Finance Data Scientist

Munich Re Group; City Of London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Munich Re Group in London is seeking a Finance Data Scientist to transform finance and actuarial functions by applying data science to financial data and building predictive models. You will work closely with IT and cross-functional partners to collect, organise and analyse data from multiple sources, identifying opportunities to automate and streamline processes.

You will automate manual workflows, develop dashboards in Power BI that clearly communicate insights to stakeholders, and stay

Qualifications

• Degree in Finance, Actuarial Science, Data Analytics, or related quantitative field.
• Experience with data analytics in finance/actuarial context preferred.
• Strong communication to translate data to stakeholders.

Responsibilities

• Collect, organise and analyse large financial/actuarial datasets to derive insights.
• Build predictive models to forecast risks and improve decision making.
• Develop Power BI dashboards for stakeholder communication.
• Design automated data workflows with Databricks to reduce manual work.

Skills

Power BI

SQL

R

Databricks

Education

Degree in Finance

Degree in Actuarial Science

Degree in Data Analytics

Related quantitative field

Professional accountancy or actuarial qualification

Job description

This job is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Finance Data Scientist

Support and enable the transformation of the finance and actuarial function by applying data science techniques to financial data, automating manual processes, and building predictive and analytical models and dashboards that clearly communicate insights to stakeholders. Working closely with IT and cross-functional business partners, you will help collect, organise and analyse data from various sources, identify opportunities to automate and streamline existing processes, and leverage capabilities from across the Munich Group, including advanced use of Databricks, for local implementation.

Overall Objective

Munich Re's Global Markets.is a specialty insurance unit of Munich Re Group, delivering specialty insurance solutions across the globe and reinforcing its position as a leading global provider of specialty insurance.

To support the finance and actuarial function's evolution into a data-driven function, applying data science techniques to financial data and driving process automation, to improve forecasting, decision-making, reporting and operational efficiency across the business.

Responsibilities

Data & Analytics

• Collect, organise and analyse large financial and actuarial data sets from various sources to derive insights that inform business decisions.
• Build predictive models to identify key financial risk factors, improving forecasting and decision-making accuracy.
• Develop analytical models to identify data quality issues, trends and exceptions in financial data, strengthening reporting accuracy.

Automation & Process Improvement

• Review existing financial and actuarial processes to identify opportunities to automate manual work and eliminate duplication.
• Design and build automated data workflows, leveraging Databricks to create scalable pipelines that reduce reliance on manual, Excel-based processes.

Stakeholder Engagement

• Collaborate with finance and actuarial teams to identify areas where data-driven insights and automation can improve their operations.
• Develop dashboards and reports in Power BI that clearly communicate insights to stakeholders.
• Stay up to date with industry trends and emerging technologies that could impact data, analytics and automation practice in the insurance industry.

Governance & Controls

• Work with the IT team to ensure that financial data is stored and analysed securely.
• Maintain clear documentation of data sources, processes and models to support audit, governance and knowledge-sharing.
• Follow data quality and control standards when handling financial and actuarial data.

Knowledge and Skills

• Technical background in Finance, Actuarial Science, Data Analytics or a related field
• Practical experience with Power BI, SQL, R and Databricks
• Solid understanding of financial and/or actuarial processes and data
• Analytical, critical thinker with a problem-solving attitude
• Strong communication skills, able to translate complex data and analysis into clear, actionable insights for both technical and business stakeholders
• Experience in General Insurance
• Exposure to data governance, data quality or documentation practices
• Relationship management: ability to partner and influence at all levels within an organisation

Behavioural Attributes

• Analytical and curious
• Innovation mindset with a proven record of process improvement and automation
• Proactive and collaborative, comfortable working across teams and functions

Education and Professional Qualifications Required / (preferred)

• Required: Degree in Finance, Actuarial Science, Data Analytics, or a related quantitative field
• Preferred: Professional accountancy or actuarial qualification (newly qualified/part-qualified)

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Finance Data Scientist • Greater London, Greater London, United Kingdom