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- Tasks: Lead a finance team, oversee financial operations, and manage reporting processes.
- Company: Join Munich Re, a global leader in the insurance industry, based in beautiful Malta.
- Benefits: Enjoy a competitive salary, bonus, flexible working, generous holidays, and private healthcare.
- Why this job: Be part of a transformative role that values integrity and fosters team development in a multicultural environment.
- Qualifications: Requires a degree in finance/accounting and 7-10 years of relevant experience, preferably in (re)insurance.
- Other info: Relocation package provided for those moving from the UK to Malta.
The predicted salary is between 51000 - 85000 £ per year.
Large Global Insurance Business based in Malta is looking for a Head of Financial Operations who can lead a finance team of 20 plus to drive best practices.
The role is responsible for:
- Leading a team of junior and mid-level staff and managing the finance operations of the Company.
- Providing oversight and monitoring for financial accounting and close activities (quarterly and annual) including the preparation of Balance Sheet and Income Statement analytics for Corporate Reporting purposes.
- Managing financial operational activities and selected Group reporting processes under IFRS Accounting standards (including IFRS 17 & 9) for topics including treasury operations, investments, tax, general accounting, and Solvency II Pillar III reporting.
- Leading the execution and maintenance of accounting and reporting process inputs for Group reporting and assimilating complex financial data into timely corporate reports for internal and external purposes.
- Leading/participating in transformational activities (global and local) which will result in strong data governance, enhanced dashboard reporting capabilities, and streamlined financial close processes.
- Leading/supporting the audit activities relevant to Financial Operations topics.
- Creating a culture that values respect, integrity, honesty, and authenticity, while fostering strong team dynamics, organisational alignment, and team development.
- Supporting the CFO in strengthening the financial function and implementing initiatives according to the Company's overall strategic goals.
- Employing strong written and presentation skills and professional presence in meetings with management, external auditors, or other stakeholders.
You will need:
- University degree in accounting, reporting and finance or an equivalent qualification, e.g., ACA/ACCA/CIMA.
- 7-10 years professional, post-qualification experience in the accounting area of a (re)insurance company, and some management experience in a permanent role or project lead role.
- Expertise in reinsurance technical accounting, preferably with IFRS 17 & 9 background, and Solvency II Pillar III.
- Audit and project management experience preferred; familiarity with control design and quality control concepts, internal control monitoring, and evaluation of reporting risks.
- Experience completing and communicating technical research preferred.
- Ability to work effectively under pressure and to prioritise work; hands-on mentality; well-developed ability to delegate and monitor tasks effectively.
- Pro-active, positive attitude, career growth oriented, capable of working independently and collaborating cross-functionally, and working well within a team in a multicultural environment.
- Excellent verbal and written communication skills; fluent in business English.
The package includes:
- €85,000 base salary
- Bonus
- Relocation package
- Flexible working - 2 days in the office and 3 from home
- Generous holiday allowance
- Private healthcare
- 13% employer contribution
Head of Financial Operations (Relocation Package to Malta) employer: Michael Page (UK)
Contact Detail:
Michael Page (UK) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Operations (Relocation Package to Malta)
✨Tip Number 1
Network with professionals in the insurance and finance sectors, especially those who have experience with IFRS 17 & 9. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Munich Re.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in financial operations within the insurance industry. This knowledge will help you demonstrate your expertise during interviews and show that you're proactive about staying informed.
✨Tip Number 3
Prepare to discuss your leadership style and how you've successfully managed teams in the past. Highlight specific examples of how you've driven best practices and improved financial processes in previous roles.
✨Tip Number 4
Research Munich Re's values and mission to align your responses during interviews. Show how your personal values resonate with theirs, particularly around respect, integrity, and team dynamics, to make a strong impression.
We think you need these skills to ace Head of Financial Operations (Relocation Package to Malta)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial operations, particularly in the insurance sector. Emphasise your management experience and any specific expertise with IFRS 17 & 9, as well as Solvency II.
Craft a Compelling Cover Letter: Write a cover letter that showcases your leadership skills and your ability to drive best practices in finance operations. Mention your enthusiasm for relocating to Malta and how you can contribute to the company's strategic goals.
Highlight Relevant Qualifications: Clearly state your qualifications, such as your university degree in accounting or finance and any professional certifications like ACA/ACCA/CIMA. This will help demonstrate your suitability for the role.
Showcase Soft Skills: In your application, emphasise your communication skills and ability to work in a multicultural environment. Mention your proactive attitude and how you foster strong team dynamics, as these are key attributes for the role.
How to prepare for a job interview at Michael Page (UK)
✨Showcase Your Leadership Skills
As a Head of Financial Operations, you'll be leading a team of over 20 staff. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past, especially in high-pressure environments.
✨Demonstrate Technical Expertise
Make sure you brush up on IFRS 17 & 9, as well as Solvency II Pillar III. Be ready to discuss your experience with these standards and how you've applied them in previous roles, particularly in financial accounting and reporting.
✨Prepare for Transformational Discussions
The role involves leading transformational activities. Think about past projects where you've implemented changes that improved processes or data governance. Be ready to share specific outcomes and how you navigated challenges.
✨Communicate Effectively
Strong communication skills are essential for this position. Practice articulating complex financial concepts clearly and concisely, as you'll need to present to management and external auditors. Consider preparing a brief presentation to showcase your communication style.
