Head of Financial Reporting

Job title: Head of Financial Reporting

Company: Munich Re


Job description: Role: Head of Financial ReportingLocation: Manchester (hybrid working – days per week in office)PermanentJob Purpose:This is a key finance leadership role that will provide the CFO support to ensure accurate and timely financial reporting to the ultimate parent Munich Re, financial statements and other regulatory reporting within all relevant jurisdictions.The Head of Financial Reporting will lead a team of qualified accountants supporting all the businesses within EIL, EISL and MD Group to deliver effective monitoring and reporting of the company’s capital and financial position. The role includes delivery of Solvency II reporting, ORSA, Statutory accounts and corporation tax returns and other levies.Key Responsibilities:

• Provide leadership to a team of qualified accountants supporting HSB UK&I and MD Group entities
• Act as people manager to two managers and a technical accountant, including co-ordination of team workload, carrying out performance management and contributing to development opportunities
• Ensure effective monitoring of the company’s capital position under Solvency II and ORSA for HSBEIL, and RMAR under FCA for MD companies.
• Manage the provision of accurate and timely internal financial reporting to Group and Parent (eg affiliate packs, ECON submissions and Solvency II)
• Own and co-ordinate the external audit of all HSB UK&I and MD Group entities financial statements, including Solvency II for HSBEIL
• Support the CFO on future strategic projects and business decisions which require capital impacts, including financial and capital information relevant for purchase of reinsurance
• Oversee timely and accurate regulatory reporting in the UK and Ireland for Solvency II, UK GAAP financial statements, Corporation tax returns, including other ad hoc reporting for ONS, FCA and rating agencies as required.
• Co-ordinate submissions for the quarterly Finance, Audit, Compliance and Risk Committee.
• Ensure active monitoring and impact assessment is carried out for changes in financial reporting standards and relevant regulations and deliver training on new standards for finance staff as required.

Key Skills & Experience:Essential

• Experience in financial accounting, and financial reporting.
• Up to date knowledge of IFRS and UK GAAP accounting standards.
• Strong knowledge of SII requirements in the UK and Europe
• Strong analytical skills.
• Strong communication skills, both written & verbal
• Fluent using Microsoft packages i.e. Excel.

Desirable

• Experience working in a similar organisation.

Additional Skills & Responsibilities:

• Work using own initiative and take advantage of opportunities.
• Ability to work to time scales and deadlines.

Qualifications & Educational Requirements:

• Qualified accountant (ACA, ACCA, CIMA or equivalent)

Benefits:A snapshot of some of our benefits:

• Agile/Hybrid working
• Private Healthcare (Aviva)
• Aviva Digital GP
• Employer Pension contribution of 13%
• Annual bonus
• Professional qualification support
• 25 days annual leave (plus bank holidays)
• x2 wellbeing days per year

At HSB Group (including Premier Guarantee), 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.

Expected salary:

Location: Manchester

Job date: Wed, 16 Jul 2025 01:10:50 GMT

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