Global Head of Insurance Closing & Reporting (m/f/d)

Area of Expertise : Finance & Accounting

Unit : Allianz Commercial

Employing Entity : Allianz Global Corporate & Specialty SE

Job Type : Full-Time

Remote Job : Hybrid working

Employment Type : Permanent

ID : 54094

Global Head of Insurance Closing & Reporting (m / f / d)

Let’s care for tomorrow.

Whether it’s aircraft, international business, offshore wind parks or film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

Allianz Global Corporate & Specialty (AGCS) remains the name of our legal entity, with subsidiaries around the world.

We are looking for a new Head of Global Insurance Closing & Reporting (m / f / d), based in our Unterföhring office, Munich.

Your Team

Reporting to the Global Head of Accounting, Treasury & Tax, you will manage the Global Insurance Closing & Reporting (GICR) function with processes in all legal insurance carriers of AGCS.

You will have management responsibility for about 60 employees with a direct management span of 5 global teams and respective team heads.

In addition, you will have management responsibility for the extended workbench teams in Romania and India.

The Impact You Will Have

In this leadership role, you will be responsible for leading and overseeing the (re-)insurance accounting, closing and reporting processes globally across all 28 legal entities and 16 branches of AGCS, covering accounting regimes for internal Allianz Group and external regulatory reporting, ensuring accurate, timely and efficient financial closings and reports.

You will organize and maintain a coherent and efficient global organization of the function, ensuring the highest quality execution and proper internal controls.

You will promote and implement global processes and drive standardization in GICR and beyond, in cooperation with the other global and regional Accounting heads and Finance stakeholders.

Some of your specific responsibilities could include :

• Develop, define, implement and execute the vision and targets of the Global Insurance Closing & Reporting (GICR) department within the Global Accounting, Treasury & Tax (ATT) organization.
• Steer, supervise, coordinate monthly, quarterly and annual insurance accounting, closing and reporting processes, tools and tasks under IFRS and local regulatory reporting standards (e.

g. HGB and Solvency II).

• Ensure adequate internal control system, compliance of processes, reported financials in line with regulatory and internal requirements.
• Drive efficient global organizational GICR set-up and global Target Operating Model, further internationalizing the global teams across locations, including the extended workbench set-up.
• Manage the global GICR organization, provide managers and employees with guidance on overall strategic picture, set targets, priorities and monitor progress.
• Coach, develop and empower employees and managers in a continuously changing environment. Foster mindset and culture of GICR teams in line with Allianz Commercial’s global standards and ambitions.
• Present financial results, highlighting opportunities and areas of concern to the Global Head of Accounting, Treasury & Tax (ATT), the CFO, Group Accounting and other Finance stakeholders.
• Lead global and cross-functional initiatives within ATT, Finance and Allianz Commercial.
• Coordinate and manage prioritization of IT enhancement and change across Accounting functions towards the agile global Finance and Reporting & Analytics IT Product organizations.
• Manage interface with external auditors, regulatory authorities and other external stakeholders in alignment with other areas in Finance and ATT.
• Manage relationships and foster positive cross-functional collaboration across the various Finance areas, Reinsurance, Operations, Group Accounting and other areas.

What You’ll Bring to the Role

With at least 5 years of experience in a senior management position in an insurance company (ideally P&C) and the consequent deep understanding of insurance accounting, closing and reporting concepts, processes, you also bring :

• A degree in Business Administration, Economics, Finance, Accounting or an equivalent level of experience.
• Expert knowledge of IFRS 17, local GAAP (HGB), Solvency II, Tax and other external and internal relevant standards and requirements.
• Excellent understanding of insurance financial statements, KPIs, performance measurement, P&L steering, cost management and P&C insurance business basics.
• Proven managerial experience in developing and leading teams within a global / matrix environment.
• In-depth experience in process and business requirements analysis concepts and management of complex global process and project landscapes.
• Proven experience in leading change in various business scenarios, including restructuring, integration, growth and mature environments.
• Exposure to both shared and outsourced services and solutions.
• Excellent understanding of global and local technical workflows, data flows, data modeling, IT accounting tools and systems with regards to insurance and financial closing and reporting operations.
• Good understanding of related functional areas along the value chain (eg. Operations, Reinsurance, Actuarial, Finance IT, Global Performance Steering, Finance, Group Accounting).
• Ability to navigate complexity by making sense of complex issues, identifying and initiating appropriate remediation and follow-up.
• Outstanding communication and presentation skills.
• Excellent decision making skills and conflict management skills.
• Fluent English skills, German skills considered an advantage.

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.

Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies.

We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.

Diversity of thinking is an important part of our culture.

People with disabilities :

Do you have the following skills, experience and drive to succeed in this role Find out below.

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email [email protected]

Recruitment Agencies :

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.

Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly.

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