Job ID: Posted: Location: London, England, United KingdomCategory: Finance, Accounting & ControllingCompany: Munich ReOur Purpose: Together, we engage with everything we have and are, to help humankind act braver and better.About Great Lakes Insurance: 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.
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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: As Chief Financial Officer (CFO) your role will collectively with other Board members, advising, governing, overseeing policy, directing, and providing leadership and general promotion of the Company so as to support its mission in accordance with its value proposition as the Munich Re preferred service provider. As the financial steward of the organisation, you will lead a large and diverse finance team which is charged with governing the implementation of our business plan in accordance with shareholder’s expectations and executing leadership responsibility for all finance and reserving functions.
As part of the accountable Executive team, you will maintain and develop values and reputation of the Company, in particular manage the relationship with all regulatory bodies and be a trusted advisor to the local Board of Directors. Key Responsibilities: Manage the direct reporting lines from the UK finance and finance actuarial teams, plan and steer capacities and oversee the service and project deliveries of the outsourced finance activities Accounting of all technical and non-technical items and interfaces to external parties such as agents, pools, banks, insurers and reinsurers in addition to overseeing the service company interaction of MRUKS with other Munich Re units based in London. Planning, forecast and controlling of financial activities and operational performance, technical, non technical and cash management.
Budgeting and cost planning and controlling for UK units serviced by MR UK Services Oversight and steering of all local capital management activities, including asset liability management, dividend policy and stakeholder management thereof both locally and with the headquarter. Management of all cash flows and
Chief Financial Officer, Great Lakes in Kennington employer: Munich Re
Munich Re is an exceptional employer that fosters a collaborative and innovative work culture in the heart of London. With a strong emphasis on employee growth, we offer numerous opportunities for professional development and mentorship, ensuring that our team members thrive in their careers. Our commitment to cutting-edge technology and Agile practices not only enhances job satisfaction but also positions our employees at the forefront of the insurance industry.
