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For Companies At a Glance
- Tasks: Lead a finance team and manage financial operations for a global insurance company.
- Company: Join Munich Re, one of the largest insurance businesses in the world, based in Malta.
- Benefits: Enjoy a competitive salary, bonus, relocation package, flexible work, and generous holidays.
- 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, including management.
- Other info: Fluent English is essential; experience with IFRS 17 & 9 and Solvency II preferred.
The predicted salary is between 51000 - 85000 £ per year.
Head of Financial Operations – Large Global Insurance Business based in Malta
Client Details
I am working on an exciting and unique opportunity, based in Malta, for a Head of Financial Operations role for Munich Re, one of the largest Insurance Businesses in the world. The business is looking for someone to relocate to Malta from the UK, who can lead a finance team of 20 plus to drive best practices.
Description
The role is responsible for:
- Leading a team of junior and mid-level staff and managing the finance operations of the Company. The position is responsible for:
- 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. This includes the 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, ensuring the achievement of appropriate automation, integration, and synergies in finance operational processes and controls.
- Leading/supporting the audit activities relevant to Financial Operations topics.
- Create a culture that values respect, integrity, honesty, and authenticity, while fostering strong team dynamics, organisational alignment, and team development.
- Support the CFO in strengthening the financial function and implementing initiatives according to the Company\’s overall strategic goals to ensure the finance operations area is fit and proper for the challenges ahead.
- Employ strong written and presentation skills and professional presence and interactions in meetings with management, external auditors, or other stakeholders.
Profile
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.
Job Offer
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
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Head of Financial Operations (Relocation Package to Malta) employer: Michael Page
Contact Detail:
Michael Page Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Financial Operations (Relocation Package to Malta)
✨Tip Number 1
Familiarize yourself with the specific financial regulations and standards relevant to the insurance industry, especially IFRS 17 & 9. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role's requirements.
✨Tip Number 2
Network with professionals in the insurance sector, particularly those who have experience in financial operations. Engaging with them can provide insights into the company culture at Munich Re and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your leadership style and how you've successfully managed teams in the past. Highlighting your ability to foster a positive team culture and drive operational excellence will resonate well with the hiring managers.
✨Tip Number 4
Research the latest trends in financial operations and data governance within the insurance industry. Being able to speak knowledgeably about these topics during your interview will set you apart as a forward-thinking candidate.
We think you need these skills to ace Head of Financial Operations (Relocation Package to Malta)
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and requirements of the Head of Financial Operations position. Tailor your application to highlight your relevant experience in financial operations, team leadership, and IFRS standards.
Highlight Relevant Experience: In your CV and cover letter, emphasize your 7-10 years of professional experience in accounting within a (re)insurance company. Include specific examples of your management experience and any transformational activities you've led.
Showcase Your Skills: Demonstrate your strong written and presentation skills in your application. Use clear and concise language to convey your expertise in financial reporting, audit activities, and project management.
Express Your Motivation: In your cover letter, express your enthusiasm for relocating to Malta and your commitment to fostering a positive team culture. Highlight your proactive attitude and career growth orientation to align with the company's values.
How to prepare for a job interview at Michael Page
✨Showcase Your Leadership Skills
As a Head of Financial Operations, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past. Highlight any transformational activities you've led that resulted in improved processes or team dynamics.
✨Demonstrate Technical Expertise
Make sure to brush up on your knowledge of IFRS 17 & 9, as well as Solvency II Pillar III. Be ready to discuss your experience with financial accounting and reporting, and how you've applied these standards in previous roles. This will show that you have the technical background necessary for the position.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and how you handle pressure. Prepare scenarios where you've had to prioritize tasks or manage tight deadlines, especially in a finance context. This will demonstrate your ability to thrive in a fast-paced environment.
✨Communicate Effectively
Since excellent verbal and written communication skills are crucial for this role, practice articulating your thoughts clearly and concisely. Be ready to present complex financial data in an understandable way, as you may need to explain your insights to stakeholders or management during the interview.
