Summary: The Head of Insurance Risk at Direct Line Group is a pivotal leadership role focused on overseeing actuarial reserves, pricing, and claims forecasting within the Financial & Insurance Risk team. This position requires strategic governance and insight to enhance risk management practices across the organization. The role is offered on a 12-month fixed-term contract and involves managing a small team while collaborating with senior stakeholders. The successful candidate will ensure effective insurance risk management and compliance with regulatory developments.

Key Responsibilities:

• Leading second-line oversight of actuarial reserves, pricing, and claims forecasts, ensuring robust risk management and challenge.
• Overseeing financial plan forecasts, providing challenge on key assumptions and business strategies.
• Reviewing and enhancing risk policies, frameworks, and key risk indicators (KRIs) for insurance risk.
• Producing independent risk opinions on actuarial reserve projections and presenting findings at governance committees.
• Developing and implementing a risk review programme, proactively identifying and investigating high-risk areas.
• Providing subject matter expertise on insurance risk across climate risk, stress testing, and capital modelling.
• Contributing to key regulatory reports, including the Own Risk & Solvency Assessment (ORSA).
• Managing a small team (2 FTEs), providing coaching and leadership to drive excellence.
• Developing strong relationships with senior stakeholders, ensuring risk management is embedded in decision-making.
• Supporting and deputising for the Director of Financial Risk at key governance forums.

Key Skills:

• Qualified Actuary status (FIA or equivalent).
• Extensive experience in reserving and financial planning oversight, ideally in a general insurance setting.
• A strong understanding of risk frameworks, regulatory requirements, and financial modelling.
• Leadership experience, with the ability to develop and manage a high-performing team.
• Excellent communication skills, with the ability to challenge and influence at senior levels.

Salary (Rate): undetermined

City: London

Country: United Kingdom

Working Arrangements: hybrid

IR35 Status: fixed-term

Seniority Level: Senior

Industry: Other