Head of Financial Planning and Reinsurance

6 days ago


London, Greater London, United Kingdom Direct Line Group Full time

About Direct Line Group

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We are a leading retail general insurer with a clear vision to become Britain's best. Our team combines industry expertise with innovative thinking to deliver excellent results.

As Head of Capital Management and Reinsurance, you will be responsible for driving our balance sheet strategy, working closely with our CFO and Executive teams.

The Role:

  • Develop and implement a comprehensive balance sheet strategy.
  • Lead and contribute to high-impact capital projects, including debt or equity issuance, mergers, acquisitions, partnerships, and share buybacks.
  • Influence the long-term value of shareholder investments by strategically deploying capital.
  • Shape the direction of capital planning, dividend proposals, risk appetite, and contingent management actions.
  • Collaborate with the reinsurance manager, external brokers, and our Actuarial teams to analyse reinsurance value and optimal structures.
  • Drive the production and delivery of Solvency Ratio, influencing the Group's approved internal model.
  • Monitor capital requirements from rating agencies and external parties.
  • Stay updated on market and regulatory developments, liaising with external advisors.

Salary: £100,000 - £130,000 per annum

Required Skills and Qualifications:

  • Qualified in Accounting, Actuarial, or CII.
  • Expertise in Solvency 2, insurance accounting, and company law.
  • Deep understanding of capital markets, reinsurance, and structures.
  • Experience leading and collaborating with senior stakeholders in diverse teams.
  • Regulatory compliance, capital modelling, exposure to rating agencies, and a robust comprehension of the financial dynamics within the insurance industry and broader market.

Benefits:

  • 9% employer contributed pension.
  • 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover.
  • Annual bonus of up to 20%.
  • EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
  • 30 days annual leave.
  • Buy as you earn share scheme.
  • Employee discounts and cashback.
  • Plus many more.


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