Financial Risk Manager - Pricing & Underwriting (Hybrid)

Automobile Association; Basingstoke; Hybrid; GBP 60,000 - GBP 80,000; Full time

Job summary

A leading motoring organization in the UK is seeking a Financial Risk Manager to oversee financial risks across the business. The role emphasizes pricing and underwriting risk management, collaborating with actuarial and finance teams to shape an effective risk framework. Ideal candidates will have strong expertise in financial risk management within insurance, ensuring strategies align with commercial outcomes. This position offers a hybrid working model and a range of benefits including annual leave, pension scheme, and employee discounts.

Benefits

25 days annual leave plus bank holidays

Worksave pension scheme with up to 7% employer contribution

Free AA breakdown membership

Discounts on AA products

Employee discount scheme

Company funded life assurance

Diverse learning and development opportunities

Dedicated Employee Assistance Programme

Qualifications

• Strong experience in financial risk management or modelling within insurance or financial services.
• Proven expertise in pricing and underwriting risk, with a solid understanding of how these drive commercial outcomes.
• Hands-on experience of risk modelling, including design, build, testing and documentation.

Responsibilities

• Lead review and challenge of pricing and underwriting models and strategies.
• Partner with actuarial and underwriting teams to ensure robust assumptions and methodologies.
• Monitor pricing and underwriting controls against risk appetite.
• Assess pricing adequacy, risk selection, policy terms and claims practices.
• Identify emerging pricing and underwriting risks and recommend mitigations.
• Enhance pricing and underwriting risk frameworks, policies and procedures.

Skills

Financial risk management

Pricing and underwriting risk

Risk modelling

Job description

A leading motoring organization in the UK is seeking a Financial Risk Manager to oversee financial risks across the business. The role emphasizes pricing and underwriting risk management, collaborating with actuarial and finance teams to shape an effective risk framework. Ideal candidates will have strong expertise in financial risk management within insurance, ensuring strategies align with commercial outcomes. This position offers a hybrid working model and a range of benefits including annual leave, pension scheme, and employee discounts.