underwriter United Kingdom
Job description
Company description
Location: Gibraltar (Hybrid Working)
Employment Type: Full Time / Permanent
Additional Benefits: Annual Bonus, Car Allowance & Private Medical Insurance
Thought The AA only provide roadside assistance? Think again.
For over 100 years, we’ve continued to evolve and adapt. Today, as the nation’s number one motoring organisation, we offer a range of excellent products and services to millions of customers from roadside assistance to home and motor insurance as well as providing the latest driving technologies. As we continue to expand, diversify, and modernise, joining us as a Head of Finance – Underwriting, you’ll play a key part to our success and join us on this exciting motoring journey.
#LI-THEAA #LI-Hybrid
This is the job
Joining the AA as Head of Finance – Underwriting, you will play a key role within the AA Group Insurer Finance division, with a secondary reporting line to the AAUICL CEO.
You will be responsible for the financial accounting of AAUICL’s £200m of GWP of UK Motor and Home insurance business as well as ensuring adherence to Gibraltar’s regulations for solvency II capital.
What will I be doing?
- Reporting solvency II requirements, presenting and providing justification and support for our solvency position with the GFSC
- Reviewing and approving monthly management accounts and solvency projections
- Working with PwC to complete external audit and file financial reports
- Development and ownership of balance sheet control reconciliation processes, working with central shared services teams
- Lead the Business Partnering for the Insurer group of companies, effectively facing off against AAUICL Chairman and CEO
- Ensure all regulatory submissions are completed to required deadlines
- Managing the production of plans/forecasts for three separate entities which form the Insurer business unit
What do I need?
Capability, Knowledge and Experience:
- Knowledge of regulatory environment (i.e. Solvency II)
- Proven track record of managing high performing teams
- Extensive experience of Management Reporting including P&L, Balance Sheet and Cash Flow, OpEx, CapEx, Solvency Capital
- Previous experience of Financial Reporting under IFRS17
- Member of the UICL Board
- GFSC Regulated
Education and Qualifications:
- Professional qualification in finance ACCA, ACA, CIMA or similar
Additional Information
We’re always looking to recognise and reward our employees for the work they do. As a valued member of The AA team, you’ll have access to a range of benefits including:
- Diverse learning and development opportunities to support you to progress in your career
- 25 days annual leave plus bank holidays + holiday buying scheme
- Free AA breakdown membership from Day 1 plus 50% discount for family and friends
- Discounts on AA products including car and home insurance
- Employee discount scheme that gives you access to a car salary sacrifice scheme plus great discounts on healthcare, shopping, holidays and more
- Worksave pension scheme with up to 7% employer contribution
- Dedicated Employee Assistance Programme and a 24/7 remote GP service for you and your family
Plus, so much more!
We’re an equal opportunities employer and welcome applications from everyone. The AA values diversity and the difference this brings to our culture and our customers. We actively seek people from diverse backgrounds to join us and become part of an inclusive company where you can be yourself, be empowered to be your best and feel like you truly belong. We have five communities to bring together people with shared characteristics and backgrounds and drive positive change.
