Actuarial Transformation Analyst

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.

We are currently looking for a Transformation Analyst to be based in London on a full-time basis, reporting into the Transformation Manager.

As part of the Finance and Actuarial transformation team, you will support the change ambitions of Munich Re Specialty – Global Markets. You will be responsible for leading projects that impact all parts of actuarial. You will work closely with the actuarial, finance, IT and change colleagues on a variety of actuarial focused projects across capital, reserving and pricing.

Using your actuarial experience, you will ensure the delivery of all parts of the project lifecycle from the drafting of business requirements, design of business processes, review of deliverables, managing testing processes and roll out and support of new processes and systems.

Ability to adapt to all different sizes and types of projects will be essential as you help our partners and internal team members navigate their way through all elements of new processes and ways of working.

Responsibilities:

• Working with stakeholders to develop business cases for initiatives.
• Capture, define, prioritise, document, challenge and explain business requirements based on project objectives and outcomes.
• Document and review existing processes and tools. Provide feedback on pain points and proposals for improvement.
• Developing business processes for handing over to BAU teams, including appropriate controls.
• Contribute to project planning using both waterfall and agile methods as appropriate.
• Review and sign off IT specifications.
• Develop and execute testing approach for assigned projects.
• Using relationships across the business to identify areas to improve processes and align approaches across teams.
• Proactively support wider change initiatives.
• Comply with the MRS-GM data strategy.
• Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders.

Knowledge and Skills:

• Experience in leading transformation projects.
• Excellent stakeholder management across all parts of the business – BAU teams up to C-suite.
• Strong technical knowledge of actuarial techniques, financial reporting and/or insurance pricing.
• Ability to build and sustain strong working relationships with a variety of internal and external customers.
• Understanding of wider business goals and how the finance and actuarial teams support this.
• Knowledge of insurance policy administration, policy lifecycles and workflows.
• Knowledge of the insurance market and how eco-systems are structured within it.
• Ability to work independently and take ownership for delivery of requirements.
• Demonstrable ability in identification of pain points and development of solutions in an actuarial function (can be as part of a BAU role).
• Experience in writing and reviewing business requirements, testing approaches and process documentation.
• University Degree and/or relevant professional qualification.
• Qualified actuary with at least 5 years post qualification experience.
• Knowledge of Lloyd’s market practices including actuarial and financial deliverables.

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!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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.

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.

Learning and Innovating

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Benefits:

• Critical illness insurance + Life Assurance + Permanent Health Insurance.
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility).
• Electric Vehicle Salary Sacrifice Scheme.
• Study & Continuing Professional Development Support.