Head of Group Capital (Maternity Cover, 12–15 months) Lead the development of market-leading capital modelling and management strategies for NFU Mutual Group. Influence strategic decisions at Board level and collaborate with senior stakeholders across the business. Hybrid role with up to 80% homeworking and 20% in Stratford-upon-Avon About the roleThis is a unique opportunity to join NFU Mutual as Head of Group Capital on a 12–15 month maternity cover Fixed Term Contract. You will play a pivotal role in shaping the Group’s capital modelling and management strategies, ensuring robust compliance with regulatory standards and driving business resilience. Reporting to the Head of Financial Risk & Prudential Governance, you will provide strategic leadership and expert guidance at the heart of our financial risk function. You’ll lead a team of 10 actuaries and trainees, providing technical guidance, fostering professional growth, and maintaining high standards across the function. Develop and maintain parameters and calibrations for the Group’s capital models, aligned with our regulatory-approved Internal Model. Lead the design and delivery of financial models to project the Solvency position of the General Insurance fund and Group balance sheet. Set and oversee the Group’s Internal Model strategy, ensuring regulatory compliance and effective reporting to the regulator, Board, and risk committees. Advise on risk capital implications for asset allocation, supporting the Investment Function within agreed risk appetites. Manage responses to PRA queries, defending our position while minimising capital impact. Provide expert advice to the Chief Risk Officer and Board on distribution strategies for excess working capital. Stay informed of industry developments to ensure NFU Mutual remains aligned with best practice. Build strong relationships across the business, including Investment Office, Fund Management, Underwriting, Pricing, and Claims. Lead and develop your team, promoting a culture of autonomy, engagement, and continuous improvement. Collaborate with wider business areas to embed capital management across the Group. About youWe are seeking a confident, collaborative leader with a passion for capital management and strategic influence. You will bring: In-depth knowledge of general insurance capital management. Strong understanding of reserving rules and capital requirements for GI business. Proven experience in identifying and assessing financial risks, including uncertainty analysis and risk interactions. Experience with Igloo modelling tools (desirable). Ability to influence senior stakeholders, including at Board level. Demonstrable leadership experience, with a track record of delivering results through teams. Excellent communication skills, with the ability to present complex topics clearly. Sound judgement and decision-making capabilities. Qualifications & Experience Professionally qualified with FFA or FIA (essential). Relevant degree (e.g., Maths, Science, Economics) or equivalent experience. Significant experience in capital management, risk assessment, and stakeholder engagement within the insurance or financial services sector. At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees. We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process. We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.Benefits and RewardsWhen you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including: Level 6S Competitive salary Annual bonus (up to 33% of salary) Car Allowance or company car Contributory pension scheme, up to 20%, including your 8% contribution 28 days annual leave bank holidays buy/sell/save holiday trading scheme A Family Friendly policy that helps you balance your work and family responsibilities Private medical insurance for you and your family Access to savings at High Street brands, travel and supermarkets £20 contribution to a monthly gym membership – subject to T&Cs Health and wellbeing plan - cashback for dentist, opticians, physio and more Employee Volunteering - volunteer in the community for one day each year Unlimited access to Refer a Friend £500 bonus scheme Life Assurance cover of 4 x salary Employee discounts of 15% on a range of NFU Mutual insurance policies. Salary sacrifice employee car scheme - subject to eligibility Working at NFU MutualWe’re one of the UK’s leading general insurance and financial services companies. For over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being “a great place to work” and our Gallup Exceptional Workplace 2025 award was not only awarded with Distinction but also named us as the first UK-based company to receive a Gallup Exceptional Workplace for ten years in a row. We are also the only Insurer to feature in the LinkedIn Top 15 Companies 2025 list of ‘Best midsize employers to grow your career in the UK’, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023, 2024 and 2025.We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.