Admiral UK Insurance (EUI Limited) – Chief Financial Officer
The Company
Admiral Group is a leading FTSE100 Financial Services company with a presence in eight countries. The company was set up in 1993 as a car insurance specialist, but since then the Group has expanded in other countries and other insurance verticals such as household and travel insurance, in loans, price comparison platforms, and has developed innovative products.
EUI is part of the Admiral Group, with 7 million customers worldwide and employs over 11,000 people across its operations. Admiral is a growth story with an enviable track-record of strong financial performances, ROE consistently over 50%, a turnover of £3.5 bn and a profit before tax of £520m in 2019.
UK Insurance is the largest business in the Admiral Group and EUI is the Group’s main operating company in the UK. EUI is regularly recognised as one of the best employers in the country.
Company Culture
Admiral’s philosophy is that ‘people who like what they do, do it better,’ and Admiral is proud to offer an open culture where achievement is rewarded and recognised and where coming to work is exciting every day. In 2019 Admiral received a special award from ‘Best Companies to Work For’ as the only company to feature within their rankings since they began 20 years ago: a true testament to the Group’s culture.
The Role
Reporting initially to the Group CFO and transitioning to the UK CEO, you will be responsible for leading the UK Insurance finance team of around 40 and will be a member of the senior management team. You will enjoy significant exposure to the most senior management in the Group and will attend and contribute to various high-level boards and committees.
Your key responsibilities include:
- Leading, motivating and coaching the EUI finance team
- Overseeing the production of excellent management information to support management
- Monitoring financial and operating performance, including expense management
- Ensuring the operation of robust controls and processes
- Overseeing the maintenance of high-quality accounting records
- Overseeing the production of the UK Insurance budget and regular reforecasts
- Leading the planning and analysis team which support management (for example in developing business cases for change projects and overseeing benefit tracking)
- Overseeing the procurement and accounts payable functions
- Overseeing the finance function of Admiral Group’s law firm
- Managing relationships with major banks
- Working closely with the tax function
You will be a member or attendee of a number of high-profile committees and boards, including:
- EUI Senior Management Team
- EUI Risk Committee
- EUI Board
The role is likely to be an approved person under FCA senior manager regime.
Candidate profile:
- Very strong academic background, highly numerate
- Relevant finance qualification (e.g. ACA, ACCA) and at least 10 years of experience post qualification
- Experience of leading a finance function
- Strong background in financial control
- Strong background in business planning, expense control, management information, budgeting
- Strong people manager
- Experience of playing a significant role in a senior management team
- Clear communicator, strong experience of presenting to boards, committees etc.
- Financial services experience would be an advantage. Insurance experience is ideal but not essential.
Salary, Benefits and Work-Life Balance
We do not have a set salary for this position, as it will be dependent on the successful candidate's experience. We are happy to see CVs from all candidates who meet the requirements, and will be happy to discuss the remuneration package.
At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we're voted no. 1 in the 2019 Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.
If you would like to be considered for this opportunity, please complete an online application form.
Please note, we are unable to accept CVs via email.
