Finance Transformation Manager

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.  

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.  

Please see our website for more information.

Finance Transformation Manager

We are currently looking for a Finance Transformation Manager to be based in London, Manchester or Birkenhead on a full-time basis, with hybrid working.

Munich Re is a leading global provider of reinsurance, primary insurance and insurance- related risk solutions. This role is within the highly successful Munich Re Specialty – Global Markets (MRS-GM) division.

The Finance Transformation Manager is responsible for leading and contributing towards the implementation of transformation projects across the Finance & Actuarial department.  The team’s aim is to ensure Finance and Actuarial has the necessary systems, processes, people, governance, and data to meet and exceed its objectives, while meeting Group, GSI, and regulatory requirements. This will involve leveraging relationships, technology, data analytics, and process innovation to create a modern, efficient, and effective function operating model that supports the business in achieving its growth objectives while maintaining a high standard of operational excellence and regulatory compliance.

The position plays a key role in major transformation programmes including geographic expansion initiatives, legal entity launches, operating model redesign, governance enhancements and finance process improvement activities.

Responsibilities:

Currently a particular focus is on International Expansion Projects.  This will entail:

• Support business expansion initiatives across European and international markets.
• Lead finance workstreams for new legal entity and branch set-up projects.
• Coordinate Finance activities needed in the development of regulatory applications, programme of operations, governance documentation and business plans.
• Partner with local and group stakeholders to ensure Finance operational readiness for new market launches.
• Assist in designing scalable finance and operational frameworks for future growth.
• Develop business cases supporting strategic growth initiatives.

Other responsibilities:  

• Lead finance transformation initiatives across multiple business units and legal entities.
• Work with the business to design and implement target operating models (TOMs) to support organisational growth and efficiency objectives.
• Identify opportunities for process standardisation, automation and technology-enabled transformation.
• Coordinate delivery of transformation workstreams and ensure alignment with strategic business objectives.
• Support post-implementation stabilisation and continuous improvement activities.
• Assist in the preparation of quarterly transformation update reports, providing input on project progress, milestones, and success metrics that impact the Finance & Actuarial function.
• Collaborate with the Head of Finance & Actuarial Transformations to develop, prioritize, and align transformation plans with business objectives, ensuring seamless integration with existing processes and systems.
• Lead or participate in the implementation of specific transformation initiatives, monitoring progress, identifying areas for improvement, and recommending corrective actions to ensure successful delivery and minimal disruptions.
• Manage and coordinate resources, including Finance & Actuarial Transformation team members, Subject Matter Experts, and external stakeholders, to achieve specific transformation goals and objectives.
• Conduct research and analysis to identify best practices, emerging trends, and innovative solutions that can be applied to drive transformation in the Finance & Actuarial function, and present findings to the Head of Finance & Actuarial Transformations.
• Foster collaboration and stakeholder alignment with various teams, including Finance & Actuarial Subject Matter Experts, Change Management, Data, and IT, to ensure a cohesive and integrated approach to transformation.
• Support the development and growth of the Finance & Actuarial Transformation team, providing guidance, coaching, and expertise to team members as needed.
• Represent the Finance & Actuarial Transformation function in specific forums, such as project meetings or working groups, providing input and insights to ensure that transformation initiatives align with business objectives.
• Provide flexible and adaptive support to address emerging business topics and opportunities that may arise, demonstrating a proactive and agile approach to driving business growth and success.

Knowledge and Skills

• University Degree and/or relevant professional accountancy / actuarial qualification
• Proven Finance & Actuarial Transformation experience in a previous Transformation leadership role.
• Excellent communication and presentation skills, with the ability to effectively convey complex information to a wide range of audiences.
• Strong leadership and management skills , with the ability to effectively lead and develop a team.
• In-depth knowledge of the insurance industry and regulatory requirements.
• Attention to detail.
• Curiosity to identify root causes and exploring solutions.
• Confident decision maker.
• Ability to multi-task and manage complexity in an ever changing and evolving business environment.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to sustainability is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our sustainability strategy aims to deliver holistic impacts across environmental, social and governance topics.

Learn more about sustainability at Munich Re – choose your impact! 

#BePresent #BeBold #BeCurious