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Finance Transformation Analyst job in London

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Munich Re jobs

London Munich Re

Job Ref:  5043
Employer:  Munich Re
Sector:  Reinsurance
Risk Management
Qualifications:  Unclassified
Software:  Alteryx
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location
Country:  United Kingdom
City:  London
Post Code:  Not specified
Map: 
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Description
At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building a strong and inclusive culture where everyone is welcomed and valued for their "own expression of self-identity".

About us

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd's of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable people and businesses to thrive.

As we embark on new and exciting projects for the year ahead, we are currently hiring a Finance Transformation Analyst to join our team. Reporting to our Head of Finance & Actuarial Transformation, you will support the activities of a number of Munich Re Brands. (MRSL, MRSG,RIBL,MRSIUK and Digital Partners)

The Team

The Finance and Actuarial Transformation Team is responsible for spearheading initiatives that drive the evolution of the Finance and Actuarial departments into a data-driven organization that leverages cutting-edge technology, streamlines processes, and enhances collaboration with business stakeholders to support the sustainable and profitable growth of Munich Re's Global Specialty Insurance division, specifically the Global Market business.

In this critical role, you will play a vital role in transforming the Finance function, encompassing Financial Operations, Accounting, and Regulatory Reporting. You will work closely with Finance teams to identify areas of improvement, develop compelling business cases, document requirements, and collaborate on solution design and testing. Additionally, you will be instrumental in transitioning solutions into business-as-usual processes, ensuring seamless integration and ongoing success.

Responsibilities

  1. Identify and understand issues that require resolution or opportunities for enhancement, and present these in a clear and concise manner to the relevant stakeholders for consideration.
  2. Collaborate with the Finance Transformation Manager to develop business cases that secure the necessary investment and resources for project implementation.
  3. Document business requirements in a clear, concise, and jargon-free manner to ensure that all stakeholders have a clear understanding of the project's objectives and scope.
  4. Participate in the project, which includes:
    1. Brainstorming and developing solutions to address the identified issues or opportunities.
    2. Evaluating and scoring the proposed solutions to determine the most effective approach.
    3. Building or partnering with specialists to develop the chosen solution.
    4. Testing and documenting the solution to ensure its effectiveness and sustainability.
    5. Drafting process/guidance notes to facilitate the transition of the solution from the project phase to Business As Usual (BAU).
  5. Contribute to post-project debriefs to assess project outcomes, identify lessons learned, and suggest areas for improvement.
  6. Communicate changes to senior stakeholders in simple, clear business language to ensure that they are informed and engaged throughout the project.
  7. Conduct research on market best practices to stay abreast of industry trends, processes, technologies, and innovations (such as Generative AI, Munich Systems, etc.) that could enhance the organization's operations and performance.


Conduct Risk
  1. Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.


You are required to comply with the PRA and FCA conduct rules:
  1. Acting with honesty and integrity at all times
  2. Acting at all times with due care, skill and diligence
  3. Being open and honest with the FCA, the Prudential Regulation Authority (PRA) and all UK regulators at all times
  4. Always paying due regard to the interests of customers and always treat them honestly and fairly
  5. Observing proper standards of market conduct at all times
  6. Act to deliver good outcomes for retail customers. This includes abiding by the Consumer Duty cross-cutting rules below:
    1. Act in good faith towards retail customers.
    2. Avoid causing foreseeable harm to retail customers.
    3. Enable and support retail customers to pursue their financial objectives


Knowledge & Skills

Knowledge
  1. Extensive understanding of financial and accounting principles under UK GAAP and/or IFRS.
  2. In-depth experience in the general specialty non-life insurance sector.
  3. Familiarity with Lloyds Syndicate Reporting.
  4. Familiarity with industry best practices and practical approaches to implementation.


Skills
  1. Demonstrated energy and curiosity, aligning with our values of #BeBold, #BeCurious, and #BePresent.
  2. Strong analytical and critical thinking skills, with a solution-focused mindset.
  3. Excellent data modelling and manipulations skills,
  4. Excellent communication skills, with the ability to effectively convey information to both technical and business stakeholders.
  5. Strong stakeholder management abilities.
  6. Proficiency in writing business requirements, executing testing approaches, and drafting process documentation.
  7. Ability to work independently and take ownership of deliverables.
  8. IT Skills (Power BI, MS Vision. Adonis Process Mapping, Alteryx Designer, Dataiku)


Your career with us

At MRSG, you'll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

Diversity & Inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

Push Boundaries. With us. | Munich Re
ref: (5043) 15 days ago
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