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Finance Data Scientist

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 13898 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Finance, Accounting & Controlling
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Finance Data Scientist

Support and enable the transformation of the finance and actuarial function by applying data science techniques to financial data, automating manual processes, and building predictive and analytical models and dashboards that clearly communicate insights to stakeholders. Working closely with IT and cross-functional business partners, you will help collect, organise and analyse data from various sources, identify opportunities to automate and streamline existing processes, and leverage capabilities from across the Munich Group, including advanced use of Databricks, for local implementation.

Overall Objective

Munich Re’s Global Markets.is a specialty insurance unit of Munich Re Group, delivering specialty insurance solutions across the globe and reinforcing its position as a leading global provider of specialty insurance.

To support the finance and actuarial function's evolution into a data-driven function, applying data science techniques to financial data and driving process automation, to improve forecasting, decision-making, reporting and operational efficiency across the business.

Responsibilities

Data & Analytics

  • Collect, organise and analyse large financial and actuarial data sets from various sources to derive insights that inform business decisions.
  • Build predictive models to identify key financial risk factors, improving forecasting and decision-making accuracy.
  • Develop analytical models to identify data quality issues, trends and exceptions in financial data, strengthening reporting accuracy.

Automation & Process Improvement

  • Review existing financial and actuarial processes to identify opportunities to automate manual work and eliminate duplication.
  • Design and build automated data workflows, leveraging Databricks to create scalable pipelines that reduce reliance on manual, Excel-based processes.

Stakeholder Engagement

  • Collaborate with finance and actuarial teams to identify areas where data-driven insights and automation can improve their operations.
  • Develop dashboards and reports in Power BI that clearly communicate insights to stakeholders.
  • Stay up to date with industry trends and emerging technologies that could impact data, analytics and automation practice in the insurance industry.

Governance & Controls

  • Work with the IT team to ensure that financial data is stored and analysed securely.
  • Maintain clear documentation of data sources, processes and models to support audit, governance and knowledge-sharing.
  • Follow data quality and control standards when handling financial and actuarial data.

Knowledge and Skills

Essential

  • Technical background in Finance, Actuarial Science, Data Analytics or a related field
  • Practical experience with Power BI, SQL, R and Databricks
  • Solid understanding of financial and/or actuarial processes and data
  • Analytical, critical thinker with a problem-solving attitude
  • Strong communication skills, able to translate complex data and analysis into clear, actionable insights for both technical and business stakeholders

Desirable

  • Experience in General Insurance
  • Exposure to data governance, data quality or documentation practices
  • Relationship management: ability to partner and influence at all levels within an organisation

Behavioural Attributes

  • Analytical and curious
  • Innovation mindset with a proven record of process improvement and automation
  • Proactive and collaborative, comfortable working across teams and functions

Education and Professional Qualifications Required / (preferred)

  • Required: Degree in Finance, Actuarial Science, Data Analytics, or a related quantitative field
  • Preferred: Professional accountancy or actuarial qualification (newly qualified/part-qualified)
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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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