Head of Capital and Reinsurance

TN United Kingdom; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is looking for a Head of Capital Management and Reinsurance to lead strategic initiatives that optimize balance sheet structures. In this pivotal role, you will drive high-impact capital projects, collaborate with diverse teams, and influence shareholder value through strategic capital deployment. This position offers a hybrid working model, allowing you to enjoy the flexibility of home working while engaging with a dynamic finance team in the office. Join a company that values diversity and is committed to creating an inclusive workplace where your unique contributions will thrive.

Benefits

50% off home, motor and pet insurance

Free travel insurance

Green Flag breakdown cover

Annual bonus up to 20%

EV car scheme

30 days annual leave

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Expertise in insurance accounting and company law.
• Deep understanding of capital markets and reinsurance structures.

Responsibilities

• Lead analysis on balance sheet structuring and capital projects.
• Collaborate with teams to optimize capital planning and risk management.

Skills

Accounting

Actuarial Science

Solvency 2

Capital Markets

Regulatory Compliance

Stakeholder Management

Education

Qualified in Accounting

Qualified Actuary

CII Certification

Job description

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At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.

We’ve got big dreams of becoming Britain’s best retail general insurer. And we’re almost there. Our talented, reactive, and communicative finance team are on call to help us do it in a sustainable, profitable way. With close connections to our shareholders, and a commitment to integrity that spans the entire business, our people are no strangers to creating - and maintaining - value on an unbelievable scale.

Together, we’re one of a kind.

The Role:

Reporting to the Director of Capital Management, 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.

What you'll be doing:

• 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.

What you'll need:

You’ll be qualified in Accounting, Actuarial, or CII, and bring a wealth of expertise, encompassing knowledge of Solvency 2, insurance accounting, and company law.

You’ll need to have a deep understanding of capital markets, reinsurance, and structures, and experience leading and collaborating with senior stakeholders in diverse teams.

Your experience will extend to regulatory compliance, capital modelling, exposure to rating agencies, and a robust comprehension of the financial dynamics within the insurance industry and broader market.

Lets bring on your best.

Ways of Working

Our mixed model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. You'll spend 2 days per week working from our new London Riverbank House office, and the rest of your time based at home.

Read our flexible working approach .

We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

• 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

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.