The Life Insurance arm of a leading Banking Group is seeking a qualified chartered accountant, with relevant post qualification experience, to join them as UK CFO/Head of Business. The profile of the role would suit someone stepping up from a Financial Controller (or equivalent) posting, rather than an experienced CFO.

Reporting to the Global CFO (Life Insurance) the role will be responsible for fulfilling the CFO activities for the UK life insurance business and oversight of the Malta insurance finance team. As a member of the UK Insurance senior leadership team, the role holder will be expected to be instrumental in determining and executing the business strategy. Other responsibilities of the role are as follows:

- Responsible for the preparation and analysis of the trading results for the UK life insurance business, ensuring the underlying business performance drivers and are fully explained to management. Specifically ensure that the actuarial assumptions underlying the reported numbers are robust and sensitivity to assumptions are fully assessed.

- Based on analysis of financial results work with other senior business leaders to enhance the UK Life Insurance profitability and efficiency.

- Understand individual product profitability and ensure the financial risks are within the business's risk appetite.

- Ensure strong cost disciplines are in place, and the business is run efficiently.

- Work with the UK Chief Accounting Officer team to ensure the financial and regulatory results of the entity are properly prepared, and meet the requirements of all regulatory bodies. Responsible to the FSA as controlled Function holder.

- Ensure the capital within the company is optimised while being sufficient to meet all regulatory requirements. Responsible for delivery of the Solvency 2 project.

- Ensure the systems and processes to produce the results for the UK life insurance business are satisfactory and adequately controlled.

- Work with the Chief Investment Officers team to consider the optimal investment strategy for the business.

Knowledge & Experience / Qualifications

- ACA or similar accounting qualification (post qualified experience of 6+ years minimum)

- Audit/financial accounting experience within the life insurance industry is essential

- IFRS technical experience for insurance and financial services developed over career to date

- Experience of reviewing and critically assessing results analysis and process/control environments to improve efficiency

- Experience of managing teams of individuals and working with senior management across multiple functions in a matrix environment