At a Glance
- Tasks: Join our Claims Governance Team to deliver insightful reports and support strategic decisions.
- Company: Great Lakes Insurance SE is a leading provider of primary insurance services in the UK, part of Munich Re Group.
- Benefits: Enjoy 25 days annual leave, private medical insurance, and a generous pension plan with fully paid family leave.
- Why this job: Be part of a culture that values innovation, diversity, and personal growth while making a real impact.
- Qualifications: Strong data analysis skills, proficiency in Excel and Power BI, and experience in insurance or reinsurance required.
- Other info: We welcome diverse candidates and encourage applications even if you don't meet every requirement.
The predicted salary is between 36000 - 60000 £ per year.
Together, we engage with everything we have and are, to help humankind act braver and better.
About Great Lakes Insurance SE: As a specialty provider of primary insurance services in the UK, Great Lakes London Branch (“GLLB”) is a substantial part of 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 part of the Munich Re Group. Great Lakes Insurance SE operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy, and Australia. Great Lakes Insurance UK Limited (“GLLS”), regulated by the 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 insurance business in the UK in the post-Brexit world.
About the role: As a crucial member of the Claims Governance & Reporting Team, you will be accountable for delivering high-quality, timely, and accurate reporting and management information (MI) to support key decision-making processes. Your primary responsibility will be to assist the Head of Claims Governance and Reporting in producing comprehensive board, committee, and management meeting packs, as well as designing and generating insightful MI reports and dashboards.
- Deliver accurate, timely reports and insights to support strategic decision-making.
- Analyse claims data to identify trends, risks, and opportunities for improvement.
- Collaborate on reporting strategies that meet business and regulatory standards.
- Support system changes and projects to enhance operational efficiency.
- Ensure data accuracy, integrity, and compliance across all reporting outputs.
Key Responsibilities:
- Collect, structure, and analyse client data to ensure consistency and accessibility.
- Validate metrics and enhance data quality for accurate reporting.
- Produce claims portfolio analysis, including root cause and performance insights.
- Lead data flow projects and coordinate with internal and external stakeholders.
- Act as product owner for claims analytics tools and develop project roadmaps.
- Use statistical tools to identify patterns for diagnostic and predictive analysis.
- Support audits, due diligence, and regulatory reporting, including loss runs.
- Contribute to strategic initiatives (e.g. conduct risk, KPIs, consumer duty).
Skills & Experience Required:
- Strong skills in data analysis, interpretation, and reporting.
- Proficiency in Excel, Power BI, Azure DevOps, VBA, and DAX.
- Experience in data transformation and dashboard development.
- Knowledge of insurance/reinsurance and delegated claims oversight.
- Strong problem-solving, communication, and organisational skills.
- Experience in project and product ownership.
- Comfortable working independently in a dynamic, change-driven environment.
- Familiarity with SQL, R, or other statistical tools.
- Exposure to market systems and delegated claims MI (BDX/Audit/Due Diligence).
- Multilingual skills are a plus.
Regulatory & Conduct Requirements:
- Understanding the responsibilities and adhering to the requirements of undertaking in an FCA/PRA regulatory environment.
- Ensuring compliance with Insurance Distribution Directive.
- Satisfying all claims-related regulatory reporting requirements in collaboration with the reporting function.
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA’s Conduct Rules.
You will be rewarded with a great compensation package, on-target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid 6 months family leave for times when you need it the most.
About us: You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning. You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders. We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn. You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions. We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged. At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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.
Senior Claims Operations MI Analyst employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Operations MI Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in claims management and reporting. Understanding the current landscape will help you engage in meaningful conversations during interviews and demonstrate your knowledge of the industry.
✨Tip Number 2
Network with professionals in the insurance and reinsurance sectors. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at Great Lakes Insurance.
✨Tip Number 3
Brush up on your data analysis skills, particularly in Excel and Power BI. Being able to showcase your proficiency in these tools during discussions can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with regulatory compliance and how it relates to the role. Being able to articulate your understanding of FCA/PRA requirements will show that you are well-prepared for the responsibilities of the position.
We think you need these skills to ace Senior Claims Operations MI Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in data analysis, reporting, and the insurance sector. Use keywords from the job description to demonstrate that you meet the specific requirements of the Senior Claims Operations MI Analyst role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills in Excel, Power BI, and data transformation align with the responsibilities outlined in the job description. Share specific examples of past achievements that showcase your analytical abilities.
Showcase Relevant Skills: Highlight your proficiency in statistical tools and any experience with SQL or R. Mention your familiarity with regulatory environments and how you ensure compliance in your work. This will demonstrate your readiness for the challenges of the position.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a role focused on data accuracy and reporting.
How to prepare for a job interview at Munich Re
✨Showcase Your Data Skills
As a Senior Claims Operations MI Analyst, your ability to analyse and interpret data is crucial. Be prepared to discuss specific examples of how you've used tools like Excel, Power BI, or SQL to generate insights and support decision-making in previous roles.
✨Understand the Insurance Landscape
Familiarise yourself with the insurance and reinsurance sectors, especially in relation to claims oversight. Demonstrating knowledge about industry trends and regulatory requirements will show that you are well-prepared and serious about the role.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and how you handle data-related challenges. Think of scenarios where you've successfully led projects or improved processes, and be ready to explain your thought process and outcomes.
✨Emphasise Collaboration and Communication
This role requires working closely with various stakeholders. Highlight your experience in collaborating with teams and communicating complex data insights clearly. Share examples of how you've facilitated discussions or led initiatives that required teamwork.