About us
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.
Head of CFO Office
GSI4 consists of Munich Re Specialty Group (MRSG) and its subsidiaries including Munich Re Syndicate Ltd (Lloyds Managing Agent) and its International Distribution Companies (IDCs) as well as other units where GSI4 holds the legal and or management responsibility.
This role is responsible to support the Group CFO and the Finance function to execute its strategy in support of the GSI4 6 Block.
Responsibilities:
As the Head of CFO Office you will be expected to excel in your day to day whilst also delivering on these areas:
General Responsibilities:
- Support the Group CFO on department strategic objectives including
- Assist in planning and executing Finance Strategic projects and initiatives
- Attend meetings on behalf of the Group CFO.
- Monitor and report on project program progress, ensuring milestones are met
- Consolidate, monitor and report on Finance & Actuarial KPI's, SLA's
- Consolidate, monitor and report on Finance & Actuarial team playbooks (includes team objectives and development plans etc)
- Manage the Group CFO Delegated task Microsoft Planner site
- Coordinate the preparation of Exco/Board papers
- Complete summaries of pre-read documentation received
- Coordinate the Finance & Actuarial compulsory training timetable (IDD etc.)
- Prepare internal Finance & Actuarial comms e.g. briefing material - IO coordination between UK, US and Singapore
- Maintain & update the Finance & Actuarial Group CFO Playbook
Strategy:
- Assist with the development of key strategic initiatives for GSI4.
- Assist with the development and implementation of GSI4’s financial and actuarial strategy.
- Support the Group CFO in overseeing the finance activities of all MRSG Group companies.
- Develop effective relationships at appropriate levels within Munich Re and Lloyd’s departments that supports the the work of the finance and actuarial functions.
- Leadership:
- Support the Group CFO to improve staff development.
- Ensure sharing of best practice to build capability of staff.
- Ensure the most effective use of staff resources.
- Seek exchange of knowledge and talents within GSI other Munich Re entities and Lloyds.
- Management and Controls:
- Support the Group CFO in exercising strong financial oversight of the IT SSO that is located in the MRSGUKS legal entity.
- Assist in ensuring that Syndicate 457 and Syndicate 1840 fully complies with all applicable Lloyd's requirements including Lloyd's Minimum Standards.
- Support the Group CFO in monitoring GSI4 and propose corrective measures as necessary to ensure long term profitability.
- Promote best practice principles in all areas of responsibilities within GSI4.
- Support the Group CFO in ensuring effective systems and internal controls within GSI4 ensuring the complete, accurate and timely recording of all relevant underwriting, claims, financial or other important information and data (MI information).
Knowledge and Skills
- Financial services experience at management level
- Experience in the Financial sector including the London market with prior financial experience within a Lloyd’s Syndicate preferred
- Able to demonstrate repeated successful management within existing area of expertise and preferable multiple areas of the Finance/Actuarial value chain.
- Excellent communication skills
- Sound knowledge of governance and risk management standards
- Knowledge of UK GAAP/ IFRS accounting rules, key Solvency II methodological features; understanding of actuarial valuation and judgement
- University Degree and professional accounting or actuarial qualification.
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 ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.
Learn more about sustainability at Munich Re – choose your impact!
#BePresent #BeBold #BeCurious
