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Head of Finance

  • Job
    Full-time
    Expert Level
  • Accounting & Tax
    Banking & Finance
  • Dublin

AI generated summary

  • You need a finance or accounting degree with a professional qualification, substantial experience in regulated services, strong leadership skills, and technological savvy.
  • You will drive financial strategy, manage risks, ensure compliance, oversee reporting, lead accounting efforts, and collaborate with leadership and stakeholders to enhance operational efficiency.

Requirements

  • University degree in finance, accounting, or economics with Professional Accounting Qualification such as ACA, ACCA, CIMA.
  • Sufficient relevant experience in regulated financial services and an independent board environment including meaningful and progressive leadership experience.
  • Ability to prioritise multiple demands and guide stakeholders to focus on the key issues.
  • Excellent leadership and influencing skills with an ability to make complex issues simple and to foresee and resolve problems.
  • Willingness to get into the details to understand the issues but retaining the ability to see the big picture.
  • Technologically minded exploiting more effective and efficient ways of delivering.
  • The ability and personality to interface with senior leaders, industry experts and partners on material and high impact items.
  • First-hand experience of working in a PCF or similar role for a large MiFID regulated company.
  • Working knowledge of IFD/ IFR, asset-based fee models, multi-jurisdictional transfer pricing and evolving regulatory expectations.

Responsibilities

  • Contribute to the strategy and business of the firm at a board level and add value to executive decision making.
  • Identify and manage risks including financial risks, market, credit, and operational risks.
  • Be a leader and advocate for the firm and the finance team through representation on various leadership forums, Executive Risk Committees, Board, and its sub-committees.
  • Partner with the business and provide guidance and direction on finance matters to firm's leadership.
  • Challenge appropriately and support the leadership on any areas of concern.
  • Contribute to setting the tone from the top to maintain and enhance the firm's strong culture.
  • Responsible for all periodic and ad-hoc financial reporting to Central Bank of Ireland, Board of Directors, Group Finance and Auditors among other stakeholders.
  • Direct and lead the team on all accounting, tax and reporting aspects in an offshore and strong control environment.
  • Lead implementation of accounting standard changes in local and US GAAP and their alignment.
  • Support the development and implementation of the Internal Capital Adequacy Assessment Process (ICARAP) which is led by the Chief Risk Officer, ensuring that it aligns with MGIE's overall risk management framework and regulatory requirements.
  • Ensure compliance with corporate policies, local/US GAAP and local statutory and reporting regulations (as applicable) regarding financial matters.
  • Provide support in continuously identifying more efficient and effective ways of operating as a business and a function.
  • Responsible for proposing statutory budgets and monitoring capital, liquidity, profitability, interest rate, FX and pension scheme.
  • Establish and develop strong relationships with all Board members and the executive team and be a trusted advisor to leadership.
  • Lead relationships with regulators, auditors, tax advisors, bankers, and other corporate stakeholders to ensure effective and efficient outcomes for the firm.
  • Maintain strong relationships with the MMC Group on all financial and regulatory matters including, capital and liquidity planning, dividend repatriation, board and regulatory expectations.
  • Support the Group CFO in managing stakeholder expectations from group, auditors (external and internal), tax advisors (external and internal), legal, compliance and business colleagues.
  • Provide support on other group companies as required, including but not limited to group wide projects impacting the firm.
  • Work as part of the broader finance team, and a commitment to collaborating on goals set out by management and business leaders.

FAQs

What is the role of Head of Finance at Mercer?

The Head of Finance is responsible for leading the Finance function at Mercer Global Investments Europe Limited, overseeing financial strategies, regulatory compliance, financial reporting, and stakeholder management while contributing to executive decision-making.

Who does the Head of Finance report to?

The Head of Finance reports to the MMC Ireland Group CFO and has an additional reporting line to the MGIE CEO.

What qualifications are required for this position?

Candidates should have a university degree in finance, accounting, or economics and a professional accounting qualification such as ACA, ACCA, or CIMA.

What experience is preferred for applicants?

Applicants should have sufficient relevant experience in regulated financial services and meaningful leadership experience in an independent board environment.

Is knowledge of IAF and SEAR important for this role?

Yes, prospective candidates are expected to be very familiar with the Individual Accountability Framework (IAF) and the Senior Executive Accountability Regime (SEAR) and related expectations.

What type of benefits does Mercer offer?

Mercer offers competitive salaries, discretionary company bonuses, up to 12% company pension contributions, full healthcare cover, study support, flexible working arrangements, wellness programs, and a hybrid work environment, among other benefits.

What are the key responsibilities of the Head of Finance?

Key responsibilities include leading the Finance team, maintaining a strong control environment, managing financial reporting, overseeing compliance with regulations, and building strong relationships with stakeholders.

How does the role interact with the Audit Committee?

The Head of Finance will work closely with the Audit Committee Chair on relevant finance matters and is responsible for enhancing financial reporting to the Audit Committee and Board.

What skills are essential for this position?

Essential skills include excellent leadership and influencing capabilities, the ability to prioritize demands, technological proficiency, and the ability to resolve complex issues while maintaining an overview of the bigger picture.

Is experience in a large MiFID regulated company beneficial?

Yes, first-hand experience in a PCF or similar role in a large MiFID regulated company is considered a distinguishing factor for candidates.

Marsh McLennan (NYSE: MMC) brings together 85,000 experts in risk, strategy and people.

Finance
Industry
10,001+
Employees
1905
Founded Year

Mission & Purpose

Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s more than 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and wellbeing for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.