Senior Commercial Manager - Insurance

Embark on a strategic career move with Barclays UK as a Senior Commercial Manager – Insurance. This pivotal role offers a unique opportunity to significantly influence the commercial direction of our Savings and Insurance portfolios, with a strong emphasis on shaping our Insurance product strategy. You will be instrumental in driving business performance through a deep understanding of pricing, product intricacies, supplier ecosystems, and customer needs.

This position is ideal for a seasoned professional looking to make a tangible impact within a leading financial institution. You will be at the forefront of commercial relationship management with our insurance suppliers, overseeing everything from contract negotiations to ongoing performance optimisation. Your day-to-day responsibilities will involve strategic reviews of our insurance offering, insightful analysis of customer and performance trends, and close collaboration with the wider Insurance team to foster business success.

Key Advantages for Candidates:

• Strategic Influence: Directly shape the commercial strategy for critical Savings and Insurance portfolios, impacting business growth and customer propositions.
• Deep Sector Expertise: Opportunity to cultivate and apply in-depth knowledge of the insurance sector, particularly in pricing and product development.
• Supplier Relationship Management: Develop and manage high-level relationships with key insurance suppliers, honing negotiation and performance monitoring skills.
• Data-Driven Decision Making: Leverage advanced analytical capabilities to drive informed strategic decisions and identify actionable insights.
• Career Development: Be part of a dynamic team within Barclays UK, offering potential for growth and exposure to diverse commercial banking functions.
• Impactful Role: Contribute directly to the success of the commercial banking segment through market analysis, product innovation, and performance management.

Essential Skills and Experience:

• A robust understanding of the insurance sector, with demonstrable experience in pricing strategies.
• Proven track record in managing supplier contracts and fostering strong, collaborative supplier relationships.
• Extensive experience in commercial performance management, coupled with exceptional problem-solving acumen.
• Advanced data analysis skills, with the ability to translate complex data into clear, actionable insights for strategic decision-making.

Highly Valued Additional Skills:

• Previous experience in a dedicated Commercial Manager role.
• Experience in line management and team leadership.

Career Path Considerations:

For candidates aspiring to leadership, this role provides a solid foundation for growth. You will be expected to contribute to, and potentially set, strategic direction, drive requirements for change, and manage resources and policies effectively. The emphasis on continuous improvement and risk management aligns with senior leadership expectations. If team management is part of your trajectory, you'll have the opportunity to define roles, plan for future departmental needs, and mentor colleagues, embodying the Barclays LEAD behaviours (Listen and be authentic, Energise and inspire, Align across the enterprise, Develop others).

For those focused on deep subject matter expertise, this position offers a chance to become a true specialist within the insurance commercial domain. You will lead complex, multi-year assignments, guide less experienced specialists, and provide critical insights that influence long-term profitability, organisational risk, and strategic decisions. The role demands sophisticated analytical thought, interpretative thinking to define and solve complex problems, and the integration of extensive research into your problem-solving process.

Regardless of your specific career path, this role requires strong stakeholder management, risk mitigation, and a comprehensive understanding of the organisation to drive business goals. You will be expected to build and maintain trusting relationships, leverage influencing and negotiation skills, and adopt the Barclays Values (Respect, Integrity, Service, Excellence, Stewardship) and Mindset (Empower, Challenge, Drive).

This exciting opportunity is based in London or Northampton.