Finance Business Partner - International

Finance Business Partner - International

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy,superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

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Finance Business Partner – International

Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. This role sits within the Munich Re Specialty – Global Markets (MRSGM), a division of Munich Re that focuses on Primary Specialty Insurance.

MRSGM places business via the Lloyds and Company Markets and International Distribution Companies (IDC). MRSGM have embarked on ambitious transformation and geographic expansion initiatives. This role will be actively involved in those initiatives to deliver the ambitions. As part of this initiative, Munich Re launched project Gemini 2.0 to which leverages Munich Re’s resources to address mid-market commercial opportunities in new territories.

The Expense Planning, Analysis & Partnering team have been supporting initial stages of the expansion projects by leveraging existing resources within the team. However, the next stage of the initiatives’ implementation process requires a dedicated resource.

Reporting to the Head of Expense Planning, Analysis & Partnering within the Finance department and working with stakeholders across MRSGM, Munich Re Risk Solutions Ireland (MRRSI), Munich RE Group and Great Lakes (as the carrier for the geographic expansion initiatives), the role will work closely with the business to help making key decisions. The role holder creates active partnerships that provide real-time support and analysis within the HR and Accounts payable department and other areas of the business as well as with the Munich Re Group expense management teams.

The role has responsibility supporting Head of Expense Planning, Analysis & Partnering in the delivery of business objectives, including the production of expense and headcount reporting and expense planning & analysis for geographic expansion initiatives and shaping the infrastructure & processes to deliver these key reporting & planning outputs. The role will play a key part in providing cost and resource transparency for the initiatives and thereby supports commercial decision-making and provides insightful analysis to key decision makers for the Europe and MRSGM management teams and initiative project teams.

The role is also expected to work closely with the HR and Accounts payable team in implementing processes to support the geographic expansion initiatives.

Responsibilities:

• Build a network of contacts around the business and across MRSGM, MRRSI, Munich Re Group branches of geographic expansion countries to support delivery of business objectives
• Consistently model CFO Function values and behaviours to ensure a positive team culture
• Comfortable with numbers and the ability to clearly communicate story behind numbers
• Handle confidential salary data with complete discretion
• Support projects in scope of geographic expansion initiatives
• Planning, forecasting & reporting for headcount, vacancies and salary cost for geographic expansion initiatives
• Bonus analysis & calculations including accruals and payment reconciliations
• Produce committee paper support, and Statutory Accounts notes on Remuneration
• Ensure Salary, Payroll, Expense & headcount values reported via internal Power BI dashboards are accurate and up to datein cooperation with the Finance & Actuarial Transformation team
• Lead the expense budgeting & forecasting processes within MRSGM for geographic expansion initiatives
• Accruals management e.g. for: recruitment fees, agency fees, legal fees, project related fees and true-up for agency fees
• Work with HR and finance to simplify and streamline processes across teams and areas
• Support production of expense sections of monthly or quarterly…