Senior Financial Performance Manager

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 cop.

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.

Opportunity

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.

The Role

•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.

We need you to have

•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.

Additional Information

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 level of the organisation.

Interviews

Interviews are expected to be from February 2026.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there's no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we're helping our colleagues and serving our customers, communities and planet a little better every day.

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.

Everything we do is about making things better. Not just for others, but for you too. It's why you'll get bags of choice and plenty of development. It's why you'll always be heard and find balance that works for you. It's why you'll feel totally at home in a place where everyone's welcome.

So, if you want a career where you can do good and feel good, you've found it.

Let's make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice - because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes - people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone's welcome, where they can be part of a great team focused on making a real difference for our customers.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you're interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!