Senior Regulatory Reporting Manager

Direct Line Group Careers; Leeds; Hybrid; GBP 50,000 - 90,000

Job description

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.

Our vision is to create a world where insurance is personal, inclusive and a force for good. Our purpose is to help people carry on with their lives, giving them peace of mind now and in the future. We have ambitions for growth and driving change at pace – aspiring to be the UK’s largest insurer.

Reporting into our Head of External Reporting, we’re recruiting for a Senior Regulatory Reporting Manager to manage and oversee the preparation, validation, and submission of all regulatory reporting, including the Solvency and Financial Condition Report (SFCR) and Quarterly Reporting Templates (QRTs) as well as other regulatory reporting such as Pricing Practices and Value Measures reporting.

Please note: we are open to fixed term contract/secondment candidates. Please speak with our Talent Acquisition team if you'd like to discuss further.

The role ensures compliance with regulatory requirements while optimising reporting processes and providing expert guidance on regulatory matters. You would work closely with various stakeholders, including senior management, Actuarial and Risk teams, to ensure transparency, accuracy, and timeliness in reporting activities.

What you’ll be doing:

1. Solvency II Reporting: Lead the preparation and submission of all Solvency II reports, including QRTs, SFCR and other regulatory deliverables, ensuring compliance with regulatory timelines and quality standards.
2. Compliance and Accuracy: Ensure all regulatory reports (e.g. SFCR, QRTs) meet the regulatory requirements of EIOPA, PRA, and other relevant authorities, ensuring data accuracy and completeness.
3. Regulatory Interpretation and Guidance: Provide expert advice on regulatory reporting standards, particularly regarding Solvency II and evolving regulatory changes. Act as the primary point of contact for internal queries related to regulatory reporting.
4. Lead, mentor, and develop a team of Reporting Managers, fostering a culture of continuous learning and operational excellence.
5. Collaborate with key stakeholders such as Finance, Risk, Actuarial, and IT teams to gather the necessary data and ensure alignment across reporting activities.
6. Continuously review and enhance reporting processes, controls, and systems to ensure efficient and accurate data collection, analysis, and reporting. Implement best practices and process automation where possible.
7. Coordinate internal and external audit reviews related to regulatory reporting, addressing audit findings, and implementing corrective measures as needed.
8. Identify potential reporting risks and establish appropriate controls to mitigate those risks. Ensure compliance with internal governance frameworks and regulatory requirements.

What we’re looking for:

1. Qualified Accountant (ACCA, CIMA, CPA).
2. Experience in regulatory reporting within the insurance or financial services sector, with a focus on regulatory reports such as SFCR, QRTs, RSR, and other Solvency II reports.
3. Proven track record of managing projects and teams, demonstrating strong leadership and organisational skills. Excellent analytical skills, with the ability to interpret complex data and regulatory requirements.
4. Proficiency in regulatory reporting software and advanced Excel skills.
5. Strong attention to detail, problem-solving abilities, and the ability to meet tight deadlines.
6. Exceptional communication and interpersonal skills, with the ability to work collaboratively with cross-functional teams and senior stakeholders.

Ways of Working:
Here at Direct Line Group, we recognise the importance of flexibility, not only in our personal lives but also in the way we work. Our mixed model way of working offers a ‘best of both worlds’ approach combining the best parts of home and office-working.

This role will be based in one of our main offices (e.g. Leeds or London) – with an expectation to be office-based c.2 days per week.

Benefits:
We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle. Our core benefits include:

1. Flexible and generous annual leave: 30 days. You also have the option to buy or sell up to 5 days each year too to suit you the way you want it to!
2. 9% employer contribution into your pension – regardless of whether or not you pay into the pension plan. You can also opt to take this is a cash benefit instead.
3. Annual bonus of up to 20% - dependent on personal and company performance.
4. Free private medical cover for you!
5. 50% off home, motor and pet insurance.
6. Free travel insurance and free Green Flag breakdown cover.
7. Life assurance.
8. Income protection.
9. Access to company car and cycle to work schemes.
10. Retail discounts to your everyday shopping needs!

Being yourself:

There’s no-one else like you. No-one with the exact same mix of strengths, quirks, skills and thoughts. That’s why you could belong here. As part of a team of brilliant individuals, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every single one of us brings.

Every person, team, Squad, Tribe, and Chapter, across every business that makes our Group. And we’re happy to say we’re customer obsessed. Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher. Together, we're one of a kind.

#LI-Hybrid

#LI-RM1