About the Role
As a crucial member of the Delegated Authority Claims Team, you will be accountable for delivering high-quality, timely, and accurate reporting and management information (MI) to support key decision-making processes.
Responsibilities
- Produce accurate and timely reports, Management Information, and analysis to inform business-critical decisions.
- Conduct in-depth analysis of claims data to identify underperformance, trends, concerns, and themes, providing actionable insights.
- Develop and implement effective reporting strategies, ensuring reports meet required standards of quality, accuracy, and timeliness.
- Provide expert support for workshops and projects related to system changes, implementation, and enhancements.
- Maintain the highest standards of data integrity, ensuring reports and MI are reliable, accurate, and compliant with regulatory requirements.
- Transform claims data into reliable insights that support portfolio oversight, operational improvement and informed decision-making.
- Structure data, identify trends and translate complex analysis into clear management information.
- Design, develop and maintain robust data models that ensure consistency, comparability and integrity across all clients’ data.
- Validate and improve metrics and data quality to ensure calculations are accurate.
- Create KPI reports for internal stakeholders analysing claims portfolios in support of internal oversite activities and business decisions.
- Create roadmaps for the life cycle of data projects.
- Use statistical tools to interpret data sets, detecting trends and patterns for diagnostic and predictive analytics.
- Assist with the preparation of loss runs and claims selection for audits and due diligences.
- Participate in special projects and ad hoc reporting.
Requirements
- Associate degree/BA and at least 5 years data analysis experience.
- Experience in connecting data sources, importing data and transforming data.
- Working knowledge of insurance & reinsurance.
- Strong analytical skills with the ability to collect, organise, analyse and disseminate significant amounts of information with attention to detail and accuracy.
- Very good understanding of processes, workflows and data structures.
- Ability to work independently in a dynamic environment, results-driven and practical approach to work products.
- Proactive in identifying process improvements and adaptive to change.
- Understanding the responsibilities and adhering to the requirements of undertaking in an FCA/PRA regulatory environment.
- Ensure compliance with Insurance Distribution Directive.
- Satisfy all claims-related regulatory reporting requirements in collaboration with the reporting function.
- Ensure compliance with Munich Re’s Code of Conduct and the FCA’s Conduct Rules.
- This role is in scope of IDD.
Skills
- Microsoft Office (Excel, Power BI)
- Azure DevOps
- VBA
- DAX
- Developing visual reports, dashboards and KPI scorecards using Power BI.
- SQL
- R or Python
- Confident and articulate communicator
- Client aware
- Analytical
- Numerate
- Self-motivated
- Attentive to detail
- Able to assimilate and summarise information
- Able to work to deadlines and adhere to guidelines/standards
Location
- UK
Work Type
- Full-time
Experience Level
- 5 years data analysis experience
Education Level
- Associate degree/BA
Benefits
- On target bonus
- 25 days annual leave with the option to purchase more
- Private medical insurance
- Employers' contributory pension of 10%
- Fully paid 6 months family leave
About the Company
- Great Lakes Insurance SE is a specialty provider of primary insurance services in the UK.
- Great Lakes London Branch (“GLLB”) is a substantial part of 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 operates from its headquarters in Munich, and via branch offices in UK, Ireland, Switzerland, Italy and Australia.
- Great Lakes Insurance UK Limited (“GLLS”), regulated by Prudential Regulation Authority and the Financial Conduct Authority, is a fully owned subsidiary of Great Lakes Insurance SE and acts as the preferred facilitator of agency insurance business in the UK in the post-Brexit world.
Equal Opportunity
- At Munich Re, embracing the power of differences is at the core of who we are.
- We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better.
- 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.
- 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.
- All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.
