Financial Analyst - Finance Automation & Process Improvement

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About Great Lakes Insurance SE:

 As specialty provider of primary insurance services in the UK, Great Lakes London Branch (“GLLB”) is a substantial segment within Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral insurance platform of Munich Re Group’s Global and Specialty Insurance (GSI) Unit.

Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency and speciality insurance business in the UK.

About the role:

This role supports the continuous improvement of finance processes across Great Lakes Finance UK. The successful candidate will leverage strong finance knowledge, process expertise and analytical skills to identify inefficiencies, strengthen controls, improve data quality and enhance reporting and decision-making across the finance function.

The role is focused on delivering practical, sustainable improvements that simplify processes, reduce manual effort and improve business outcomes. Automation, data and emerging technologies, including AI-enabled solutions, are important enablers and will play a key role in supporting the continued evolution of the Finance function.

Key Responsibilities:      

• Identify and deliver improvements to finance processes, reporting activities and controls, improving efficiency, data quality and business outcomes.
• Translate business requirements into practical process improvements, reporting enhancements and automation solutions.
• Develop and maintain reporting, dashboards and analytical tools that improve transparency, insight and reduce manual effort.
• Ensure process improvements and automation solutions are appropriately tested, documented, controlled and embedded into business-as-usual operations.
• Support adoption of new processes and tools through training, guidance and knowledge sharing.
• Represent Great Lakes Finance UK on cross-functional initiatives relating to finance processes, reporting and automation, ensuring finance requirements are appropriately reflected.

Competencies:

Drives results You consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind.

Decision quality You make good and timely decisions to keep things moving, using analysis, experience and judgement.

Customer focus You build and maintain strong customer relationships, paying attention to their needs and adapting as this evolves.

Business insight You are able to apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.

Cultivates innovation You create new and better ways for Munich Re to be successful e.g. generating ideas, improving operational processes, harnessing new technology etc.

Persuades You use compelling arguments to gain the support, buy-in and commitment of others.

Manages ambiguity You continue to operate effectively even when things are uncertain and the way forward is unclear.

Courage You are not afraid to step up to address difficult issues, saying what you believe needs to be said. You are willing to challenge the status quo, recognising opportunities to do so.

Key Skills & Experience:

• Strong finance background, gained within insurance, reinsurance or another regulated environment.
• Strong understanding of finance processes, reporting, controls and governance requirements.
• Demonstrated experience identifying inefficiencies and delivering practical process improvements.
• Strong analytical and problem-solving skills with the ability to translate business requirements into sustainable solutions.
• Hands-on experience using SQL, Power Query and/or Python to improve finance processes, reporting and decision-making.
• Experience leveraging AI-enabled tools to improve productivity, analysis or business processes.
• Strong communication and stakeholder management skills.

Qualifications and Educational Requirements: 

• Degree, professional qualification, or equivalent relevant experience.
• Relevant experience in finance, finance operations, reporting, financial control, technical accounting or related finance roles, including delivery of process improvement initiatives and implementation of sustainable solutions.

Thought Leaders:

You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect

Regulatory & Conduct Requirements:

• Satisfying all regulatory reporting requirements in collaboration with the reporting function
• Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

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. 

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!

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.