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Independent Committee Member - Reserving and Pricing job in London

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London NHS Resolution

Job Ref:  M9912-NHSR-2024-16
Employer:  NHS Resolution
Sector:  Health Insurance
Qualifications:  Fully Qualified Actuary
Job Type:  Part Time
Salary and Benefits:  £ 3,000 per year
Remote:  No

Location

Country:  United Kingdom
City:  London
Post Code:  E14 4PU
Map: 

Description

Job summary

NHS Resolution is seeking to make a key appointment to our Reserving and Pricing Committee (RPC) to sit alongside existing members who comprise members of the executive committee, and a non-executive director.

Main duties of the job

NHS Resolutions Reserving and Pricing Committee (RPC) supports the Chief Executive in their role of Accounting Officer in setting the key assumptions that determine the valuation of NHS Resolutions provision for liabilities arising from claims in respect of its indemnity schemes. The Committee also determines the forecasts for the cash required to settle claims for future financial years in order to agree appropriate levels of funding for NHS Resolutions indemnity schemes with the DHSC. These activities are heavily informed by actuarial advisers, as well as NHS Resolutions experience of the claims environment.

For further details about NHS Resolution, the role, and the time commitment and remuneration, please refer to the attached job pack.

How to apply

Please submit your full CV and covering letter outlining how you meet the role profile, along with a completed equalities monitoring form (Appendix B) to nhsr.hrrecruitmentandresourcing@nhs.net.

Interviews are expected to take place on 10 June 2024.

About us

NHS Resolution is an arms-length body of the Department of Health and Social Care. We provide expertise to the NHS on resolving concerns and disputes fairly, sharing learning for improvement and preserving resources for patient care.

Our main functions are:

Claims Management: dealing with claims for compensation on behalf of the NHS in England;

Practitioner Performance Advice: managing concerns raised about the performance of doctors, dentists and pharmacists.

Primary Care Appeals: dealing with appeals and disputes between primary care contractors and NHS England; and

Safety and Learning: helping providers of NHS care to understand their own claims risk profiles to target safety activity and share learning across the health service nationwide.

Our purpose is to provide expertise to the NHS to resolve concerns fairly, share learning for improvement and preserve resources for patient care.

What do we have to offer?

At NHS Resolution, we strive to be an employer of choice. We are also committed to support individuals in having a work and life balance, offering flexible working arrangements. Furthermore, we can offer a chance to gain extra skills and training and with regular reviews and a clear plan, all employees can develop to their full potential.

Job description

Job responsibilities

Please ensure that you read the attached job pack carefully and that you address the requirements of the post in the role profile as your application will be assessed against these criteria.

Job description
Job responsibilities

Please ensure that you read the attached job pack carefully and that you address the requirements of the post in the role profile as your application will be assessed against these criteria.

Person Specification

Skills and Experience

Essential

  • The preferred candidate will have the following attributes:
  • a qualified actuary, or other relevant insurance or financial expertise with experience ideally gained in a large complex organisation in the public, private or voluntary sector in a similar governance and accountability context;
  • an ability to analyse complex and sometimes conflicting data, including financial data, and to draw balanced conclusions from information presented;
  • ability to challenge effectively but constructively; and
  • first class team-working skills and the willingness to work in a corporate manner to achieve NHS Resolutions objectives
  • The successful candidate will also be expected to possess or develop an understanding of:
  • the drivers of the costs of indemnity claims and actuarial techniques to estimate financial valuations and forecasts;
  • accountability and financial management within NHS Resolution;
  • NHS Resolutions objectives and strategic priorities;
  • NHS Resolutions structure and relationships with its key stakeholders.
  • Please note that previous NHS experience is not required for this role.

Person Specification
Skills and Experience

Essential

  • The preferred candidate will have the following attributes:
  • a qualified actuary, or other relevant insurance or financial expertise with experience ideally gained in a large complex organisation in the public, private or voluntary sector in a similar governance and accountability context;
  • an ability to analyse complex and sometimes conflicting data, including financial data, and to draw balanced conclusions from information presented;
  • ability to challenge effectively but constructively; and
  • first class team-working skills and the willingness to work in a corporate manner to achieve NHS Resolutions objectives
  • The successful candidate will also be expected to possess or develop an understanding of:
  • the drivers of the costs of indemnity claims and actuarial techniques to estimate financial valuations and forecasts;
  • accountability and financial management within NHS Resolution;
  • NHS Resolutions objectives and strategic priorities;
  • NHS Resolutions structure and relationships with its key stakeholders.
  • Please note that previous NHS experience is not required for this role.


Employer details

Employer name

NHS Resolution
Address

8th Floor, 10 South Colonnade

Canary Wharf

London

E14 4PU

Employer's website
ref: (M9912-NHSR-2024-16)
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