Actuarial Reporting 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.

Reporting Manager

We are looking for a Reporting Manager to join our team on a full-time basis in our London Office with hybrid working. 

We are looking for someone to manage the day to day workflow and development of the actuarial reporting team and communicate results and key issues to senior management / key stakeholders. You will develop reporting infrastructure and MI to meet the increasing demands from the business and deliver process automation to support the accelerated reporting timetables.

You will lead the actuarial reporting processes for the syndicate, including existing Lloyd’s and Munich reporting, Solvency II / UK and actuarial IFRS17 processes. 

Responsibilities

• Lead the actuarial delivery of Lloyd’s reporting processes (including Solvency UK), ensuring that results are produced to a high standard delivered in line with the Lloyd’s reporting timetable. Document and present key results to Committees for review and sign-off.
• Manage the actuarial delivery of Munich reporting processes ensuring that results are produced in line with the Group requirements and reporting timetable. Document and present key results to senior management for challenge and sign-off.
• Manage the IFRS17 actuarial data submissions as required for Group reporting, ensuring that these are prepared on time and to a sufficient data quality, with data validations completed. Manage the review and validation of actuarial items on the IFRS17 balance sheet and P&L. Present results to both Local and Group stakeholders, including analysis of change of key actuarial topics (e.g. loss component).
• Review the reporting work performed by line reports and other colleagues involved in the reporting process. Share feedback and knowledge to support team development.
• Manage the day-to-day workflow of actuarial reporting staff, overseeing their training needs, both on-the-job development and specific training.
• Build strong relationships with other teams outside of Actuarial (e.g. Finance colleagues) to build confidence in the actuarial deliverables, share knowledge, and contribute to a joined-up approach across the CFO division.
• Monitor data quality across the reporting process, including topics such as fast-close data, and escalate key points to the business for discussion and resolution.

Knowledge and Skills

• Proven actuarial experience in the Lloyd's Market, ideally including knowledge of reporting under IFRS17 and Solvency II / UK.
• In depth knowledge and understanding of the underlying principles of general insurance.
• Experience of leading a small to medium sized team (junior and experienced staff) and managing multiple concurrent work strands within a time-pressured environment.
• Experience of liaising with external regulators, auditors and senior management / stakeholders, to address queries and resolve any issues arising.
• In depth knowledge, understanding and practical experience in using of a range of actuarial modelling techniques and applications for financial reporting.

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