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Senior Manager - Finance Transformation (FS Insurance)

Date: Oct 1, 2021

Location: London, United Kingdom

Company: KPMG UK

The Team

The KPMG Finance Transformation capability within our FS Consulting business specialises in delivering large scale Finance function transformation initiatives and supporting CFOs on a wide range of issues. Over the last few years, we have established a reputation as the leading provider of top-quality consulting and technology delivery services in the Insurance sector. Our teams are recognised by our clients for the depth of industry and functional expertise they bring combined with our practical and innovative technology capabilities. As a result of our strategy and strong pipeline of exciting projects, we are looking to grow our Finance Data & Systems capability. We are looking for candidates who brings a combination of technology skills and business acumen, possesses the ambition and potential to become future leaders of our Insurance Finance Transformation consulting business. This is an exciting time to be part of growing business.

The Role

The KPMG Finance Transformation team is looking to enhance our capability for Insurance Finance Systems architecture. As part of this, we are looking for an experienced solution architect who is able fulfil the following responsibilities:

Client Delivery:

- Independently lead large scale Insurance Finance Transformation workstreams focusing on Solution and Architecture design with accountability for the engagement delivery and client outcomes.

- Ability to communicate and demonstrate, through delivery, the benefits of KPMG’s Finance Systems Transformation approach and ensure benefits are realised for our clients

- Ability to manage cross functional global engagement teams both internally within KPMG and external client teams.

- Building rapport and maintaining external vendor relationships to support delivery of each engagement. Acts as a conduit between vendors and client teams and translate system ‘jargon’ into business terminology

- Build positive and collaborative relationships with senior client stakeholders

- Facilitate collaborative and fulfilling working environments for the client and KPMG staff on engagements
Business Development:

- The candidate will need to be able to build and leverage both internal and external relationships to help support Partners and Directors in driving business development and sales activities

- Will lead and/or support the development of related response for proposals (RFPs) and sales pitches to potential clients
- Develop innovative Go-to-Market propositions based on client issues
- Build credibility and relationships in the Market including with prospective clients and with technology vendors
- Seek to cross-sell and bring opportunities to other part of the firm where appropriate
Practice Development

- Leading the development of processes and initiatives that are key to scaling the business including through formal training across the team
Risk Management

- Identifying and managing risks, engagement assurance and commercial risk management and ensuring the Firm's frameworks are implemented appropriately and effectively
People Management & Talent Development:

- The candidate will be able to demonstrate a track record or leading delivery teams as well as developing teams within a consulting practice.

- Act as formal performance manager for junior members of the team and actively participate in our bi-annual appraisal process

- Support the development of junior team members through formal training as well as informal coaching & mentoring capacities
The Person

Successful candidates should have excellent Insurance finance knowledge (including interactions with the actuarial function) and demonstrate the following skills:

- Extensive experience working in the Insurance industry, with examples of delivering client work across Life,
General Insurance and Lloyd’s of London Markets companies
- Excellent understanding of the business model for insurance and reinsurance entities, including products and channels
- Understanding of key industry challenges across Insurance, being able to translate
these into strategic solutions
- Detailed knowledge of Insurance Finance including leading practise reporting processes, controls and risks.

- Understanding of key technology trends in Insurance including migration to Cloud, SaaS, Automation, Big Data etc.
- Strong understanding of the end to end finance systems architecture, how each of the components are linked and technologies which are available in the market

- Ability to design the strategic finance systems architecture required given client
requirements and build the transition states and roadmap required to reach the Vision
- Good knowledge of the key technologies and systems involved in insurance finance including Actuarial models, ERP systems, Consolidation tools, Reporting/Analysis tools and data platforms.
- Awareness and understanding of Insurance reporting standards and requirements
- Strong people manager, able to lead large teams and develop others
- Self-starting, pro-active team player that is experienced in working in challenging environments and within a multi-disciplined Global team
- Ability to create and deliver engaging presentations and output reviews to senior executives/stakeholders and business managers.

- Ability to review and challenge information that has been provided by other team members, ensuring the information is ‘fit for purpose’ and at the right level of granularity

- Flexibility to travel

Successful candidates should have experience in one or more of the following areas:

- Experience in leading the end-to-end solution design at major insurers including general ledger, data storage, consolidation solutions, reporting suite and planning, budgeting and
- Experience across all phases of the Solution lifecycle including conceptual design, POC, vendor selection, Programme mobilisation, solution design, delivery management, testing and Dry-run
- Design experience of Microsoft Dynamics 365 F&O to support a ledger replacement programme
- Design experience
of Oracle Fusion to support a ledger replacement programm
- Experience in IFRS 17 and/or Solvency II design and implementation having led the delivery of key technology changes

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