalent

Approved or capable of being an approved CEO / Managing Director under the Fitness & Probity standards (PCF).

Ability and willingness to travel extensively within Europe as required.

Why work with us?

We are a bank for a changing world and aim to build positive change together with our employees

We are a team of passionate people who genuinely care about what we do and the impact our work delivers to our clients.

We operate in a highly collaborative, open-minded environment that embraces innovation and creativity

Our remuneration and benefits packages are generous, with competitive salaries, a discretionary bonus scheme, company pension contribution, comprehensive private healthcare packages, and numerous other benefits

We have a genuine commitment to work-life balance throughout the whole organisation.

We are also committed to equality, diversity and inclusion and actively promote equal opportunities

Development and mobility are actively encouraged.

We are a learning company -where there is real opportunity to grow, develop and expand your skills, experience and career path

We are a global company operating in over 60 countries with over 180,000 employees from over 150 nationalities.

In Ireland we have approximately 550 employees across Dublin and Galway working in Corporate Institutional Banking (CIB) and BNP Paribas Security Services (BP2S) and Greenval

Compliance Culture

We believe in promoting clear rules to foster a strong culture of compliance and ethics.

We would expect any incoming member of staff to respect all financial security related legislation, including : anti-money laundering (AML); countering the financing of terrorism (CFT); international financial sanctions and embargoes (IFS); anti-bribery and corruption (ABC); KYC; ongoing client related data screening; and transaction monitoring.

BNP Paribas have clear policies on these topics which all staff are expected to familiarise themselves with upon successful entry to the Group.

Equality and Diversity

BNP Paribas is an equal opportunities employer and proudly cultivates a diverse workforce.

We believe that diversity of experience enhances our service offering to clients and leads to a better working environment.

We encourage applications from the best candidates regardless of age, ethnicity, gender, gender identity, nationality, disability, sexual orientation, socio-economic background, parental and caring status, or religious belief.

By submitting your application, you agree to BNP Paribas completing a background check and screening in advance of any potential offer being made

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