Together, we engage with everything we have and are, to help humankind act braver and better.
About UK Life Branch:
With the office in Munich, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So we need a smart strategy and structure in order to succeed.
At UK & Ireland Life we have three pillars to our business strategy: Protection, Longevity and Structured reinsurance. All three are key to the success of our business so it’s important to look at the big picture.
In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world’s largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable.
About the Role:
Solvency II Reporting Lead role is for a high-calibre individual with extensive actuarial experience who will be a manager within the UK Financial Reporting team. The team focuses on meeting the financial reporting requirements of the Branch, full analysis, communication and strategic management information. The job holder is responsible for the key deliverables for Solvency II reporting across all lines of business, contributions to team efficiency gains and development, as well as supporting ambitious growth plans.
Key Responsibilities:
- Quarterly and annual cashflow production and reporting with full analysis and communication for valuation purposes under SII regime.
- Annual CLR, UK Risk Management and PRA deliverables.
- Co-ownership of monthly Finance Dashboard, a key monitoring instrument for UKLB ExCo.
- Regional reporting responsibilities, providing support for Head of FR.
- Input into annual planning process, with regular updates for strategic steering.
- Working closely with the IFRS Reporting Lead and Deputy Head of FR, ensuring continuous alignment between IFRS and SII reporting, which is vital for efficiency and supporting business steering and decision-making.
- Wide-ranging support across team on VBM metrics and other areas as needed.
- Line management and project management responsibilities, including strong contributions to positive development of Financial Reporting as a team aligned with Ambition 2030 priorities.
- Active collaboration and relationship management across UKLB to ensure that inputs (including data and assumptions) to Financial Reporting are appropriate, timely and reliable, as well as regional and central units.
- Key contributions to audit activities.
- Oversight of written reports, documentation and oral communication/presentations of results and methods employed.
Competencies:
Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.
Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.
Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.
Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.
Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.
Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.
Key Skills & Experience:
- Proven actuarial experience in relevant life insurance areas, with a majority thereof in the UK market.
- Broad technical expertise in life insurance valuation and financial reporting.
- Expertise in Solvency II, with IFRS and other relevant regulations desired.
- Proven track record in line management and people development.
- Effective management of deliverables, own and team workload, with a strong focus on delegation.
- Excellent verbal and written communication skills, necessary for presentation and discussion of results and report production.
- Taking initiative and employing a Growth Mindset approach to solving problems and learning.
Desired Qualifications and Educational Requirements:
Qualified or near-qualified actuary with established experience in relevant life insurance areas.
People Leader:
You are aware of your role (as a leader) in being able to influence your team structure and culture to promote principles of diversity and inclusion.
You strive to continuously educate yourself on best practice for inclusive leadership.
You demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
You support a culture in which high ethical conduct is recognised, valued and embodied by all
You treat everyone fairly and with respect.
Regulatory & Conduct Requirements:
In addition to the responsibilities set out above, the Solvency II Reporting Lead will also be responsible for:
- Satisfying all regulatory reporting requirements in collaboration with the reporting function.
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.
Benefits
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%
We are one of the few employers to offer fully paid 6months family leave for times when you need it the most.
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
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. You might just be the candidate we are looking for!
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.
Application closing date : 13th June 2026
