Chief Capital Strategist
6 days ago
About Us
">Direct Line Group is a customer-obsessed market powerhouse, combining decades of industry experience with talented people in every field. We're a leading retail general insurer with big dreams of becoming Britain's best.
As Head of Capital Management and Reinsurance, you'll play a crucial part in optimising our balance sheet structure through equity, reinsurance, and debt strategies. You'll lead multi-disciplinary teams across CFO and the wider business, interacting with Executive, Board, and external advisors.
The Role:
- Lead the analysis and recommendations on balance sheet structuring.
- 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: £80,000 - £110,000 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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