Senior Financial Manager

Overview

Tesco Insurance
• Reigate - The Omnibus Building, Lesbourne Road, Reigate, Surrey, RH2 7LD
, United Kingdom
• Permanent
• Apply by 20-Feb-2026

Serving our customers, communities, and planet a little better every day. Starting Salary from £66,400+ and excellent benefits.

Location:

Reigate, Blended. Office Attendance:
Our roles are hybrid once training is completed; however, you should be able to travel to the Reigate office 2 days per week for this position. Closing Date:
Friday 20th February 2026.

We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you ve worked hard for. And that means we always work with heart. Whether we re helping our customers or looking after our people, you ll find there s a warmth and friendliness to everything we do.

This is an exciting opportunity for a Senior Financial Performance Manager to join our Tesco Underwriting (TU) team in Reigate. You ll support the Finance Director in driving the performance of our Tesco Underwriting business. This is a critical part of delivering ongoing profitability, growth and supports the Tesco Insurance and Money Services (Tesco IMS) strategy.

We re looking for someone with a deep understanding of underwriting & pricing, reserving, reinsurance, investments and capital management to enable them to drive ongoing continued improvements to TU s financial performance.

• Driving the development of the finance aspects of the underwriting & pricing strategy, the reinsurance strategy and the investment strategy.
• Supporting the TU Finance Director and IMS CFO in developing clear plans, actions and monitoring of performance against TU s financial and growth ambitions.
• Working with other parts of the TU and broader Tesco IMS finance teams as well as internal business stakeholders (e.g. underwriting & pricing and the actuarial function) and external providers (e.g. AON, JP Morgan); this role will be the link between the business and the broader finance team for TU and IMS.
• Driving the analysis of competitor results to establish TU s strengths and opportunities for performance improvement.
• Leading the running of the TU reinsurance and investment committees.
• Leading the development of the reinsurance and investment strategies.
• Developing clear inputs / outputs to support all aspects of reinsurance and investments for TU.
• Developing clear analysis and outputs to support a greater understanding of the reserving position.
• Developing clear metrics / measures for the optimisation of the use of capital for TU and put forward opportunities to manage capital more clearly in support of the dividend policy and capital management strategy of the business.
• Preparing and presenting reports for TU senior management on opportunities or challenges across the performance of TU.
• Analysing underwriter competitors  results/performance, identifying where TU performance sits in the context of the market.

• Deep understanding of insurance underwriting profitability and performance.
• Understanding of key performance measures including reinsurance and investments.
• Knowledge of reinsurance contracts, features and financials.
• Knowledge of investment accounting and investment opportunities.
• Strong understanding of actuarial reserving outputs and impacts to the performance of the business.
• Managerial Experience.
• Understanding of Solvency II capital requirements and the key inputs in managing capital.

Everyone s welcome

We want all our colleagues to always feel welcome and be themselves. We re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

We also know the importance of balancing work with life s other commitments. Please talk to us at interview about the flexibility you need, as we re committed to exploring part time and flexible working opportunities, at every…