Head of Data Strategy & Transformation

Munich Re; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Head of Data Strategy & Transformation to lead their data initiatives. This pivotal role involves developing a comprehensive data strategy that aligns with business objectives and drives innovation. You will be at the forefront of transforming how data is utilized within the organization, collaborating with cross-functional teams to harness data as a strategic asset. If you are passionate about leveraging data to drive business growth and have a strong background in the insurance industry, this opportunity offers a dynamic and collaborative environment where your contributions will make a significant impact.

Benefits

Non-contributory pension

Private medical care

Life assurance

Flexible working

Wellbeing support

Learning and development opportunities

Qualifications

• 8+ years in data strategy or management, preferably in insurance.
• Strong leadership and team management skills are essential.
• Familiarity with data analytics techniques and tools.

Responsibilities

• Develop and execute a comprehensive data strategy aligned with business goals.
• Lead a team of data SMEs to drive data-driven decision-making.
• Collaborate with stakeholders to identify data-driven opportunities.

Skills

Data Strategy

Data Management

Insurance Industry Knowledge

Leadership

Data Analytics

Statistical Modelling

Machine Learning

Data Visualization

Python

SQL

Education

Bachelor's degree in Computer Science or related field

Certified Data Management Professional

Tools

Qlik Sense

Power BI

Tableau

SQL Server Reporting Services (SSRS)

Office 365

Job description

MRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.

As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.

Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.

Head of Data Strategy & Transformation

We are looking to employ a Head of Data Strategy & Transformation to be based in London and to work with us on a Full Time basis.

If you’d like to work within an energetic, fun and collaborative team atmosphere where you can make a difference, we’d love to hear from you.

The Role

We are seeking an experienced and forward-thinking individual to join Munich Re Speciality Group as the Head of Data Strategy & Transformation within the Central Data Office, reporting to the Head of Data & Digital.

As the leader of our data strategy & transformation team, you will be responsible for developing and implementing a comprehensive data strategy that aligns with our business objectives, drives innovation, and leverages the power of data as an asset to steer business decisions.

You will collaborate with cross-functional teams to identify data-driven opportunities, establish an operating framework with business functions, and champion a data-driven culture. This role requires a deep understanding of the insurance industry, financial services, and large-scale transformation initiatives.

What we are looking for

As the Head of Data Strategy & Transformation for MRSG, you will play a critical role in shaping our organisation's data-driven future and driving innovation across Group’s Underwriting, Claims, Risk, and Finance communities. Responsibilities include:

1. Develop and execute a data strategy & vision that supports the overall business goals and objectives of Munich Re Speciality Group.
2. Develop & lead a team of data SMEs, providing guidance, mentorship, and fostering a culture of data-driven decision-making and innovation.
3. Collaborate with key stakeholders, including senior management, underwriters, actuaries, claims specialists, and IT teams, to identify strategic opportunities for leveraging data to drive business growth and operational efficiency.
4. Establish a framework for the development of data products. Collaborate with data scientists, owners, and engineers to define technical requirements and ensure successful implementation and delivery.
5. Drive the product development process & lifecycle, from ideation to launch, ensuring timely delivery and high-quality discoverable data products to gain rapid ‘time to insight’ of information and content.
6. Identify and prioritize data initiatives and projects based on their potential business impact, feasibility, and alignment with the data strategy.
7. Drive the adoption of advanced data analytics and data science techniques to extract actionable insights from large and complex insurance datasets.
8. Foster a culture of data literacy and data-driven decision-making across the organisation, providing training and resources to enhance data literacy and analytics capabilities.
9. Collaborate with IT teams to assess and implement the necessary infrastructure, tools, and technologies to support the data strategy.
10. Stay abreast of emerging trends, technologies, and best practices in data strategy, analytics, and the insurance industry, and assess their potential impact on business operations.
11. Monitor and evaluate the performance of data initiatives, track key metrics, and provide regular reports to senior management on the effectiveness and ROI of data strategy efforts.
12. Demonstrable experience in leading and managing matrix teams, fostering a collaborative and results-driven work environment.

Key Skills & Experience

1. Proven experience (8+ years) in data strategy, data management, or a related field, preferably in the insurance industry. Experience in a leadership role is highly desirable.
2. Strong understanding of the insurance industry, including underwriting, claims management, actuarial science, risk assessment, and pricing.
3. Deep knowledge of data strategy frameworks, data governance, and regulatory requirements related to data privacy and security in the insurance industry.
4. Familiarity with advanced data analytics techniques, statistical modelling, machine learning algorithms, and data visualization tools.
5. Strong leadership and team management skills, with the ability to inspire and guide a team of data strategy professionals.
6. Excellent analytical and problem-solving skills, with the ability to translate complex data into strategic insights and recommendations.
7. Proficiency in understanding programming languages such as Python, R, or SQL, and experience using data manipulation and analysis tools like Qlik Sense, Power BI, and Tableau.
8. Exceptional communication and interpersonal skills, with the ability to collaborate effectively with stakeholders at all levels of the organization.
9. Strong business acumen and the ability to align data strategy initiatives with the strategic goals of the organisation.
10. Office 365 (MS Teams, MS PowerPoint, MS Excel, MS Word, SharePoint, Yammer)
11. Business Intelligence Applications (Power BI, QLIK Sense, Tableau, or similar).
12. SQL and SQL Server Reporting Services (SSRS).

From a leadership perspective:

1. Python, R (or other languages).
2. Master Data Management Solutions (Informatica, Semarchy, IBM, or similar).
3. Meta Data Management Solutions (Colibra, Alex Solutions, or similar).

Qualifications

1. Bachelor's degree in a relevant field such as computer science, information management, or a related business discipline. Certifications e.g., Certified Data Management Professional is desirable.

Your career with us

At MRSG, you’ll find the flexibility, development, and support you need to excel in your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance, and more!

Diversity & Inclusion

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.