We are seeking a highly motivated and experienced finance professional to join an international project team on an exciting finance transformation project within Global Specialty Insurance (GSI). As part of the project team, you will play a pivotal role in driving the future of GSI financial reporting, working closely with the CFOs and their respective teams to build a finance reporting structure that is agile, scalable, and adaptable to changing regulatory environments. This team will drive the design and implementation of new processes, systems, and tools, leveraging technology and innovation to enhance efficiency, accuracy, and transparency of GSI results.
The ideal candidate will possess the ability to work with multiple finance teams across US, Canada, and Europe to synthesize complex issues into simple workstreams. A successful candidate will demonstrate their ability to work autonomously, organizing one's work toward successful completion of clearly defined milestones they will have contributed to identify and syndicate. The combination of both strong communication skills, data management experience and technical competency in insurance accounting, data analytics, process improvements and optimization techniques is required for the role.
The role will report into a member of the GSI Finance Transformation Team led by Angela Homm and will interact daily with the finance leadership teams across GSI and Munich Re.
This is a full-time project role with a minimum commitment of 24 months; travel up to 25%.
The location is flexible.
Responsibilities include:
Analyze current finance processes across the 7 GSI business units to identify requirements that will be part of the design and global release of the Oracle solution for: 1) IBNR, 2) Earned & Unearned Premium, 3) ULAE/ALAE, 4) DAC, 5) Premium Tax, 6) Commissions, 7) Ceded Pooling, 8) Estimation Process, 9) Expense Allocations. This includes but is not limited to:
•Lead process workshops; Develop and document new processes and procedures that are efficient, effective, and compliant with regulatory requirements.
•Ideal candidate will possess the ability to work with multiple finance teams (FP&A, Strategy) and synthesize complex issues into simple workstreams
•Work with stakeholders to identify and implement technology solutions that support process improvements, such as automation and workflow management tools.
•Communicate process improvements and progress to stakeholders, including finance leadership, auditors, and regulators, to ensure transparency and buy-in.
•Ensure that process documentation is up-to-date, accurate, and accessible to relevant stakeholders, including process maps, procedures, and work instructions.
•Collaborate with internal audit and assurance teams to ensure that process improvements are aligned with audit and assurance requirements.
Requirements include:
Essential:
•Bachelor's degree: In a related field such as Finance, Accounting, Business Administration, or Operations Management.
•Minimum 5-7 years of experience: In a related field, with at least 2-3 years of experience in a process improvement or finance transformation role.
•Finance and accounting knowledge: Familiarity with financial accounting principles, including accounts payable, accounts receivable, general ledger, and financial reporting.
•Insurance industry knowledge: Knowledge of the insurance industry, including insurance products, policies, and procedures.
•Process improvement methodologies: Familiarity with process improvement methodologies, such as Lean, Six Sigma, or Agile.
•Data analysis and interpretation: Ability to collect, analyze, and interpret large datasets to inform business decisions.
•Communication and interpersonal skills: Ability to effectively communicate with stakeholders, including business leaders, IT teams, and external partners.
•Problem-solving and analytical skills: Ability to analyze complex problems, identify solutions, and implement changes.
Desirable:
•Master's degree: In a related field, such as Finance, Accounting, or Business Administration.
•Certifications: Certifications like Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Certified Lean Six Sigma Black Belt (CLSSBB) are beneficial.
•Insurance industry certifications: Certifications like Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), or Fellow of the Institute of Actuaries (FIA) are beneficial.
•Cloud-based finance systems: Experience with cloud-based finance systems, including ERP, financial planning, and accounting software.
•Data visualization tools: Proficiency in data visualization tools, such as Tableau, Power BI, or D3.js, and experience with creating interactive dashboards and reports.
•Programming languages: Familiarity with programming languages, such as SQL, Python, or R, and experience with data manipulation and analysis libraries.
•Agile methodologies: Experience with Agile project management methodologies, such as Scrum or Kanban, and familiarity with iterative and incremental development approaches.
•Change management: Ability to manage change and implement process improvements in a fast-paced and dynamic environment.
•Programming languages: Familiarity with programming languages, such as SQL, Python, or R, and experience with data manipulation and analysis libraries.
•Agile methodologies: Experience with Agile project management methodologies, such as Scrum or Kanban, and familiarity with iterative and incremental development approaches.
•Change management: Ability to manage change and implement process improvements in a fast-paced and dynamic environment.
Process improvement lead specific:
•Process mapping and analysis: Ability to map and analyze business processes, including identification of inefficiencies and opportunities for improvement.
•Process redesign and implementation: Ability to redesign and implement business processes, including development of new procedures, policies, and training materials.
•Metrics and dashboard development: Ability to develop and maintain metrics and dashboards to measure process performance and progress towards goals.
•Stakeholder engagement and communication: Ability to engage and communicate with stakeholders, including business leaders, IT teams, and external partners, to ensure successful process improvement initiatives.
At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
