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 adaptablestrategy, 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.
Head of Regulatory Reporting
We are looking for a Head of Regulatory Reporting to join our London City office with hybrid working of 3 days per week in the office.
As a senior leader within Munich Re Specialty Global Markets (MRSGM) Finance Function, this role is accountable for best in class financial, Lloyd’s, and statutory reporting and for robust capital management across MRSG entities, underpinned by strong governance and effective control. The position accelerates the Finance function’s shift to a digitally enabled, process led, and insight driven model—embedding regulatory change, integrating ESG disclosures into financial reporting, and ensuring data integrity that supports executive decision making and Board level visibility.
Responsibilities
- Lead and develop a high‑performing team of finance professionals, fostering accountability, technical excellence, and continuous improvement.
- Actively participate in the Finance Subcommittee, Risk & Capital Committee (R&CC) Sub group and investment committee, shaping agenda topics, ensuring high quality reporting, and supporting strategic financial decision making.
- Establish clear objectives, delegation and succession plans within the regulatory reporting team, ensuring appropriate cover, resilience and capability.
- Own the end to end delivery of Group, statutory, and Lloyd’s reporting (actuals, forecasts, disclosures and governance packs), ensuring accuracy, completeness, and timely submission to Munich Re Group and external stakeholders.
- Monitor, interpret, and implement regulatory and accounting changes (e.g., IFRS/FRS and Lloyd’s requirements), translating them into executable plans, updated controls, and process enhancements.
- Own and continually improve the financial controls of the function via quarterly audit files across multiple entities; and coordinating with auditors to secure strong outcomes and robust close cycles.
- Maintain ledger integrity and policy compliance across IFRS and applicable local GAAPs, with auditable evidence and high data quality standards.
- Lead capital management activities for MRSGM, including planning, monitoring, and reporting of capital adequacy and related regulatory tests.
- Provide insight and recommendations on capital drivers, sensitivity analysis, and the impact of business change or regulatory developments on capital needs.
- Ensure clear alignment between capital reporting, business planning and regulatory submissions.
- Lead and support transformation initiatives that impact regulatory and external reporting, ensuring process design, controls, and data flows meet audit and regulator expectations.
- Design/refresh process maps and control frameworks for intercompany, Lloyd’s, statutory, and ESG reporting; implement pragmatic data quality checks and reconciliation routines.
- Champion digital enablement and standardisation within reporting processes to improve cycles time, control, and transparency.
- Define and monitor key control and process performance indicators (e.g. close timetables, audit findings, re‑work rates).
- Act as primary contact for intercompany and regulatory reporting matters within MRSGM.
- Build effective relationships with Syndicates, IDCs, MGAs, and other internal partners to facilitate accurate, timely reporting and reconciliations.
- Engage proactively with auditors and regulators to support annual reports, regulatory filings, thematic reviews, and audit queries.
- Present and explain regulatory and statutory reporting matters to senior governance forums, as required.
Knowledge And Skills
- ACA, ACCA, CIMA (or equivalent) with 10+ years post‑qualification experience in insurance or financial services.
- Strong analytical and problem‑solving skills; ability to interpret complex financial and non‑financial data.
- Expertise in IFRS, Lloyd’s reporting, and regulatory frameworks.
- Ability to design clear process flows and documentation.
- Excellent attention to detail and accuracy in reporting.
- Strong communication skills for influencing and collaboration.
- Ability to work independently, prioritise, and deliver under tight deadlines.
- Proven ability to identify issues, analyse root causes, and implement solutions.
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 geographical 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.
Benefits
- 25 days Annual Leave + Bank Holidays
- 10% Non‑contributory Pension
- Eligibility for an Annual Bonus
- Private Medical + Dental Insurance
- 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
- Hybrid Working + IT Home Set‑up Support
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