Munich Re of Malta p.l.c. – Head of Finance Operations (m/f/d)*
Company
Munich Re
Location
Valletta , Malta
Munich Re of Malta p.l.c. (MRoM) is a subsidiary of the Munich Re Group with a portfolio of more than € 4 billion premium and a corresponding large balance sheet. The book of business stems from group-internal retrocessions and third-party reinsurance in life, health, and non-life from markets all over the world and is written in close cooperation with various units in the Munich Re Group.
MRoM is a fast growing, extremely efficient company looking for a qualified professional who is initiative-taking to lead our Finance Operations team.
The successful candidate will be occupying a role providing excellent opportunity for development and growth to senior management level in a first-class international organization. In-/external training will be supported and provided where required. This opportunity enables the successful candidate to broaden their experience, gain exposure to many different areas of business and finance operations in a short period of time, use the time here as a steppingstone for their next career step.
The position is in Malta..
Your job:
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 ECON 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, organizational 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.
• Other projects as identified.
Your profile and skills:
• University degree in accounting, reporting and finance or an equivalent qualification, e.g., ACCA.
• 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.
• Working knowledge of MR Group systems such as FSRI, SAP GT, EDWH applications, and knowledge of the Munich Re Group accounting and corporate reporting processes
• Ability to work effectively under pressure and to prioritize 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.
For any further information or clarification on this position please do not hesitate to contact Sandra Anglin-Caldwell@ SAnglin-Caldwell@munichremalta.com directly.
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