Finance Manager - NonVolume
20 hours ago
Basingstoke
Location: Basingstoke (hybrid 3x per week in the office) Employment Type: Permanent Salary: competitive salary Hours: 37 hours per week Monday to Friday Think the AA is just about roadside assistance? Think again! As one of the UK's most trusted brands, we provide a wide range of services to millions of customers. From comprehensive Home and Motor Insurance to personalised Financial Services like Loans and Savings, and outstanding B2B, Consumer, Business Services, Driver Training, Car Care, and Service Maintenance and Repair, we've got you covered. Our mission is to keep Britain moving, and we're looking for dedicated individuals to join our team. Ready to join us? #LI-CL1 #LI-Hybrid This is the job This is a high profile role within the AA Insurance Finance team, supporting the AA’s insurance broker business a division generating approximately £100m in annual turnover across key products including Motor and Home insurance. As Finance Lead for Motor Insurance, which contributes around 60% of broker revenue, you’ll play a pivotal role in a strategically important and high-growth area. With plans to grow Motor by over 80% by FY31, this role demands regular complex modelling to support pricing decisions and optimise the New Business vs Renewal trade-off in a highly competitive market. Beyond Motor, you’ll also take ownership of several other key areas including Marketing spend, Legal income, Van income, and IFRS17 reporting. In addition, you’ll act as Deputy to the Head of Finance, dedicating approximately 40% of your time to leadership responsibilities. This includes approving pricing decisions, overseeing broker trading performance, and supporting month-end and budgeting processes. You’ll work closely with the Head of Finance to ensure accurate and timely reporting of financial results, while managing income streams to help deliver against budgeted EBITDA targets What will I be doing? As Finance Lead for Motor Insurance, you’ll play a central role in supporting the AA’s insurance broker business. Your responsibilities will span financial planning, performance analysis, stakeholder engagement, and strategic decision-making. Key areas of focus include: • Leading financial reporting for Motor Insurance month-end, ensuring accuracy and insight through collaboration with the Reporting team, • Supporting monthly performance reviews via variance analysis against forecast and budget, and presenting findings at key meetings, • Business partnering the Head of Motor Insurance to assess product profitability, including Lifetime Value modelling, • Providing financial oversight of Marketing spend, Legal and Van income, and IFRS17 balances, ensuring budget alignment and governance compliance, • Forecasting and budgeting for Motor, Van, Legal income, and Marketing costs, while maintaining oversight of the Broker P&L, • Engaging with stakeholders across the Insurance Trading and Marketing teams to influence spend behaviour and trading decisions, • Contributing to strategic planning, including updates to the 5-Year Plan and preparation of presentations for the CEO and CFO, • Ensuring balance sheet integrity through reconciliation and variance explanation, • Supporting operational efficiency, including assisting with inputs for call centre FTE forecasting and analysis of call volume trends, • Deputising for the Head of Finance, attending EMT meetings, approving pricing decisions, and representing Finance in key forums, • Driving performance improvement through insightful analysis, risk/opportunity identification, and challenge where needed Skills & Experience • Strong financial acumen, supported by a solid educational background, • Proven experience in an accounting or finance role, ideally within a fast-paced environment, • Excellent interpersonal skills, with the ability to build strong working relationships across teams, • Highly organised and capable of working independently to manage competing priorities, • Enthusiastic, ambitious, and driven to deliver results, • Fully qualified CIMA (or equivalent accounting qualification), • Adaptable and flexible, with the ability to manage and deliver under tight or conflicting deadlines, • Naturally curious, with a desire to understand, challenge, and improve • 25 days annual leave plus bank holidays + holiday buying scheme, • Worksave pension scheme with up to 7% employer contribution, • Free AA breakdown membership from Day 1 plus 50% discount for family and friends, • Discounts on AA products including car and home insurance, • Employee discount scheme that gives you access to a car salary sacrifice scheme plus great discounts on healthcare, shopping, holidays and more, • Company funded life assurance, • Diverse learning and development opportunities to support you to progress in your career