Title:  RIC1.2 Head of Department Global IT Controlling (m/f/d)

in the Central Division Reinsurance Controlling (RIC)

Reinsurance Controlling consolidates all controlling tasks and related reporting for the reinsurance business segment.  In this capacity it should act as a trusted and impartial advisor to management, providing fair and insightful analysis of the business. The department Global IT Controlling (RIC1.2 is responsible for planning and monitoring (budget-, staff and mid-term planning) and the accounting and allocation of the reinsurance group’s global IT RUN expenses (internal and external). In this capacity, the department has to work closely with the IT Finance functions in ERGO to accommodate the global resp. group wide set up of the IT organization and ensure a consistent group wide view on IT expenses. Besides, the department is in charge of planning and monitoring of the reinsurance group’s investments (including IT Transform / project portfolio).

YOUR JOB

• Managing and developing a global team consisting of 4 sections and in total a team of  approx. 30 FTE of which approx. 10 FTE are located in the IO
• Operational responsibility and ownership of all IT planning and forecasting processes
• Operational responsibility and ownership of all accounting and closing processes for the reinsurance IT SSOs
• Constant improvement of underlying processes and tools around forecasting, benchmarking, business cases and budget management
• Assessment of the development of expenses towards the IT senior management and other stakeholders (e.g. CFO departments, board of management) in standard reports and ad-hoc analyses and communication of results to CIO and IT senior management in close cooperation with the ERGO IT finance team
• Early identification and analysis of trends and developments, as well as deriving appropriate recommendations to support the decision making of senior executives
• Assessment of investment/business cases in the reinsurance group in IT but as well for Non-IT
• Management of and participation in different IT internal development projects
• As an Executive Manager, supporting the wider strategy and objectives of the Central Division RIC. Management of and participation in different IT internal development projects
• Acting as “IT-CFO” and partner with IT-Senior Management as well as with the respective members of the Board of Management

YOUR PROFILE

• University degree in an economics discipline or information technologies
• Sound operational knowledge and very good knowledge of the management systems in use at Munich Re (especially SAP-CO and Global Template) and accounting in an insurance company (IFRS, HGB, Solvency II)
• Profound knowledge of IT in financial industries/insurance as a strong plus
• High systems and data affinity, with the rigor and attention to detail needed to deliver reliable and timely information while respecting project budgets
• Strong leadership experience in leading (global) teams, preferably in different regions, functions and entities. Proven track record of building high performing international teams as well as motivating and empowering people

• Very highly developed analytical and conceptual skills
• Highly client- and service-oriented
• High level of commitment, readiness to accept new ideas and capacity for innovation

Job Evaluation: not yet graded (requested: C)

Please use the online application and submit it by 2024/07/18 at the latest (10-day deadline).

Our general internal job advertisement (ISA) guideline can be found on MR Web München at ME@MUNICHRE >> Arbeitsrecht & Regelungen >> ISA-Richtlinie. Information on selection procedures for senior and management positions can also be found in the ISA Guideline.

About us 

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.  

Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. 

Sounds like you? Push boundaries with us and be part of Munich Re. 

Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below. 

Unlock your potential

• Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
• Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
• Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.

Rewards & Recognition

• Competitive salary: appropriate compensation for your high level of commitment.
• Retirement provision: state of the art in-house pension solutions.
• Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
• Health management: focus on your physical and mental health far beyond legal requirements. 
• Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.

* Munich Re not only stands for fairness with regard to its clients; it is also an equal  opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified. 

Münchener Rückversicherungs-Gesellschaft

Heidi Feldmeier, Senior HR Business Partner. Königinstraße 107, 80802 München, GERMANY