Finance Systems Analyst

Company Great Lakes Insurance SE Location London, United Kingdom
Together, we engage with everything we have and are, to help humankind act braver and better.
About Great Lakes Insurance SE:
As specialty provider of primary insurance services in the UK, Great Lakes Insurance SE, UK Branch is a substantial part of our parent, Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE currently operates from its Head Quarter in Munich, and via branch offices in UK, Switzerland, Italy and Australia.
In the UK, Great Lakes is currently undergoing the authorisation process from the Prudential Regulatory Authority and Financial Conduct Authority for a Third Country Branch and a Subsidiary. These two entities will secure our future in the primary insurance service market in a post-Brexit world, by enabling us to continue writing our existing business.
About the role: As a finance systems analyst your role will be to contribute to improving all finance systems, providing systems process enhancements, solutions to “painpoints” & driving new opportunities & initiatives for continuous finance systems improvements. To be responsible for applying a thorough knowledge of company’s finance functions to implement, integrate, troubleshoot and maintain financial systems, workflows and processes. You will work with staff to identify workflow gaps and generate automatic processes and reports from different data sources. Develop reusable & scalable improvements for finance related IT systems and embed in day to day business as usual.
Key Responsibilities:
Support and/or develop financial reports; assist in analyzing financial reporting requirements. Identify & design process improvements in relation to financial systems, related workflow processes and approvals.
Serve as business lead and subject matter expert in company business processes for the implementation of new or revised Financial reporting system, processes, related systems and procedures
Use project management skills in managing assigned projects. May provide overall project management and business analysis for a given Financial initiative.
Assist in identifying and defining systems & process alternatives capable of meeting business needs.
Utilize standard reporting tools to write, maintain & support a variety of reports/queries.
Maintain data integrity in systems by running queries and analyzing data.
Develops standardized reports for customer to help them to monitor their processes-working with departmental staff to identify these requirements.
Develop documented guidelines and develop workflow systems process maps and training manuals to generate better understand of “ how we should do things”, generating efficiency in operations and sharing knowledge
Plan and provide/arrange training classes for staff as needed on the use of Financial/reporting systems, including initial training for new users, training on new processes or training to groups on specific functionality.
Support best practices for system and process change management, documentation of system processes and business practices & the development of standards for processes
Drives results You consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind.
Decision quality You make good and timely decisions to keep things moving, using analysis, experience and judgement.
Customer focus You build and maintain strong customer relationships, paying attention to their needs and adapting as this evolves.
Business insight You are able to apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
Cultivates innovation You create new and better ways for Munich Re to be successful e.g. generating ideas, improving operational processes, harnessing new technology etc.
Persuades You use compelling arguments to gain the support, buy-in and commitment of others.
Manages ambiguity You continue to operate effectively even when things are uncertain and the way forward is unclear.
Courage You are not afraid to step up to address difficult issues, saying what you believe needs to be said. You are willing to challenge the status quo, recognising opportunities to do so.
Key Skills & Experience:
Strong communication skills with all different types of stakeholders.
Be confident with facilitating, presenting & negotiating skills
Demonstrable experience of project management
Being hands on with business process design and change management
Business analysis skills from feasibility study through to delivery
Strong understanding of IT business architecture design and operating models.
Experience with process enhancements using better structured tasks & IT solutions
Ability to work with third parties and offshore development teams.
Advanced Excel skills (VBA Macros, SUMIF, INDEX & MATCH, Power Query-linking various data sources)
MS Office with Python
Good understanding of systems development life cycle & relevant iterative agile systems improvements
Good experience in leading and guiding new and unexperienced team members.
Data process mapping
Support the managing finance projects end to end
Support cross-over between IT and Finance with critical thinking (analyse, reasoning, evaluating, problem solving, decision making, analysing again)
Support business modelling & Requirements engineering
Look for innovative ideas for improvement in finance/IT
Experience in budgeting projects in line with scope requirements and associated risks and resource requirements
Experience with Digital Finance Platform Data extractions Queries
Qualifications and Educational Requirements:
Business Analyst with extensive systems experience
Ability to work independently & take responsibility for deliverables
Proven Insurance & finance sector knowledge
Thought Leaders:
You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
You will treat your colleagues and sales and business partners fairly and with respect
Regulatory & Conduct Requirements:
Over the coming years, the branch will transition to a third country branch to continue to operate post Brexit. Therefore, in addition to the responsibilities set out above, the xxxx role/function will also become responsible for:
Satisfying all regulatory reporting requirements in collaboration with the reporting function
Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship [insert any prescribed responsibilities]
Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules
You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%
About us
You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning
You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders
We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn
You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions
We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged
Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees
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